
Reece
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
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+4Reece (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
| Line item | FY26 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| 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 |
| Shares | 615.1M | 646.0M | 646.0M | 646.0M |
Financial reports
The company's own filings, newest first
- Annual Report to shareholdersAnnual Report24 Aug 2026via asx_announcements
- Preliminary Final ReportAnnual Results24 Aug 2026via asx_announcements
- Half Yearly Report and AccountsHalf Year Results23 Feb 2026via asx_announcements
- Annual Report to shareholdersAnnual Report25 Aug 2025via asx_announcements
- Preliminary Final ReportAnnual Results25 Aug 2025via asx_announcements
- Half Yearly Report and AccountsHalf Year Results24 Feb 2025via asx_announcements
- FY24 Annual ReportAnnual Report22 Aug 2024via asx_announcements
- Preliminary Final ReportAnnual Results19 Aug 2024via asx_announcements
- Half Yearly Report and AccountsHalf Year Results27 Feb 2024via asx_announcements