RHI Magnesita NV

Website: RHI Magnesita NV
Index: FTSE 250
EPIC: RHIM
Supersector: Industrial Goods and Services
Sector: Industrial Engineering
Subsector: Industrial Machinery
Market Cap: £1.16B
Payout Frequency: Semi-Annual

Next RHI Magnesita NV Dividend

RHI Magnesita NV next goes ex-dividend on 28/05/2026. This will be the Final dividend for 2026.

The dividend per share amount is 120.00¢ (EUR) and the payment date is 11/06/2026.

Key Dividend Details

Final dividend: €1.20 per share (FY2025), subject to AGM approval on 13/05/2026
Full-year dividend (FY2025): €1.80 per share (flat y/y), including interim €0.60 paid on 25 Sep 2025
Ex-dividend date: 28/05/2026
Record date: 29/05/2026
Payment date: 11/06/2026
Currency: EUR (GBP receipts for LSE holders will vary with FX)
Total cash cost of FY2025 dividend: ~€85m
Dividend cover: 2.3x on Adjusted EPS (€4.18); c.1.0x on reported EPS (€1.82)
Dividend policy: Unchanged; medium-term target cover <3.0x Adjusted EPS; semi-annual with interim equal to one-third of prior year’s full-year dividend

Assessment of Sustainability and Support

Earnings and cover: FY2025 Adjusted EPS €4.18 supports the dividend at 2.3x cover; reported EPS cover is thin (~1.0x) due to exceptionals and higher finance costs.
Cash flow support: Adjusted operating cash flow €391m; free cash flow €214m, implying FCF cover of ~2.5x vs ~€85m dividend cash out.
Leverage and liquidity: Net debt €1,495m; Net debt/Pro Forma Adj. EBITDA 2.9x (above through-cycle 1.0–2.0x target; within M&A tolerance to ~2.5x). Guidance to reduce to ~2.6x by YE2026; liquidity €955m incl. undrawn €600m RCF.
Outlook: FY2026 Adjusted EBITA guided +~17% at constant FX (~€435m cc; ~€400m reported with FX) and cash conversion >90%—supports maintenance of payout.
Conclusion: The dividend appears well covered by cash flow and policy-consistent. Near-term growth likely constrained by elevated leverage and higher net finance costs until deleveraging progresses.

Dividends Used in Calculation:

Ex-Dividend Date	Payment Date	Type	Amount	Currency
22/05/2025	12/06/2025	Final	120.00¢	EUX
28/08/2025	25/09/2025	Interim	60.00¢	EUX

Total (Annual Dividends Per Share): 155.55p (Using exchange rate on 18/03/2026 EUR = £0.86415)

Dividend Yield = Annual Dividends Per Share (155.55p) ÷ Share Price (2315p) = 6.72%

Ex Dividend Date	Payment Date	Type	Amount	Currency
28/05/2026	11/06/2026	Final	120.00¢	EUX
28/08/2025	25/09/2025	Interim	60.00¢	EUX
22/05/2025	12/06/2025	Final	120.00¢	EUX
29/08/2024	26/09/2024	Interim	60.00¢	EUX
16/05/2024	13/06/2024	Final	125.00¢	EUX
24/08/2023	22/09/2023	Interim	55.00¢	EUX
08/06/2023	06/07/2023	Final	110.00¢	EUX
25/08/2022	23/09/2022	Interim	50.00¢	EUX
26/05/2022	14/06/2022	Final	100.00¢	EUX
26/08/2021	14/09/2021	Interim	50.00¢	EUX
10/06/2021	30/06/2021	Final	100.00¢	EUX
03/12/2020	21/12/2020	Interim	50.00¢	EUX
19/12/2019	09/01/2020	Interim	50.00¢	USX
13/06/2019	03/07/2019	Final	150.00¢	USX
14/06/2018	02/07/2018	Final	75.00¢	USX

Year	Interim	Final	Currency	Total	Change
2024	60.000	125.000	EUX	185.000	12.120
2023	55.000	110.000	EUX	165.000	10.000
2022	50.000	100.000	EUX	150.000	0.000
2021	50.000	100.000	EUX	150.000	200.000
2020	50.000		EUX	50.000	-75.000
2019	50.000	150.000	USX	200.000	166.660
2018		75.000	USX	75.000

Number of Shares:

Payment	Paid	Amount
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