Reliance Worldwide maintains FY26 earnings guidance after lodging refund on US tariffs

The news: Reliance Worldwide has reaffirmed its FY26 guidance, noting all key metrics, including the group outlook, net tariffs impact, cashflow conversion, capital expenditure, net interest and cost savings, are expected to remain unchanged.

The context: Since reporting half-year results, Reliance had lodged a claim via the US federal refund portal on 20 April to recover the International Emergency Economic Powers Act (IEPPA) tariffs, after having previously paid a proposed 10% import levy.

While exact recoverable amounts are not yet identified, the company has reaffirmed its estimate for the tariff impact on earnings before interest and tax to remain unchanged.

However, the total full-year net cost impact is now expected to be at the lower end of the previous estimate of USD25 million ($34.7 million) to USD30 million.