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Why Did Reece’s EBIT Plunge 20% Despite Expanding Its Branch Network?
10:19pm on Friday 29th of August, 2025 AEST
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Why Did Reece’s EBIT Plunge 20% Despite Expanding Its Branch Network?
10:19pm on Friday 29th of August, 2025 AEST
Key Points
Sales revenue declined 1% to $8.978 billion
EBIT fell 20% to $548 million, EPS down 24%
Expanded branch network by 39 locations and completed three bolt-on acquisitions
Net debt increased to $590 million with leverage rising to 0.8x
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Reece (ASX:REH)
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