InvestSMART

Reece Limited (ASX:REH)

ALERT: Price-sensitive ASX Announcement for REH
Current share price for REH : $16.560 0.02 (0.12%)+
Announcement
Release
24 Aug 2026 7:56AM
Price at Release
$16.540
Full Release
download
Summary
Reece Limited, a leading distributor of plumbing, waterworks, and HVAC-R products, reported a 4.5% increase in sales revenue to $9,378 million for the year ending 30 June 2026. While EBITDA remained flat, EBIT and NPAT saw slight declines of 2.6% and 2.8%, respectively. The company declared a fully franked final dividend of 13.40 cents per share. The US region showed growth in sales despite challenges in the residential construction market, while the ANZ region benefited from higher volumes. Reece continued to invest in its network expansion, digital transformation, and employee development, resulting in an increase in net debt to $744 million. The company remains focused on operational excellence and long-term growth strategies.
Key Points
  • Reece Limited's revenue from the sale of goods increased by 4.5% to $9,378 million for the year ended 30 June 2026.
  • EBITDA remained flat at $900.931 million, while EBIT decreased by 2.6% to $533.695 million.
  • Net profit after tax (NPAT) decreased by 2.8% to $308.155 million.
  • The final dividend declared is 13.40 cents per share, fully franked, bringing total dividends for the year to 18.84 cents per share.
  • No material business combinations occurred during the financial year.
  • The US region saw a 6.5% increase in sales revenue due to network expansion, but faced challenges in the residential construction sector.
  • ANZ region sales revenue increased by 8.3% driven by higher volumes; EBITDA in ANZ rose by 7.3%.
  • Reece continued to invest in digital and technological transformation initiatives and employee development.
  • Net debt rose to $744 million, primarily due to investments in growth and share buyback programs.
  • The company is well-capitalized with a net leverage ratio of 1.0x and continues to focus on operational excellence and innovation.
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.