Platinum

Adj. EBITDA +33% to €577m and margin 30.2%; revenues €1.9bn; Free Operating Cash Flow €295m; guidance upgraded to slightly above €1bn adj. EBITDA for FY2026.

Majority buy adds pyrometallurgical, hydrometallurgical and electrowinning tech to recover precious and critical metals from e‑waste, batteries, PV panels and mining tailings.

Strategy driving cash: free cash flow £168m (+163%); pro forma underlying operating profit +6% at constant PGM/FX. Catalyst sale £1,325m on track; Cormetech buy agreed; new PGM refinery 2027.

PGM prices surged; platinum hit record. 2026: deficits likely for platinum, ruthenium, iridium; palladium and rhodium may have small surpluses. Strong prices boost recycling; industrial demand firm.

Bob Card joins Fluor's Board, bringing over 30 years of leadership in engineering, construction, and government sectors, enhancing strategic growth and operational risk management.

Recognized for top ESG performance, the company strengthens sustainability with SBTi-approved targets, ISO 20400 certification, and green innovation initiatives.

Prices for silicone products rise due to increased platinum costs, affecting sectors like automotive and medical. Existing contracts will be amended.

Nobian improved its EcoVadis score to 88, driven by its "Grow Greener Together" program, focusing on carbon neutrality by 2040 and using 100% renewable electricity.

Strong 1H performance with 38% profit growth. Catalyst sale on track. Cash flow up, £1.4B returns to shareholders. Outlook: mid single-digit profit growth, Clean Air margin 14-15%.

The program aims to advance AEM electrolysers, focusing on safety, energy management, and cost efficiency, using PGM-free technology for sustainable hydrogen production.