Reece Group Announces HY26 Results Amid Challenging Market Conditions
- brg_news_room
- Feb 22
- 1 min read
Australia: Reece Group has reported its results for the first half of the 2026 financial year, reflecting housing market conditions across its operating regions. Group sales revenue increased by 6 per cent to AUD 4,648 million (USD 3,068 million), compared with AUD 4,402 million (USD 2,905 million) in the corresponding period of the previous year, supported by network expansion. On a like-for-like basis, sales were unchanged. On a constant currency basis, sales rose by 5 per cent to AUD 4,637 million (USD 3,061 million).
In the ANZ region, sales revenue increased by 4 per cent to AUD 2,062 million (USD 1,361 million), compared with AUD 1,980 million (USD 1,307 million) in the previous year, with underlying volumes varying across states. In the US region, sales revenue rose by 6 per cent to USD 1,696 million (USD 1,696 million), compared with USD 1,596 million (USD 1,596 million) in the prior period, supported by network growth. On a like-for-like basis, US sales declined by low single digits, reflecting demand conditions in the residential new construction sector. In Australian dollar terms, US sales increased by 7 per cent over the period.
Source: Reece Newsroom
