Reece Limited (ASX: REH) - Financials

Current share price for REH : $16.250 0.22 (1.37%)⁺

Reece Limited (REH) is an ASX-listed company and is held by a number of exchange traded funds (ETFs). It is a supplier of plumbing, bathroom, heating, ventilation, air conditioning, waterworks and refrigeration products to customers in the trade, retail, commercial and infrastructure markets. It has over 900 branches in Australia, New Zealand and the United States.

REH Per Share

Year to Jun	Sales	Cashflow	Earnings	Dividends	Franking	Book Value	Average Annual P/E	Relative P/E	Shareholder Return
2026	$15.10	103.7 ¢	49.5 ¢	18.8 ¢	100%	$6.09	26.8	153.1%	21.8%
2025	$13.90	93.1 ¢	49.2 ¢	18.4 ¢	100%	$6.26	44.7	320.2%	-42.3%
2024	$14.10	116.4 ¢	65 ¢	25.8 ¢	100%	$6.30	34.4	248.9%	37.2%

REH Capital Structure

Total Debt	Interest	Long Term Debt	Percent Debt	Preferred Stock	Share Equity	Percent Equity
$2,253,191	$122,917	$2,079,962	36%	$0.00	$3,748,385	64%

Note: All dollars in thousands ('000) for the table above

REH Historical Financials

	2026	2025	2024
Revenue ($M)	9,378.4	8,978.4	9,104.8
Operating Margin (%)	9.6	10	11.3
Depreciation ($M)	-288.8	-282.5	-258.5
Amortisation ($M)	-78	-70	-67
Net Profit Before Abs ($M)	308.2	316.9	419.2
Net Profit After Abs ($M)	308.2	316.9	419.2
Income Tax Rate (%)	26	29.7	28.9
Net Profit Margin (%)	3.3	3.5	4.6
Employees ($T)	9	9	9
Long Term Debt ($M)	2,080	1,821.9	1,696.4
Shareholders Equity ($M)	3,748.4	4,045.3	4,072.5
Return on Capital (%)	7	7	9
Return on Equity (%)	8.2	7.8	10.3
Payout Ratio (%)	38	37	40

REH Cashflow

	2026	2025	2024
Customer Receipts ($M)	9,886	9,688	9,737
Net Operating Cashflow ($M)	645.2	599.8	750.9
Net Investing Cashflow ($M)	-157	-342	-244
Net Financing Cashflow ($M)	-433	-324	-677

REH Market & Earnings

	2026	2025	2024
Market Cap ($M)	10,598	9,270	16,259
Net Gearing (%)	51.4	41.9	28.2
Net Interest Cover (%)	4.55	5.62	6.14
Dividend Yield (%)	1.1	1.3	1
NTA Per Share ($)	3.06	3.14	0.8
EBITDA ($M)	900.9	900.5	1,029.7
EBIT ($M)	533.7	548.2	704.3
EBT Before Abs ($M)	416.4	450.6	589.6

REH Balance Sheet

	2026	2025	2024
Cash ($M)	327.7	275.4	682.4
Debtors ($M)	1,441	1,300	1,317
Other Debtors ($M)	36.7	37.4	36.7
Prepayments ($M)	51.4	38.8	31.5
Inventories ($M)	1,718	1,617	2,993
Current Investments ($M)	1.75
Other Current Assets ($M)
Total Current Assets ($M)	3,576	3,269	5,061
Receivables ($M)
Inventories ($M)
Property, Plant & Equipment ($M)	2,100	2,022	2,148
Accumulated Depreciation ($M)
Intangibles ex. Goodwill ($M)	359.4	442	2,033
Goodwill ($M)	1,508	1,574	1,522
Future Income Tax Benefit ($M)	114.5	90.3	79.9
Non-Current Investments ($M)	17	20.4	23
Other Non-Current Assets ($M)
Total Non-Current Assets ($M)	4,098	4,148	5,806
Total Assets ($M)	7,675	7,417	10,867
Accounts Payable ($M)	1,475	1,257	1,606
Provisions ($M)	159.3	104.2	203.3
Short Term Debt ($M)	173.2	149.3	135.8
Other Current Liabilities ($M)
Total Current Liabilities ($M)	1,808	1,511	1,945
Creditors ($M)
Long Term Debt ($M)	2,080	1,822	1,696
Provisions ($M)	38.3	39.4	49.5
Other Non-Current Liabilities ($M)
Total Non-Current Liabilities ($M)	2,118	1,861	1,746
Total Liabilities ($M)	3,926	3,372	3,691
Share Capital ($M)	1,157	1,247	1,247
Reserves ex. Share Premium ($M)	-211.1	194.2	381.7
Share Premium Reserve ($M)
Retained Profits ($M)	2,802	2,604	2,444
Other Shareholders Equity ($M)
Convertible Equity ($M)
Outside Equity Interest ($M)
Total Shareholders Equity ($M)	3,748	4,045	4,072

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