FY26 Results Announcement

Key points

• Sales revenue up 4.5% to $9,378m
• EBITDA flat at $901m
• NPAT down 2.8% to $308m
• Final dividend of 13.40 cents per share
• Solid pipeline of activity in ANZ for FY27

Full summary

Reece Ltd announced its FY26 financial results, showing a 4.5% increase in sales revenue to $9,378 million, with EBITDA remaining flat at $901 million. However, net profit after tax (NPAT) decreased by 2.8% to $308 million. The company declared a final dividend of 13.40 cents per share, fully franked. The ANZ region saw higher volumes and improved performance, while the US region faced challenges due to weak residential housing markets. Looking ahead, the company expects solid momentum in ANZ for FY27, with more modest growth anticipated in the US.

Guidance

FY26: Sales revenue $9,378m, EBITDA $901m, NPAT $308m

Outlook

Solid momentum expected in ANZ for FY27, with modest growth anticipated in the US due to residential housing challenges.