InvestSMART

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 7:40AM
Price at Release
$3.610
Full Release
download
Summary
Reliance Worldwide Corporation Limited announced its financial results for the year ended 30 June 2026, highlighting a significant decrease in net profit from the previous year, largely due to one-off charges related to restructuring activities. Revenue slightly decreased by 0.7% to 1,305.6 million USD. The reported net profit after tax saw a dramatic decline of 95.0% due to restructuring costs, but the adjusted net profit after tax, excluding these one-off items, decreased 15.3%. The company also received an unsolicited, non-binding proposal from Brookfield Capital Partners to acquire the company at A$4.75 per share, and as a result, no final dividend was declared for FY2026. The document also discusses the company's capital management activities, including share buy-backs.
Key Points
  • Significant decrease in net profit due to restructuring costs.
  • Revenue decrease by 0.7% to 1,305.6 million USD.
  • Adjusted net profit decreased by 15.3% after excluding one-off items.
  • Received unsolicited, non-binding acquisition proposal from Brookfield.
  • No final dividend declared for FY2026.
  • Share buy-backs conducted during FY2026.
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.