Business
Receipt of $2.7m from US Tariff refund claim
Portmeirion Group PLC has received $2.7 million in cleared cash funds from the US Government Treasury as partial payment towards its $3.0 million tariff refund claim, with an additional $0.1 million in interest also paid. This brings the total settlement to 98% of the claim, with the Group expecting the remaining 2% to be resolved. The received funds will be utilized to reduce the Group's net debt, reinforcing its commitment to a strong balance sheet. A further update on trading and transformation plan progress is anticipated in July. Disclaimer*
About this update from Portmeirion Group Plc
30 June 2026 Portmeirion Group PLC ("Portmeirion", the "Group" or "Company") Receipt of $2.7m from US Government Treasury against US Tariff refund claim Payments received settle 98% of total refund claim Portmeirion Group PLC, the global homewares brand group, is pleased to announce that it has received cleared cash funds of $2.7m (c.£2.0m) from the US Government Treasury in partial payment of the $3.0m tariff refund claim submitted by the Group into the US Customs and Border Protection (USCBP) Consolidated Administration and Processing of Entries (CAPE) system. This payment, when combined with a payments totalling $0.3m received in April and May, settles 98% of the total $3.0m (c.£2.3m) claim. In addition, the US Treasury has also paid interest totalling $0.1m. The Group continues to believe 100% of the claim will be settled and will not make a further announcement on this matter. The cash received will be used to reduce the Group's net debt in line with the Group's stated priority to achieve a 'Fortress Balance Sheet'. The Group will provide an update on trading and progress against its transformation plan initiatives in a Half Year update in July. ENDS ENQUIRIES: Portmeirion Group PLC: Via Houston Michael Scheepers, Chief Executive Jonathan Hill, Group Finance Director Houston (PR Adviser) Kate Hoare / Charlie Barker / Polly Clarke +44 (0)7733 032 695 [email protected] Shore Capital (Nominated Adviser and Joint Broker) Patrick Castle / Lucy Bowden - Corporate Advisory Malachy McEntyre / Isobel Jones - Corporate Broking +44 (0) 207 408 4090 NOTES TO EDITORS: Portmeirion Group PLC is a global homewares brand group based in Stoke-on-Trent, England. The Group owns six unrivalled heritage and contemporary brands; Spode, Portmeirion, Royal Worcester, Pimpernel, Wax Lyrical and Nambé. The Group serves markets across the world, with global demand driven by diversified international markets including the key geographies of North America, the UK and South Korea.
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