EROAD assesses US tariff impact, sets FY25 results date

EROAD Limited (NZX:ERD) has announced that it expects the recently implemented 10% universal global tariffs imposed by the US Government to have a minimal impact on its revenue and earnings. The company generates 44% of its revenue from the US market, with 88% of that revenue coming from services not subject to the new import tariffs. EROAD is exploring options to mitigate the impact on hardware products, including shifting production, refurbishing existing US-based hardware, and adjusting pricing strategies. The company's FY25 financial year, concluding on March 31, 2025, is unaffected by the tariffs. EROAD will release its FY25 results, along with FY26 outlook, on May 26, 2025.