US Tariffs

4 April 2025 – Rakon Limited (NZX:RAK) advises that it does not anticipate a material impact from the US tariffs announced yesterday on its full year results for the 2025 financial year, which ended 31 March 2025.

The company is currently working to fully understand how the new US tariffs will be implemented and the implications for its business.

Rakon generates approximately 15-20% of its revenue from direct US sales. For its products directly shipped to customers in the US, Rakon currently manufactures approximately 85% in New Zealand, 12% in France, and 3% in India. The newly announced US tariffs for products originating from each of these locations is 10% (New Zealand), 20% (France / EU) and 26% (India).

Rakon is seeking further clarity on both implementation and possible exemptions for the new tariffs, as well as monitoring the impact on customers, vendors and competitors. It will update shareholders as it learns more.

The company notes that disruption of this scale also brings potential opportunities. As a nimble Kiwi innovator with a global operational footprint and leading technology, Rakon is well-positioned to optimise its manufacturing and adapt to the changing conditions.

ENDS

Investor and media relations
Nick Laurent
[email protected]
+64 21 240 7541

About Rakon

Rakon’s products help people to connect, explore and innovate. They are the ‘heartbeat’ for electronic systems, delivering fast, precise and stable timing in everything from mobile networks and autonomous vehicles to satellite constellations and AI data centres. Whether connecting to a 5G tower or to a rover exploring Mars, our technology is relied on to deliver the highest performance in even the most extreme conditions. Thanks to our constant drive to innovate, we continue to empower our customers to create the next-generation of life-transforming technologies. For more information, visit www.rakon.com.

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