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Reliance Worldwide Corporation Limited (ASX:RWC)

ALERT: Price-sensitive ASX Announcement for RWC
Current share price for RWC : $4.170 0.56 (15.51%)+
Announcement
Release
18 Aug 2026 7:41AM
Price at Release
$3.610
Full Release
download
Summary
Reliance Worldwide Corporation Limited (RWC) reported its financial results for the fiscal year ending 30 June 2026. The company experienced a slight decrease in group net sales to $1.305 billion, primarily due to revenue adjustments and exiting low-margin product lines. Adjusted EBITDA was $242.1 million, down by 12.8% from the previous year, impacted by higher costs and tariffs. The company undertook significant restructuring in its APAC operations, incurring $103.3 million in post-tax one-off charges. Despite these challenges, RWC maintained a strong cash generation, resulting in a reduced net debt to EBITDA ratio. The company suspended dividend payments and share buy-backs due to an acquisition proposal from Brookfield Capital Partners LLC. Looking forward to FY27, RWC anticipates modest sales growth and expects to maintain EBITDA margins while continuing cost reduction efforts.
Key Points
  • Group net sales were $1,305.6 million, 0.7% lower than last year.
  • Adjusted EBITDA was $242.1 million, 12.8% lower than pcp.
  • Restructuring in APAC included $103.3 million in post-tax one-off charges.
  • Net debt to EBITDA ratio improved due to strong cash generation.
  • Suspended dividend payments and share buy-backs because of Brookfield's acquisition proposal.
  • FY27 outlook anticipates modest sales growth and consistent EBITDA margins.
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.