Johnson Matthey (JMAT) AGM 2026 summary

Opening remarks and agenda

• Chair welcomed attendees in person and online, introduced the board, and outlined the AGM as an opportunity to update shareholders on business progress.

• Noted this was the chair's first AGM and highlighted the agenda: CEO review, performance highlights, and Q&A.

Financial performance review

• Delivered full-year performance in line with upgraded guidance; underlying operating profit up 6% reported, 14% underlying.

• Clean Air margin improved to mid-teen levels; Hydrogen Technologies reached run-rate breakeven.

• Free cash flow increased over 160% year-on-year despite challenges in PGM refining.

• Returned £129 million to shareholders and proposed a final dividend of £0.55 per share, totaling £0.77 for the year, in line with prior year.

Board and executive committee updates

• Two board members, Barbara Jeremiah and John O'Higgins, stepped down at the meeting's conclusion.

• Executive leadership team streamlined from nine to six, with leaner operating model implemented.