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Reliance Worldwide Corporation Limited (ASX:RWC)

ALERT: Price-sensitive ASX Announcement for RWC
Current share price for RWC : $4.170 -0.43 (-9.35%)+
Announcement
Release
19 Aug 2025 7:32AM
Price at Release
$4.600
Full Release
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Summary
Reliance Worldwide Corporation Limited (RWC) reported its financial results for the year ended 30 June 2025, revealing a 5.5% increase in net sales to US$1,314.7 million. The company's reported net profit after tax rose by 13.5% to US$125.0 million. The results included a full year contribution from Holman Industries, acquired in March 2024. Despite challenging market conditions, RWC maintained stable sales performance and implemented cost reduction measures, contributing to a reduction in net debt and a decrease in leverage to 1.30 times. A final distribution of 5.0 cents per share was declared, including a 2.5 cents per share dividend and a US$19.4 million share buyback. The results reflected the resilience of RWC's core business amid weaker market demand and uncertainty around tariffs, with proactive measures leading to strong cash generation.
Key Points
  • Net sales increased by 5.5% to US$1,314.7 million.
  • Reported net profit after tax rose by 13.5% to US$125.0 million.
  • Adjusted EBITDA increased by 1.1% to US$277.7 million.
  • Full year contribution from Holman Industries after acquisition in March 2024.
  • Reduction in net debt; leverage decreased to 1.30 times.
  • Final distribution of 5.0 cents per share declared.
  • Stable sales performance despite challenging market conditions.
  • Strong cash generation with operating cash flow conversion at 97.6%.
  • Uncertainty around tariffs impacted operating earnings and margins.
  • RWC expects FY26 external sales to be flat or slightly down.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.