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Segment Information (Tables)
12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Financial information by reportable segment for the years ended December 31 is included in the following summary:
2025
In millionsGas CylindersElektronGraphic ArtsTotal
Net sales$174.8 $196.4 $13.4 $384.6 
Manufacturing fixed costs(29.4)(32.5)(4.0)(65.9)
Other cost of sales(1)
(117.2)(104.9)(7.4)(229.5)
Other segment items(2)
(16.5)(27.9)(4.6)(49.0)
Segment adjusted EBITA$11.7 $31.1 $(2.6)40.2
Amortization(0.8)
Share-based compensation charges(3.6)
Restructuring charges(9.0)
Other costs(0.8)
Disposal related costs(2.0)
Defined benefit pension credit1.3 
Interest expense, net(3.1)
Income before tax from continuing operations$22.2 
2024
In millionsGas CylindersElektronGraphic ArtsTotal
Net sales$186.3 $176.0 $29.6 $391.9 
Manufacturing fixed costs(28.7)(28.4)(7.7)(64.8)
Other cost of sales(1)
(127.4)(95.6)(18.4)(241.4)
Other segment items(2)
(15.6)(18.5)(6.4)(40.5)
Segment adjusted EBITA$14.6 $33.5 $(2.9)45.2
Amortization(0.8)
Share-based compensation charges(3.5)
Restructuring charges(4.7)
Gain on disposal of assets held for sale6.1 
Disposal related costs(12.2)
Defined benefit pension charge1.6 
Interest expense, net(5.2)
Loss before tax from continuing operations$26.5 
2023
In millionsGas CylindersElektronGraphic ArtsTotal
Net sales$186.4 $187.1 $31.5 $405.0 
Manufacturing fixed costs(29.1)(29.4)(10.9)(69.4)
Other cost of sales(1)
(129.8)(107.9)(21.3)(259.0)
Other segment items(2)
(14.9)(29.0)(5.8)(49.7)
Segment adjusted EBITA$12.6 $20.8 $(6.5)26.9
Amortization(0.8)
Share-based compensation charges(2.8)
Restructuring charges(6.4)
Impairment charges(12.7)
Defined benefit pension credit(7.6)
Interest expense, net(6.3)
Income before tax from continuing operations$(9.7)
During 2025 there were $0.1 million sales made between our Elektron segment and Graphic Arts segment (2024: $0.7 million and 2023: $0.7 million )
(1) Other cost of sales includes material costs and variable costs.
(2) Other segment items primarily consists of sales, marketing, research and development, general and admin costs.
18.    Segment Information (continued)
Depreciation and amortizationRestructuring Charges
In millions202520242023202520242023
Gas Cylinders segment$3.3 $3.4 $4.1 $6.5 $4.5 $5.9 
Elektron segment6.6 6.7 6.6 2.5 0.2 0.5 
Graphic Arts segment — 2.0— — — 
Consolidated$9.9 $10.1 $12.7 $9.0 $4.7 $6.4 
Total assetsCapital expenditure
In millions20252024202520242023
Gas Cylinders segment$121.8 $122.5 $1.9 $4.8 $2.1 
Elektron segment171.0 173.1 5.8 5.4 6.1 
Graphic Arts segment 14.80.1 0.31.0
Total reportable segments292.8310.47.810.59.2
Other71.4 64.3  — — 
Discontinued operations5.5 7.7 0.2 — 0.1 
$369.7 $382.4 $8.0 $10.5 $9.3 
The following tables present certain geographic information by geographic region for the years ended December 31:
Net Sales(1)
202520242023
$MPercent$MPercent$MPercent
United States$244.0 63.5 %$228.1 58.2 %$243.1 60.0 %
Germany24.0 6.2 %22.6 5.8 %19.2 4.7 %
U.K.23.8 6.2 %26.1 6.7 %19.7 4.9 %
Japan18.2 4.7 %22.0 5.6 %19.3 4.8 %
Canada11.2 2.9 %11.3 2.8 %11.2 2.8 %
Top five countries$321.2 83.5 %$310.1 79.1 %$312.5 77.2 %
Rest of Europe35.6 9.3 %47.0 12.0 %47.5 11.7 %
Asia Pacific22.1 5.7 %23.2 5.9 %28.0 6.9 %
Rest of the World(2)
5.7 1.5 %11.6 3.0 %17.0 4.2 %
$384.6 $391.9 $405.0 
(1) Net sales are based on the geographic destination of sale.
(2) Rest of the World
Revenue from External Customers and Long-term Assets by Geographic Areas
Property, plant and equipment, net
In millions20252024
United States$23.3 $26.7 
United Kingdom34.1 33.0 
Canada2.5 2.8
Asia Pacific0.3 0.3 
$60.2 $62.8