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REH

Reece

Capital Goods

Reece Limited is a specialist distributor and merchant of plumbing, bathroom, HVAC and related building products, selling primarily to trade customers through a large branch network and supporting logistics capability. The group has a long-established market position in Australia and New Zealand and has expanded into the United States, aiming to replicate its trade-focused service model. Its value proposition centres on product availability, branch convenience, and service to professional installers across residential, commercial and infrastructure end-markets.

Short position

short percentage2.55%
reported shorts15.7M
shares on issue615.092M

Reece (ASX:REH) has 2.55% of its shares on issue reported as short positions as of 5 Oct 2026, or about 15,676,154 shares. Over the past 30 days that figure has risen 0.31 percentage points, and over 90 days it has been broadly flat. Its highest recorded short interest was 3.75% in August 2025. REH is classified in the Capital Goods industry. All figures come from official ASIC short position reports, published with a four trading-day (T+4) delay.

Price & short interest

Toggle series, zoom, and compare · ASIC daily, T+4

Reece (REH) financials

Results, ratios and statements

Latest result

Year to 30 Jun 2026 (FY26) vs FY25, figures in AUD, the reporting currency

Revenue
$9.38Bvs $8.98B (FY25)
Yahoo Finance, as at 29 Sep 2026
NPAT
$308.2Mvs $316.9M (FY25)
Yahoo Finance, as at 29 Sep 2026
EPS (diluted)
$0.49vs $0.49 (FY25)
Yahoo Finance, as at 29 Sep 2026
Rev YoY
+4.5%FY
EPS YoY
+1.0%FY

Key ratios

Year to 30 Jun 2026 (FY); balance sheet at 30 Jun 2026; prices to 9 Oct 2026

Gross margin
28.9%
Operating margin
1.7%
Net margin
3.3%
FCF margin
5.0%
ROE
7.9%
ROA
4.1%
FCF conversion
1.53×
Net debt (excl. leases)
$743.7M
Net debt / EBITDA
0.9×
Current ratio
2.0×
Interest cover
2.4×
Cash dividends paid / net profit
35.7%
Market cap
$10.43B
P/E
34.3×
P/B
2.8×

Ratios use the reporting currency (AUD); market cap is in AUD. Source: Yahoo Finance, as at 29 Sep 2026.

Financial statements

Figures in AUD, the reporting currency; Yahoo Finance unless marked

REH income, newest period first, figures in AUD
Line itemFY26FY25FY24FY23
Revenue$9.38B$8.98B$9.10B$8.84B
Gross profit$2.71B$2.56B$2.61B$2.51B
Operating income$160.5M$192.9M$347.9M$371.4M
EBITDA$850.1M$863.3M$1.01B$912.4M
EBIT$482.9M$511.0M$681.4M$622.5M
Interest expense$66.4M$60.4M$91.8M$54.7M
Pretax income$416.4M$450.6M$589.6M$567.8M
Tax$108.3M$133.7M$170.4M$180.2M
NPAT$308.2M$316.9M$419.2M$387.6M
Net interest income−$117.3M−$97.6M−$114.7M−$86.3M
EPS basic$0.49$0.49$0.65$0.60
EPS diluted$0.49$0.49$0.65$0.60
Shares615.1M646.0M646.0M646.0M