US Tariff Update

04 July 2025
US Tariff Update
The United States (US) have continued to review tariffs imposed on global trading partners, with the
most recent announcement a trade deal with Vietnam.
Skellerup generates around 35% of group revenue from sales in the US market. Approximately 85%
of this revenue comes from products manufactured at our own and partner facilities (in equal
proportions) in each of New Zealand (NZ), China and Vietnam.
Skellerup previously reported that the tariffs announced during April 2025 (and changes subsequent)
would not materially impact results for the year ended 30 June 2025. Skellerup also noted that
tariffs would increase costs in future financial years, although a significant proportion of these costs
would be offset with a combination of continuous improvement activities, pricing and cost initiatives
and expanding in-market manufacturing capability.
CEO Graham Leaming provided an update on the impact of the current tariff situation following
recent announcements. “We will report FY25 results on 21 August 2025 and our guidance for net
profit after tax of $52 to $56 million is unchanged. Over the past three months, we have made
steady progress mitigating the impact of tariffs on our business. Recent announcements appear to
provide greater certainty on tariffs applicable to products manufactured at our global facilities. If the
maximum 20% tariff on Vietnam, the 30% base tariff on China and 10% tariff on NZ hold, we expect
to offset the impact on future earnings with sales growth, pricing, costing and manufacturing
initiatives.”
Skellerup designs, manufactures and distributes essential high-performance polymer-based products
to customers in 80 countries around the world. Our products are trusted across dairy, potable and
wastewater, construction, sport and leisure, electrical, health and medical, automotive and mining
sectors globally. For more information about Skellerup, please visit www.skellerupholdings.com.


For further information, please contact:
Graham Leaming
Chief Executive Officer
021 271 9206

Tim Runnalls
Chief Financial Officer
027 807 5080