Johnson Matthey (JMAT) AGM 2025 summary

Opening remarks and agenda

• Chair welcomed shareholders, introduced board members, and confirmed a quorum to open the meeting.

• Announced this would be the Chair's final AGM, with a successor named to take over at the meeting's conclusion.

• Outlined the meeting structure, including business updates, Q&A, and voting on resolutions.

Financial performance review

• Achieved full-year financial guidance despite mid-year concerns, delivering solid growth.

• Sale of Catalyst Technologies for £1.8 billion, double market expectations, created significant value.

• Clean Air business profitability increased from 8.7% in 2022 to a targeted 14–15% this year.

• Platinum Group Metals business strengthened with new refinery investment, improving efficiency and future opportunities.

• Hydrogen technologies business positioned for future growth, with investments already made and awaiting market expansion.

Board and executive committee updates

• Chair stepping down after seven years, with Andrew Cosslett announced as successor.

• Board and executive team expressed gratitude for outgoing Chair's leadership.