Highlights

  • FY26 sales Revenue increased 4.5% to AUD 9.4 billion.
  • EBITDA was AUD 901 million, broadly unchanged, while EBIT decreased 2.6% to AUD 534 million.
  • Earnings per share increased 0.7% to 49.5 cents.

Reece Limited (ASX:REH) was trading at AUD 15.65, down 8.64% at the 28 October 2026 quotation. The company’s reported results and operating disclosures cover the financial performance, Business activities and other corporate measures described below.

Revenue, profit and returns

Reece reported FY26 sales revenue of AUD 9.4 billion, up 4.5% on the prior corresponding period. EBITDA was AUD 901 million, broadly unchanged, while EBIT decreased 2.6% to AUD 534 million. Earnings Per Share increased 0.7% to 49.5 cents. Return on Capital was 11.9%, five basis points higher than the comparative period. Reece declared total fully franked dividends of 18.84 cents per share for the financial year.

Australia and New Zealand operations

Reece described a recovery in Australia and New Zealand volumes during FY26. The group operates a network supplying plumbing, bathroom, waterworks and other trade products. Its results presentation reported 678 branches across the Australia and New Zealand network and described Investment in its branch and showroom operations. The company also outlined expenditure on digital tools and artificial-intelligence initiatives related to Customer Service and branch operations.

US construction trading environment

The results presentation characterised United States trading conditions as softer, reflecting weak residential construction activity. Reece’s US business serves trade customers across a distribution network. Management discussed the varying operating conditions in the two regions rather than presenting the FY26 group result as uniform across markets. The group also described ongoing activities intended to improve operational efficiency and maintain its service offering through economic and construction cycles.

Operating priorities and business framework

Reece’s presentation set out a 2030 vision of becoming its trade customers’ most valuable partner. Its operating framework covered operational excellence, innovation and investment for profitable growth. The presentation also identified customer service, product quality, relationships and technical expertise as elements of its customer proposition. These are stated strategic priorities; the achieved FY26 sales, earnings, return-on-capital and dividend figures are separate reported financial outcomes.