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Reliance Worldwide Corporation Limited (ASX:RWC)

ALERT: Price-sensitive ASX Announcement for RWC
Current share price for RWC : $3.650 -0.95 (-20.65%)+
Announcement
Release
19 Aug 2025 7:32AM
Price at Release
$4.600
Full Release
download
Summary
For the financial year ending June 30, 2025, RWC reported net sales of $1,314.7 million, a 5.5% increase from the previous year, driven by the acquisition of Holman Industries and organic growth in Australia. The company's Adjusted EBITDA was $277.7 million, with a strong cash conversion rate of 97.6%. RWC maintained a net debt to EBITDA ratio of 1.30 times, below its target leverage range, resulting in a reduction of debt facilities by $150 million. The Americas segment experienced a sales decline due to weaker remodel markets, while Asia Pacific saw a significant sales boost from Holman. EMEA sales decreased slightly, with ongoing cost reduction initiatives. RWC navigated the impact of US tariffs by adjusting sourcing strategies and implementing price increases, aiming to reduce reliance on tariff-impacted Chinese products by FY27. A final unfranked dividend and a share buy-back were announced, representing 62% of reported NPAT.
Key Points
  • Net sales for FY25 were $1,314.7 million, up 5.5% from FY24.
  • Adjusted EBITDA reached $277.7 million with a 97.6% cash conversion rate.
  • Net debt to EBITDA was reduced to 1.30 times.
  • Americas sales declined due to weak remodel activity.
  • Asia Pacific sales increased due to Holman acquisition.
  • EMEA sales slightly decreased but with efficiency improvements.
  • RWC is mitigating US tariff impacts through sourcing strategies.
  • Final unfranked dividend and share buy-back announced.
  • Targeted reduction of Chinese tariff-impacted products by 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.