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Reliance Worldwide Corporation Limited (ASX:RWC)

ALERT: Price-sensitive ASX Announcement for RWC
Current share price for RWC : $4.200 0.59 (16.34%)+
Announcement
Release
18 Aug 2026 7:41AM
Price at Release
$3.610
Full Release
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Summary
Reliance Worldwide Corporation Limited (RWC) reported its financial results for the year ending 30 June 2026. The company faced a challenging year with reported Net Profit After Tax (NPAT) of US$6.3 million, largely impacted by US tariffs, increased copper costs, and cost inflation. Adjusted NPAT was US$125.1 million, down 15.3% from the previous year. Net sales were slightly down by 0.7% at US$1,305.6 million, while adjusted net sales showed a 1.5% increase in constant currency. Cash generated from operations was strong at US$263.4 million, reducing net debt significantly. The company suspended final dividends due to a potential acquisition proposal by Brookfield Capital Partners. RWC's strategic initiatives and operational improvements helped mitigate some financial impacts, with expectations for mid to high single-digit growth in sales for FY27.
Key Points
  • Reported NPAT of US$6.3 million for FY26
  • Adjusted NPAT of US$125.1 million, down 15.3% from prior year
  • Net sales totaled US$1,305.6 million, a decline of 0.7%
  • Strong operating cash flow of US$263.4 million
  • Significant reduction in net debt by US$88.2 million
  • Dividends suspended due to acquisition proposal from Brookfield
  • FY26 earnings impacted by US tariffs, copper costs, and inflation
  • Future sales growth expected in mid to high single digits for FY27
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.