Reliance Worldwide reports 13.5% profit jump despite challenging markets

Reliance Worldwide Corporation reported net sales rose 5.5% to $1.31bn and net profit jumped 13.5% to $125m for FY25.

The company declared a final distribution of 5 cents per share, comprising a 2.5 cents dividend and $19.4m share buyback. Net debt fell $90m, reducing leverage to 1.30 times.