• Closure of Melbourne brass manufacturing sites
• Expected annual uplift of US$9 million by FY27
• Expected one-off net charge of US$100-110 million in FY26

Reliance Worldwide Corporation Ltd (RWC) has announced the closure of its brass casting, forging, and machining operations in Melbourne, Australia, as part of its ongoing manufacturing footprint rationalisation. This decision follows a sustained decline in brass production volumes, making continued operations economically unviable. The closures are expected to deliver net financial benefits from FY27. RWC anticipates a one-off net charge of US$100-110 million in FY26, including provisions for redundancies, property exit costs, asset write-downs, and impairment of intangible assets. Despite an expected adverse operating earnings impact of US$9 million for the APAC region from FY27, RWC anticipates a net annual EBITDA benefit of approximately US$9 million across the group.

Expected annual uplift of US$9 million by FY27, one-off net charge of US$100-110 million in FY26

RWC expects net annual EBITDA benefit of approximately US$9 million by the end of FY27.