Johnson Matthey (JMAT) FY Profit Down; Plans CORMETECH Acquisition

Johnson Matthey (LON: JMAT) reported a decline in pretax profit from continuing operations for fiscal 2026, the company said on Thursday, while separately unveiling a deal to acquire CORMETECH. The specialty chemicals and sustainable technologies group did not immediately provide a figure for the profit drop, but said results were impacted by challenging market conditions. In parallel, Johnson Matthey announced the acquisition of CORMETECH, a U.S.-based provider of catalyst regeneration and environmental technology services. Financial terms were not disclosed. The deal, expected to close later this year, strengthens Johnson Matthey’s emission control platform and expands its North American footprint. The company will provide further details during its investor presentation.