Reece Ltd

REH: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Reece Earnings: Downgrading our Australian Outlook as Competition Intensifies

Esther Holloway

Aug 26, 2025

Reece's fiscal 2025 EBIT of AUD 548 million was 20% lower than the prior year. Revenue was flat at AUD 9 billion, including contributions from 4% more branches in its Australia, New Zealand, and US locations. Shares fell about 16% on the day.

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Reece Ltd

Reece Earnings: Downgrading our Australian Outlook as Competition Intensifies

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