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Reece Limited (ASX:REH)

ALERT: Price-sensitive ASX Announcement for REH
Current share price for REH : $15.715 4.965 (46.19%)+
Announcement
Release
21 Nov 2025 9:43AM
Price at Release
$10.750
Full Release
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Summary
During the 2025 Annual General Meeting, Reece Limited reported an 8% sales growth for Q1 FY26 due to network expansion, despite a challenging economic environment. For FY25, Reece recorded a revenue of $9 billion, with EBITDA down by 11% to $901 million and EBIT down by 20% at $548 million, attributed to higher depreciation and amortisation costs. The company expanded its branch network by adding 15 new branches in Q1 FY26. Reece executed a $365 million share buyback, emphasizing its strategy of maintaining a strong balance sheet and returning capital to shareholders. Despite the softer earnings, Reece remains focused on its long-term strategic priorities, intending to be the trade industry's most valuable partner by 2030.
Key Points
  • Reece Group experienced an 8% sales growth in Q1 FY26 driven by network expansion.
  • FY25 revenue was $9 billion, down 1% compared to the previous period.
  • EBITDA for FY25 was $901 million, a decrease of 11% year-over-year.
  • EBIT for FY25 was $548 million, down 20% due to increased depreciation and amortisation expenses.
  • Reece opened 15 new branches in Q1 FY26, with 5 in ANZ and 10 in the US.
  • The company executed a $365 million share buyback, representing 4.3% of shares on issue.
  • Reece's strategic priorities include operational excellence, accelerating innovation, and investing for profitable growth.
  • The company focuses on maintaining a strong balance sheet and providing returns to shareholders.
  • Reece aims to be the most valuable partner in the trade industry by 2030.
  • The Board declared a total dividend of 18.36 cents per share for FY25.
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.