Reece Limited (ASX:REH)

ALERT: Price-sensitive ASX Announcement for REH

Current share price for REH : $15.980 2.04 (14.63%)⁺

Announcement

HY26 Results Announcement

Release

23 Feb 2026 8:00AM

Price at Release

$13.940

Full Release

Summary

Reece Limited announced its HY26 financial results, reporting a 6% increase in sales revenue to $4,648 million, despite challenges in the housing markets affecting demand. EBITDA declined by 6% to $448 million, while EBIT and NPAT fell by 14% and 20% respectively. The company attributed these declines to elevated costs from network expansion and strategic investments. The capex to sales ratio was maintained at 1.8%, supporting growth initiatives. Reece executed on its strategic priorities, focusing on operational excellence and innovation. In the ANZ region, sales grew modestly, and in the US, despite increased sales revenue, operational costs impacted earnings. The company remains cautious regarding demand recovery in FY26 and has returned $401 million to shareholders through buybacks.

Key Points

Sales revenue increased by 6% to $4,648 million.
EBITDA declined by 6% to $448 million.
EBIT fell by 14% to $262 million.
NPAT decreased by 20% to $144 million.
Capex to sales ratio remained at 1.8%.
Surplus capital of $401 million returned to shareholders via buybacks.
Strategic focus areas include operational excellence and innovation.
ANZ sales grew by 4%, with mixed performance across states.
US sales increased by 6%, but costs impacted profitability.
Cautious outlook on demand recovery for FY26.

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.