Reece Posts Lower Fiscal H1 Earnings, Higher Revenue

MT Newswires Live

Feb 23

Reece (ASX:REH) reported Monday fiscal first-half earnings of AU$0.23 per share, down from AU$0.28 a year earlier.

Analysts polled by FactSet expected earnings of AU$0.22.

Revenue for the six months ended Dec. 31, 2025, was AU$4.65 billion, compared with AU$4.4 billion a year earlier. Analysts surveyed by FactSet expected AU$4.69 billion.

The company expects group earnings before interest and taxes for fiscal 2026 to be in the range of AU$520 million to AU$540 million, remaining cautious on the recovery pace and seeing no material demand uplift for the rest of the year.

The board declared an interim dividend of AU$0.0544 per share, down from AU$0.065 a year earlier, payable April 1 to shareholders on record as of March 18.

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