• Net Sales up 14.8% to $676.5 million
• Adjusted EBITDA up 15.2% to $143.8 million
• Adjusted NPAT up 12.3% to $76.0 million

Reliance Worldwide Corporation Ltd (RWC) has reported strong interim results for the six months ended 31 December 2024, with net sales up 14.8% to $676.5 million and adjusted net profit after tax (NPAT) up 12.3% to $76.0 million. The results reflect the full period contribution from the Holman acquisition completed in March 2024, as well as ongoing cost savings initiatives. Adjusted EBITDA increased 15.2% to $143.8 million, with an operating margin of 21.3%. The company generated strong cash flows, enabling a reduction in net debt and leverage. RWC declared a total distribution of 5.0 cents per share, comprising an unfranked interim dividend and an on-market share buyback. The company expects full-year group external sales to be up by mid-single digit percentage points, with an improvement in consolidated EBITDA margin through cost reduction and efficiency measures.

For the full 2025 financial year, RWC expects group external sales to be up by mid-single digit percentage points relative to FY24. Excluding the impact of Holman and Supply Smart, full year group external sales are expected to be broadly flat, within a range of up or down by low single digit percentage points, relative to FY24. RWC is targeting an improvement in consolidated EBITDA margin (excluding Holman) through cost reduction and efficiency measures.

RWC expects operating cash flow conversion in FY25 to be above 90%, consistent with the company's long-term target.