Reliance Worldwide (RWC) investor relations material

FY2026 financial performance

• Net sales were US$1,305.6m, down 0.7% YoY; underlying sales rose 1.5% on a constant-currency basis after specified adjustments.

• Adjusted EBITDA was US$242.1m, down 12.8% YoY, with an 18.5% margin; adjusted NPAT was US$125.1m, down 15.3%, and reported NPAT was US$6.3m.

• Net debt fell to US$243.4m at 30 June 2026 from US$331.6m a year earlier; net debt/adjusted EBITDA declined to 1.11x from 1.30x.

Segment performance and outlook

• Americas net sales fell 4.0% to US$824.8m; adjusted EBITDA declined 11.5% to US$161.4m, with margin down 160 bps to 19.6%.

• APAC net sales rose 5.0% to A$440.4m; adjusted EBITDA fell 26.7% to A$29.1m, with margin down 290 bps to 6.6%.

• EMEA net sales fell 3.4% to £193.6m; adjusted EBITDA declined 11.3% to £51.2m, with margin down 240 bps to 26.4%.

• FY2027 outlook was reaffirmed: consolidated external sales expected to rise by mid- to high-single-digit percentage points YoY, with adjusted EBITDA margin broadly consistent with FY2026.

• FY2027 expectations include mixed Americas demand, APAC external sales growth and continued UK market challenges; no significant improvement in economic conditions is expected.

Strategy and operations

• FY2026 trading faced weak US and UK end markets, US tariff impacts and input-cost inflation; strong working-capital management supported cash generation and lower net debt.

• Stainless-steel accessories are entering the catalogue; new stainless-steel products are expected from Q1 calendar 2027, with further ranges in development.

• Poland production ramp-up delivered 1.2m fittings in June 2026; the Mexico plant was progressing toward operation by year-end 2026, alongside APAC manufacturing restructuring.

• Long-term growth priorities include product innovation, customer experience and operational excellence, supported by manufacturing capacity, channel partnerships and demand from construction, repair and remodel.