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Reece Limited (ASX:REH)

ALERT: Price-sensitive ASX Announcement for REH
Current share price for REH : $15.830 5.08 (47.26%)+
Announcement
Release
21 Nov 2025 9:38AM
Price at Release
$10.750
Full Release
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Summary
Reece Limited's Q1 FY26 trading update shows an 8% increase in sales revenue to A$2,407 million, driven by network expansion, despite a challenging market environment with subdued housing markets and elevated costs. The company added 15 new branches, with a focus on long-term investment to strengthen its business. EBITDA fell by 8% to $222 million, and EBIT declined by 18% due to higher depreciation and amortization. A successful off-market share buyback was completed, returning $365 million to shareholders, funded through cash and debt, with anticipated gross interest expenses between $65 million and $75 million for FY26.
Key Points
  • Sales revenue increased by 8% to A$2,407 million.
  • Network expansion contributed to revenue growth.
  • EBITDA decreased by 8% to $222 million.
  • EBIT fell by 18% due to higher depreciation and amortization.
  • 15 new branches added in Q1 FY26.
  • Successful off-market share buyback totaling $365 million.
  • Anticipated gross interest expenses of $65 million to $75 million 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.