Reliance Worldwide posts $1.31bn FY revenue, skips final distribution and suspends buyback
Reliance Worldwide reported FY revenue of $1,305.6 million and net income of $6.3 million, but will not pay a final FY2026 distribution and has suspended its second buy-back after receiving a Brookfield proposal.
RWC.AX
Reliance Worldwide reported full-year revenue of $1,305.6 million and net income of $6.3 million.
The company said it has determined not to declare or pay a final distribution for FY2026 following receipt of a Brookfield proposal. Its second buy-back is now suspended.
Key figures from the announcement:
- FY revenue: $1,305.6 million
- FY net income: $6.3 million
- Final FY2026 distribution: not declared or paid
- Second buy-back: suspended
Source: First Squawk