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Elementis PLC on Thursday hailed its strategy to create a leaner company, as it posted a profit rise despite a fall in revenue amid challenges in the coatings market. The London-based chemicals maker said pretax profit climbed 16% to $47.5 million in the first half of 2025, from $40.9 million a year before. Revenue edged down 2.0% to $307.9 million from $314.1 million. The company cited soft market conditions amid challenging market conditions for Coatings. Cost of sales were reduced by 4.2% to $163.9 million from $171.1 million, and administrative costs remained unchanged at $41.0 million. The company declared an interim dividend of 1.3 US cents per share, up 18% from 1.1 cents a year ago. It also said the $50 million share buyback programme it started in late May is progressing in line with expectations. Looking ahead, Elementis expects 2025 profit performance to be in line with market expectations, citing a mean adjusted operating profit of $126 million, with a range of $122 million to $129 million. This would be similar to an adjusted operating profit of $129 million it had reported for 2024, which had been up 24% from $104 million in 2023. Chief Executive Officer Luc van Ravenstein said: ‘This is an exciting time for Elementis; we now have a very high-quality business, with strong margins and significant opportunities to grow based on our core strengths. Our new ’elevate Elementis’ strategy sets out to accelerate sustainable growth, position Elementis as the first choice for our customers, and create a simpler, leaner company. ‘These priorities underpin ambitious deliverable medium-term targets that will drive significant value for shareholders, as we elevate Elementis to the next level.’ Elementis shares were up 7.1% to 172.20 pence on Thursday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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