Morgan Advanced Materials PLC
XMUN:MGJ
Income Statement
Earnings Waterfall
Morgan Advanced Materials PLC
Income Statement
Morgan Advanced Materials PLC
| Jan-2002 | Jul-2002 | Jan-2003 | Jul-2003 | Jan-2004 | Jul-2004 | Jan-2005 | Jul-2005 | Jan-2006 | Jul-2006 | Jan-2007 | Jul-2007 | Jan-2008 | Jul-2008 | Jan-2009 | Jul-2009 | Jan-2010 | Jul-2010 | Jan-2011 | Jul-2011 | Jan-2012 | Jun-2012 | Dec-2012 | Jun-2013 | Dec-2013 | Jun-2014 | Dec-2014 | Jun-2015 | Dec-2015 | Jun-2016 | Dec-2016 | Jun-2017 | Dec-2017 | Jun-2018 | Dec-2018 | Jun-2019 | Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | Jun-2024 | Dec-2024 | Jun-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
15
|
0
|
17
|
20
|
34
|
35
|
33
|
31
|
30
|
32
|
11
|
41
|
21
|
52
|
25
|
55
|
26
|
52
|
22
|
34
|
19
|
18
|
18
|
17
|
17
|
16
|
14
|
14
|
15
|
18
|
17
|
13
|
10
|
12
|
14
|
13
|
10
|
9
|
8
|
9
|
9
|
14
|
18
|
20
|
21
|
23
|
0
|
|
| Revenue |
1 025
N/A
|
935
-9%
|
884
-5%
|
873
-1%
|
853
-2%
|
778
-9%
|
798
+2%
|
692
-13%
|
746
+8%
|
645
-13%
|
678
+5%
|
689
+2%
|
693
+1%
|
747
+8%
|
835
+12%
|
926
+11%
|
943
+2%
|
952
+1%
|
1 017
+7%
|
1 076
+6%
|
1 101
+2%
|
1 074
-2%
|
1 008
-6%
|
961
-5%
|
958
0%
|
920
-4%
|
922
+0%
|
943
+2%
|
912
-3%
|
918
+1%
|
989
+8%
|
1 033
+4%
|
1 001
-3%
|
997
0%
|
1 034
+4%
|
1 038
+0%
|
1 050
+1%
|
1 002
-5%
|
911
-9%
|
894
-2%
|
951
+6%
|
1 020
+7%
|
1 112
+9%
|
1 136
+2%
|
1 115
-2%
|
1 133
+2%
|
1 101
-3%
|
1 051
-5%
|
997
-5%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(960)
|
(902)
|
(355)
|
(833)
|
(343)
|
(732)
|
(322)
|
(636)
|
(296)
|
(580)
|
(281)
|
(607)
|
(297)
|
0
|
(353)
|
0
|
(450)
|
0
|
(472)
|
0
|
(494)
|
0
|
(442)
|
0
|
(411)
|
0
|
(388)
|
0
|
(377)
|
0
|
(400)
|
0
|
(392)
|
0
|
(390)
|
0
|
(396)
|
0
|
(372)
|
0
|
(394)
|
0
|
(481)
|
0
|
(468)
|
0
|
(446)
|
0
|
0
|
|
| Gross Profit |
64
N/A
|
33
-49%
|
529
+1 529%
|
40
-92%
|
510
+1 182%
|
46
-91%
|
475
+927%
|
56
-88%
|
449
+697%
|
66
-85%
|
397
+505%
|
82
-79%
|
397
+384%
|
0
N/A
|
482
N/A
|
0
N/A
|
493
N/A
|
0
N/A
|
545
N/A
|
0
N/A
|
607
N/A
|
0
N/A
|
565
N/A
|
0
N/A
|
547
N/A
|
0
N/A
|
534
N/A
|
0
N/A
|
535
N/A
|
0
N/A
|
589
N/A
|
0
N/A
|
609
N/A
|
0
N/A
|
644
N/A
|
0
N/A
|
654
N/A
|
0
N/A
|
539
N/A
|
0
N/A
|
556
N/A
|
0
N/A
|
632
N/A
|
0
N/A
|
647
N/A
|
0
N/A
|
655
N/A
|
0
N/A
|
0
N/A
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(8)
|
(8)
|
(503)
|
(8)
|
(475)
|
(4)
|
(428)
|
0
|
(383)
|
0
|
(312)
|
(1)
|
(310)
|
(653)
|
(377)
|
(833)
|
(422)
|
(870)
|
(446)
|
(953)
|
(473)
|
(942)
|
(451)
|
(858)
|
(438)
|
(812)
|
(423)
|
(827)
|
(432)
|
(820)
|
(482)
|
(872)
|
(490)
|
(883)
|
(528)
|
(917)
|
(528)
|
(890)
|
(453)
|
(801)
|
(438)
|
(887)
|
(487)
|
(1 012)
|
(528)
|
(994)
|
(531)
|
(937)
|
(904)
|
|
| Selling, General & Administrative |
0
|
0
|
(352)
|
0
|
(345)
|
0
|
(306)
|
0
|
(280)
|
0
|
(227)
|
0
|
(222)
|
0
|
(269)
|
0
|
(280)
|
0
|
(306)
|
0
|
(327)
|
0
|
(311)
|
0
|
(303)
|
0
|
(303)
|
0
|
(310)
|
0
|
(344)
|
0
|
(360)
|
0
|
(370)
|
0
|
(367)
|
0
|
(335)
|
0
|
(334)
|
0
|
(376)
|
0
|
(402)
|
0
|
(398)
|
0
|
0
|
|
| Depreciation & Amortization |
(8)
|
(8)
|
(54)
|
(8)
|
(51)
|
0
|
(42)
|
0
|
(30)
|
0
|
(25)
|
(1)
|
(25)
|
(2)
|
(31)
|
(10)
|
(48)
|
(12)
|
(40)
|
(8)
|
(39)
|
(8)
|
(38)
|
(8)
|
(38)
|
(9)
|
(36)
|
(8)
|
(34)
|
(7)
|
(37)
|
(8)
|
(37)
|
(8)
|
(39)
|
(8)
|
(51)
|
(8)
|
(48)
|
(5)
|
(44)
|
(6)
|
(43)
|
(5)
|
(43)
|
(2)
|
(44)
|
(1)
|
(1)
|
|
| Other Operating Expenses |
0
|
0
|
(97)
|
0
|
(80)
|
(4)
|
(80)
|
0
|
(73)
|
0
|
(60)
|
0
|
(63)
|
(651)
|
(77)
|
(823)
|
(94)
|
(858)
|
(99)
|
(945)
|
(107)
|
(934)
|
(101)
|
(850)
|
(97)
|
(803)
|
(84)
|
(820)
|
(88)
|
(813)
|
(101)
|
(864)
|
(93)
|
(875)
|
(119)
|
(907)
|
(111)
|
(882)
|
(70)
|
(796)
|
(60)
|
(882)
|
(68)
|
(1 007)
|
(83)
|
(992)
|
(89)
|
(936)
|
(903)
|
|
| Operating Income |
57
N/A
|
25
-57%
|
26
+7%
|
32
+22%
|
35
+9%
|
43
+22%
|
47
+11%
|
56
+19%
|
66
+17%
|
66
-1%
|
85
+29%
|
81
-4%
|
87
+7%
|
93
+8%
|
106
+13%
|
93
-12%
|
71
-24%
|
82
+16%
|
99
+21%
|
123
+24%
|
134
+9%
|
132
-1%
|
114
-13%
|
103
-10%
|
109
+7%
|
109
-1%
|
111
+2%
|
115
+4%
|
103
-11%
|
98
-4%
|
107
+9%
|
160
+50%
|
119
-26%
|
114
-4%
|
116
+2%
|
121
+4%
|
126
+5%
|
112
-11%
|
86
-24%
|
93
+9%
|
118
+27%
|
132
+12%
|
144
+9%
|
124
-14%
|
119
-4%
|
139
+17%
|
124
-11%
|
114
-8%
|
93
-19%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(19)
|
(16)
|
(13)
|
(14)
|
(16)
|
(17)
|
(12)
|
(13)
|
(13)
|
(7)
|
(3)
|
(5)
|
18
|
(8)
|
14
|
(21)
|
2
|
(27)
|
6
|
(26)
|
7
|
(19)
|
7
|
(17)
|
(16)
|
(16)
|
(16)
|
(13)
|
(11)
|
(12)
|
(9)
|
(15)
|
(21)
|
(11)
|
(7)
|
(10)
|
(12)
|
(10)
|
(9)
|
(7)
|
(7)
|
(8)
|
(6)
|
(10)
|
(16)
|
(17)
|
(15)
|
(20)
|
(21)
|
|
| Non-Reccuring Items |
0
|
(28)
|
(57)
|
(44)
|
(67)
|
(71)
|
(59)
|
(47)
|
(32)
|
(25)
|
(30)
|
(18)
|
(9)
|
(10)
|
(11)
|
(13)
|
(12)
|
(7)
|
(8)
|
(6)
|
(2)
|
(3)
|
(13)
|
(19)
|
(23)
|
(21)
|
(58)
|
(53)
|
(26)
|
(23)
|
(3)
|
(5)
|
46
|
0
|
(10)
|
0
|
0
|
(69)
|
(87)
|
(15)
|
(5)
|
(9)
|
(6)
|
(19)
|
(25)
|
(15)
|
(23)
|
(36)
|
(48)
|
|
| Gain/Loss on Disposition of Assets |
(18)
|
(25)
|
(15)
|
(21)
|
(30)
|
(15)
|
(55)
|
(8)
|
(1)
|
0
|
0
|
(0)
|
(0)
|
0
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(23)
|
0
|
(26)
|
0
|
(29)
|
0
|
(29)
|
0
|
(28)
|
(3)
|
(27)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(6)
|
(5)
|
(5)
|
(5)
|
(4)
|
(3)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
0
|
(1)
|
(1)
|
(0)
|
(2)
|
|
| Pre-Tax Income |
20
N/A
|
(45)
N/A
|
(59)
-32%
|
(47)
+20%
|
(78)
-66%
|
(61)
+22%
|
(78)
-30%
|
(11)
+86%
|
20
N/A
|
34
+69%
|
52
+51%
|
58
+12%
|
72
+24%
|
75
+5%
|
83
+10%
|
59
-29%
|
31
-46%
|
48
+53%
|
68
+41%
|
91
+35%
|
111
+22%
|
107
-4%
|
81
-24%
|
61
-25%
|
64
+5%
|
66
+3%
|
32
-52%
|
43
+37%
|
59
+37%
|
56
-5%
|
88
+57%
|
134
+52%
|
137
+2%
|
97
-29%
|
95
-2%
|
106
+11%
|
110
+4%
|
30
-73%
|
(13)
N/A
|
69
N/A
|
104
+52%
|
114
+9%
|
132
+16%
|
94
-28%
|
78
-17%
|
107
+37%
|
85
-21%
|
58
-32%
|
23
-60%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(13)
|
(5)
|
1
|
(1)
|
2
|
4
|
(3)
|
(4)
|
(9)
|
(7)
|
(11)
|
(11)
|
(15)
|
(17)
|
(20)
|
(15)
|
(9)
|
(14)
|
(20)
|
(27)
|
(33)
|
(31)
|
(22)
|
(17)
|
(19)
|
(21)
|
(19)
|
(22)
|
(21)
|
(21)
|
(29)
|
(28)
|
(26)
|
(28)
|
(31)
|
(32)
|
(30)
|
(16)
|
(7)
|
(20)
|
(28)
|
(32)
|
(36)
|
(27)
|
(22)
|
(29)
|
(26)
|
(22)
|
(18)
|
|
| Income from Continuing Operations |
7
|
(49)
|
(58)
|
(48)
|
(76)
|
(57)
|
(81)
|
(15)
|
12
|
27
|
41
|
47
|
57
|
58
|
63
|
44
|
23
|
34
|
48
|
65
|
79
|
76
|
59
|
45
|
45
|
45
|
12
|
21
|
38
|
35
|
59
|
106
|
111
|
69
|
64
|
74
|
80
|
13
|
(20)
|
49
|
76
|
82
|
96
|
67
|
56
|
78
|
59
|
36
|
5
|
|
| Income to Minority Interest |
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(6)
|
(6)
|
(6)
|
(5)
|
(3)
|
(3)
|
(3)
|
(4)
|
(5)
|
(5)
|
(4)
|
(5)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(8)
|
(8)
|
(5)
|
(5)
|
(8)
|
(8)
|
(9)
|
(9)
|
(8)
|
(9)
|
(9)
|
(9)
|
(8)
|
(8)
|
|
| Net Income (Common) |
4
N/A
|
(52)
N/A
|
(62)
-18%
|
(52)
+15%
|
(78)
-50%
|
(86)
-10%
|
(83)
+3%
|
(31)
+63%
|
18
N/A
|
32
+74%
|
37
+17%
|
43
+16%
|
53
+23%
|
54
+3%
|
59
+10%
|
39
-33%
|
19
-52%
|
29
+55%
|
43
+45%
|
59
+38%
|
73
+24%
|
92
+26%
|
77
-16%
|
42
-45%
|
42
0%
|
42
0%
|
8
-81%
|
16
+109%
|
34
+108%
|
31
-10%
|
52
+71%
|
100
+91%
|
108
+8%
|
57
-47%
|
46
-19%
|
56
+20%
|
73
+31%
|
10
-86%
|
(23)
N/A
|
43
N/A
|
74
+74%
|
79
+7%
|
88
+11%
|
60
-32%
|
47
-21%
|
70
+48%
|
50
-28%
|
28
-45%
|
21
-24%
|
|
| EPS (Diluted) |
0.02
N/A
|
-0.21
N/A
|
-0.25
-19%
|
-0.21
+16%
|
-0.32
-52%
|
-0.31
+3%
|
-0.3
+3%
|
-0.09
+70%
|
0.06
N/A
|
0.1
+67%
|
0.13
+30%
|
0.15
+15%
|
0.19
+27%
|
0.2
+5%
|
0.22
+10%
|
0.14
-36%
|
0.07
-50%
|
0.11
+57%
|
0.15
+36%
|
0.21
+40%
|
0.26
+24%
|
0.32
+23%
|
0.27
-16%
|
0.14
-48%
|
0.15
+7%
|
0.14
-7%
|
0.03
-79%
|
0.05
+67%
|
0.12
+140%
|
0.11
-8%
|
0.18
+64%
|
0.35
+94%
|
0.36
+3%
|
0.22
-39%
|
0.16
-27%
|
0.19
+19%
|
0.25
+32%
|
0.03
-88%
|
-0.09
N/A
|
0.14
N/A
|
0.24
+71%
|
0.27
+13%
|
0.3
+11%
|
0.2
-33%
|
0.16
-20%
|
0.24
+50%
|
0.17
-29%
|
0.1
-41%
|
0.07
-30%
|
|