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Reece Limited (ASX:REH)

ALERT: Price-sensitive ASX Announcement for REH
Current share price for REH : $16.280 2.34 (16.79%)+
Announcement
Release
23 Feb 2026 8:00AM
Price at Release
$13.940
Full Release
download
Summary
Reece Limited's HY26 Investor Presentation outlines key financial and operational updates for the half-year ending 31 December 2025. The company reported a sales revenue increase of 6% to $4.6 billion, although EBITDA and EBIT decreased by 6% and 14% respectively. The financial environment remains challenging, with sales growth attributed to network expansion in the ANZ and US markets. The company continues to focus on strategic priorities including digital initiatives and organic branch network expansion, adding 23 new branches across ANZ and the US. Capital management involved a $401 million share buyback, and the company maintains a strong balance sheet to support future growth initiatives, despite some pressure from inflation and residential market constraints.
Key Points
  • Sales revenue increased by 6% to $4.6 billion.
  • EBITDA decreased by 6%, EBIT decreased by 14%.
  • 23 new branches added across ANZ and the US.
  • Focus on digital initiatives and network expansion.
  • Capital management includes a $401 million share buyback.
  • Maintains a strong balance sheet for future growth.
  • Challenging financial environment with inflationary pressures.
  • Residential market constraints impacting construction activity.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.