Reece Ltd

REH: XASX (AUS)

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Reece: Modest Same-Store Sales Growth in Australia and New Zealand, but Moderately Down in the US

Esther Holloway

Nov 24, 2025

Reece provided a trading update at its AGM. First-quarter fiscal 2026 EBITDA of AUD 222 million was 8% lower than the prior year due to rising costs led by higher wages and investment in branch growth. These headwinds more than offset 6% higher revenue in constant currency.

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Reece Ltd

Reece: Modest Same-Store Sales Growth in Australia and New Zealand, but Moderately Down in the US

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