Cash flow Reece Limited

Equities

REH

AU000000REH4

Construction Supplies & Fixtures

Market Closed - Australian S.E. Other stock markets 05:10:17 15/12/2025 GMT			5-day change	1st Jan Change
12.63 ^AUD	+0.56%		-0.71%	-43.57%

12-05	Peter Wilson to Step Down from the Board of QBE Insurance Group Limited, Effective December 31, 2025	CI
12-05	The 2025 AGM Season Shows Shareholder Scrutiny, Focus on Board Accountability, Says Jarden	MT

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Published financial data: REECE LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021	2022	2023	2024	2025
Revenues	6.27B	7.65B	8.84B	9.1B	8.98B
Total Revenues	6.27B	7.65B	8.84B	9.1B	8.98B
Cost of Goods Sold, Total	4.51B	5.52B	6.33B	6.5B	6.42B
Gross Profit	1.76B	2.14B	2.51B	2.61B	2.56B
Selling General & Admin Expenses, Total	747M	1.59B	1.85B	1.93B	2.01B
Depreciation & Amortization - (IS)	184M	-	-	-	-
Amortization of Goodwill and Intangible Assets - (IS)	43.24M	-	-	-	-
Other Operating Expenses	304M	-25.21M	-17.2M	-	-3M
Other Operating Expenses, Total	1.28B	1.57B	1.83B	1.93B	2.01B
Operating Income	482M	572M	679M	673M	548M
Interest Expense, Total	-90.39M	-68.36M	-86.26M	-104M	-108M
Interest And Investment Income	2.58M	-	-	12.5M	10.29M
Net Interest Expenses	-87.81M	-68.36M	-86.26M	-91.81M	-97.61M
Currency Exchange Gains (Loss)	-21.9M	-447K	-	-	-
Other Non Operating Income (Expenses)	-	-	-	1.46M	-
EBT, Excl. Unusual Items	372M	503M	592M	583M	451M
Merger & Related Restructuring Charges	-172K	-	-	-	-
Impairment of Goodwill	-	-	-28.95M	-	-
Gain (Loss) On Sale Of Assets	8M	6.15M	4.54M	6.58M	-
EBT, Incl. Unusual Items	380M	509M	568M	590M	451M
Income Tax Expense	94.69M	117M	180M	170M	134M
Earnings From Continuing Operations	286M	392M	388M	419M	317M
Net Income to Company	286M	392M	388M	419M	317M
Net Income - (IS)	286M	392M	388M	419M	317M
Net Income to Common Incl Extra Items	286M	392M	388M	419M	317M
Net Income to Common Excl. Extra Items	286M	392M	388M	419M	317M
Per Share Items
Net EPS - Basic	0.44	0.61	0.6	0.65	0.49
Basic EPS - Continuing Operations	0.44	0.61	0.6	0.65	0.49
Basic Weighted Average Shares Outstanding	646M	646M	646M	646M	644M
Net EPS - Diluted	0.44	0.61	0.6	0.65	0.49
Diluted EPS - Continuing Operations	0.44	0.61	0.6	0.65	0.49
Diluted Weighted Average Shares Outstanding	646M	646M	646M	646M	644M
Normalized Basic EPS	0.36	0.49	0.57	0.56	0.44
Normalized Diluted EPS	0.36	0.49	0.57	0.56	0.44
Dividend Per Share	0.18	0.22	0.25	0.26	0.18
Payout Ratio	27.14	32.09	38.33	38.53	49.43
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	610M	707M	826M	828M	713M
EBITA	525M	623M	733M	724M	599M
EBIT	482M	572M	679M	673M	548M
EBITDAR	621M	722M	845M	854M	751M
Total Revenues (As Reported)	6.28B	7.69B	-	-	-
Effective Tax Rate - (Ratio)	24.9	22.95	31.74	28.9	29.66
Total Current Taxes	125M	145M	207M	180M	146M
Total Deferred Taxes	-30.3M	-28.56M	-26.56M	-10.01M	-12.7M
Normalized Net Income	233M	315M	370M	364M	282M
Interest on Long-Term Debt	90.39M	68.36M	86.26M	104M	108M
Supplemental Operating Expense Items
Net Rental Expense, Total	11.7M	14.8M	18.9M	26.1M	37.5M
Imputed Operating Lease Interest Expense	3.71M	4.12M	6.75M	11.48M	17.02M
Imputed Operating Lease Depreciation	7.99M	10.68M	12.15M	14.62M	20.48M
Stock-Based Comp., SG&A Exp. (Total)	616K	-	-	-	-
Stock-Based Comp., Other (Total)	-	1.58M	3.19M	4.7M	807K
Total Stock-Based Compensation	616K	1.58M	3.19M	4.7M	807K

Fiscal Period: June	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	829M	220M	373M	341M	275M
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	829M	220M	373M	341M	275M
Accounts Receivable, Total	981M	1.3B	1.29B	1.3B	1.3B
Other Receivables	44.25M	49.38M	23.17M	36.7M	37.44M
Total Receivables	1.03B	1.34B	1.31B	1.34B	1.34B
Inventory	1.14B	1.53B	1.5B	1.5B	1.62B
Prepaid Expenses	18.82M	23.04M	25.87M	31.51M	38.77M
Other Current Assets, Total	1.03M	6.72M	3.05M	-	-
Total Current Assets	3.01B	3.12B	3.22B	3.21B	3.27B
Gross Property Plant And Equipment	-	-	-	-	-
Accumulated Depreciation	-	-	-	-	-
Net Property Plant And Equipment	1.26B	1.49B	1.59B	1.8B	2.02B
Long-term Investments	14.47M	21.33M	25.42M	22.98M	20.37M
Goodwill	1.37B	1.48B	1.52B	1.52B	1.57B
Other Intangibles, Total	414M	429M	497M	461M	442M
Deferred Tax Assets Long-Term	53.67M	63.87M	72.61M	79.9M	90.25M
Total Assets	6.12B	6.61B	6.92B	7.09B	7.42B
Liabilities
Accounts Payable, Total	688M	854M	786M	875M	923M
Accrued Expenses, Total	74.04M	90.37M	95.99M	101M	1.42M
Current Portion of Long-Term Debt	28.39M	-	-	-	-
Current Portion of Leases	95.93M	119M	131M	136M	149M
Current Income Taxes Payable	32.3M	30.78M	11.44M	560K	2.05M
Other Current Liabilities	340M	366M	396M	367M	435M
Total Current Liabilities	1.26B	1.46B	1.42B	1.48B	1.51B
Long-Term Debt	1.33B	1.09B	1.1B	859M	866M
Long-Term Leases	574M	694M	733M	837M	956M
Pension & Other Post Retirement Benefits	4.96M	4.72M	6.06M	14.2M	10.45M
Deferred Tax Liability Non Current	47.98M	29.62M	23.82M	21.1M	28.9M
Other Non Current Liabilities	14.89M	8.01M	17.54M	-	-
Total Liabilities	3.23B	3.29B	3.3B	3.21B	3.37B
Common Stock, Total	1.25B	1.25B	1.25B	1.25B	1.25B
Retained Earnings	1.68B	1.95B	2.19B	2.44B	2.6B
Comprehensive Income and Other	-39.52M	127M	192M	193M	194M
Total Common Equity	2.89B	3.32B	3.63B	3.88B	4.05B
Total Equity	2.89B	3.32B	3.63B	3.88B	4.05B
Total Liabilities And Equity	6.12B	6.61B	6.92B	7.09B	7.42B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	646M	646M	646M	646M	646M
ECS Total Common Shares Outstanding	646M	646M	646M	646M	646M
Book Value / Share	4.47	5.14	5.61	6.01	6.26
Tangible Book Value	1.11B	1.41B	1.6B	1.9B	2.03B
Tangible Book Value Per Share	1.71	2.19	2.48	2.94	3.14
Total Debt	2.03B	1.9B	1.96B	1.83B	1.97B
Net Debt	1.2B	1.68B	1.59B	1.49B	1.7B
Debt Equivalent Oper. Leases	93.6M	118M	151M	209M	300M
Equity Method Investments, Total	14.47M	21.33M	-	-	-
Account Code - Inventory Valuation	5	6	6	6	6
Inventories - Finished Goods, Total	1.14B	1.59B	1.6B	1.61B	1.75B
Land - (BS)	-	-	-	-	-
Buildings, Total	-	-	-	-	-
Machinery, Total	-	-	-	-	-
Full Time Employees	-	9K	9K	9K	9K
Accumulated Allowance for Doubtful Accounts (Supple)	11.08M	32.6M	49.1M	52.08M	36.2M

Fiscal Period: June	2021	2022	2023	2024	2025
Net Income	286M	392M	388M	419M	317M
Depreciation & Amortization - CF	184M	205M	227M	259M	283M
Amortization of Goodwill and Intangible Assets - (CF)	43.24M	51.27M	54.43M	50.35M	50.48M
Depreciation & Amortization, Total	228M	256M	282M	309M	333M
Amortization of Deferred Charges, Total - (CF)	-	2.25M	8.07M	16.53M	19.31M
(Gain) Loss From Sale Of Asset	-8M	-6.15M	-4.54M	-6.58M	-1.96M
Asset Writedown & Restructuring Costs	-	-	28.95M	-	-
(Income) Loss On Equity Investments - (CF)	-	-	3.57M	3.84M	4.23M
Stock-Based Compensation (CF)	616K	1.58M	3.19M	4.7M	807K
Other Operating Activities, Total	46.98M	-1.33M	-441K	-210K	1.41M
Change In Accounts Receivable	-165M	-256M	48.6M	-35.28M	28.68M
Change In Inventories	-206M	-319M	86.15M	7.86M	-87.32M
Change In Accounts Payable	215M	163M	-63.43M	59.41M	378K
Change In Income Taxes	-2.41M	4.25M	7.87M	-15.94M	249K
Change In Deferred Taxes	-22.34M	-29.94M	-27.67M	-9.93M	-12.88M
Change in Other Net Operating Assets	-	14.46M	6.63M	-1.54M	-3.07M
Cash from Operations	372M	222M	766M	751M	600M
Capital Expenditure	-69.61M	-184M	-152M	-236M	-242M
Sale of Property, Plant, and Equipment	16.97M	12.18M	13.85M	15.91M	9.02M
Cash Acquisitions	-12.25M	-93.06M	-146M	-1.9M	-93.14M
Sale (Purchase) of Intangible assets	-3.03M	-15.87M	-25.81M	-21.66M	-16.49M
Cash from Investing	-67.92M	-281M	-310M	-244M	-342M
Long-Term Debt Issued, Total	-	1.08B	145M	439M	97.36M
Total Debt Issued	-	1.08B	145M	439M	97.36M
Long-Term Debt Repaid, Total	-385M	-1.53B	-298M	-816M	-242M
Total Debt Repaid	-385M	-1.53B	-298M	-816M	-242M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-5.28M	-	-22.56M
Common Dividends Paid	-77.52M	-126M	-149M	-161M	-157M
Common & Preferred Stock Dividends Paid	-77.52M	-126M	-149M	-161M	-157M
Cash from Financing	-462M	-575M	-307M	-539M	-324M
Foreign Exchange Rate Adjustments	-17.33M	25.37M	2.48M	531K	277K
Net Change in Cash	-176M	-608M	152M	-31.33M	-65.97M
Supplemental Items
Cash Interest Paid	75.28M	63.83M	92.31M	104M	104M
Cash Income Tax Paid (Refund)	119M	144M	200M	194M	146M
Levered Free Cash Flow	306M	-139M	490M	462M	260M
Unlevered Free Cash Flow	362M	-96.28M	544M	527M	328M
Change In Net Working Capital	94.66M	514M	-4.53M	-34.2M	110M
Net Debt Issued / Repaid	-385M	-449M	-153M	-377M	-144M

Fiscal Period: June	2021	2022	2023	2024	2025
Profitability
Return on Assets	4.84	5.62	6.27	6	4.72
Return on Total Capital	5.91	7.05	7.85	7.45	5.84
Return On Equity %	10.13	12.64	11.16	11.16	7.99
Return on Common Equity	10.13	12.64	11.16	11.16	7.99
Margin Analysis
Gross Profit Margin %	28.09	27.95	28.36	28.62	28.49
SG&A Margin	11.92	20.8	20.88	21.22	22.42
EBITDA Margin %	9.72	9.24	9.34	9.09	7.94
EBITA Margin %	8.38	8.14	8.29	7.95	6.67
EBIT Margin %	7.69	7.47	7.68	7.4	6.11
Income From Continuing Operations Margin %	4.55	5.13	4.38	4.6	3.53
Net Income Margin %	4.55	5.13	4.38	4.6	3.53
Net Avail. For Common Margin %	4.55	5.13	4.38	4.6	3.53
Normalized Net Income Margin	3.71	4.11	4.19	4	3.14
Levered Free Cash Flow Margin	4.88	-1.82	5.55	5.07	2.9
Unlevered Free Cash Flow Margin	5.78	-1.26	6.16	5.79	3.65
Asset Turnover
Asset Turnover	1.01	1.2	1.31	1.3	1.24
Fixed Assets Turnover	4.82	5.57	5.74	5.37	4.7
Receivables Turnover (Average Receivables)	6.78	6.73	6.84	7.03	6.9
Inventory Turnover (Average Inventory)	4.28	4.14	4.18	4.33	4.12
Short Term Liquidity
Current Ratio	2.39	2.14	2.27	2.17	2.16
Quick Ratio	1.47	1.07	1.19	1.14	1.07
Operating Cash Flow to Current Liabilities	0.3	0.15	0.54	0.51	0.4
Days Sales Outstanding (Average Receivables)	53.85	54.27	53.36	52.07	52.88
Days Outstanding Inventory (Average Inventory)	85.22	88.24	87.41	84.51	88.5
Average Days Payable Outstanding	49.93	47.66	47.44	46.83	50.17
Cash Conversion Cycle (Average Days)	89.14	94.84	93.33	89.75	91.21
Long Term Solvency
Total Debt/Equity	70.21	57.3	54.11	47.17	48.73
Total Debt / Total Capital	41.25	36.43	35.11	32.05	32.76
LT Debt/Equity	65.9	53.73	50.49	43.68	45.04
Long-Term Debt / Total Capital	38.72	34.16	32.76	29.68	30.28
Total Liabilities / Total Assets	52.79	49.74	47.64	45.25	45.46
EBIT / Interest Expense	5.33	8.37	7.87	6.46	5.08
EBITDA / Interest Expense	7.85	12.11	11.13	9.42	8.17
(EBITDA - Capex) / Interest Expense	7.08	9.42	9.37	7.15	5.92
Total Debt / EBITDA	2.86	2.3	2.04	1.87	2.24
Net Debt / EBITDA	1.69	2.03	1.65	1.52	1.92
Total Debt / (EBITDA - Capex)	3.17	2.96	2.43	2.46	3.08
Net Debt / (EBITDA - Capex)	1.87	2.61	1.97	2	2.65
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	4.34	22.06	15.49	3	-1.39
Gross Profit, 1 Yr. Growth %	5.4	21.43	17.19	3.47	-1.82
EBITDA, 1 Yr. Growth %	-5.1	15.51	16.83	2.32	-14.64
EBITA, 1 Yr. Growth %	15.78	18.1	17.59	1.11	-18.18
EBIT, 1 Yr. Growth %	17.59	18.05	18.61	1.82	-19.55
Earnings From Cont. Operations, 1 Yr. Growth %	24.71	37.43	-1.24	8.14	-24.39
Net Income, 1 Yr. Growth %	24.71	37.43	-1.24	8.14	-24.39
Normalized Net Income, 1 Yr. Growth %	18.46	35.18	17.68	-1.56	-23.57
Diluted EPS Before Extra, 1 Yr. Growth %	10.31	38.09	-1.25	8.19	-24.52
Accounts Receivable, 1 Yr. Growth %	12.86	32.02	-0.44	0.91	-0.06
Inventory, 1 Yr. Growth %	17.63	34.29	-1.54	-0.57	8.07
Net Property, Plant and Equip., 1 Yr. Growth %	-6.44	18.75	6.25	13.58	12.24
Total Assets, 1 Yr. Growth %	-3.56	8	4.79	2.46	4.55
Tangible Book Value, 1 Yr. Growth %	42.18	27.73	13.43	18.47	6.78
Common Equity, 1 Yr. Growth %	5.03	14.98	9.17	7.14	4.15
Cash From Operations, 1 Yr. Growth %	-38.16	-36.98	245.55	-2.02	-20.13
Capital Expenditures, 1 Yr. Growth %	-16.47	164.67	-17.68	55.81	2.36
Levered Free Cash Flow, 1 Yr. Growth %	-27.14	-145.1	-452.73	-2.91	-44.26
Unlevered Free Cash Flow, 1 Yr. Growth %	-25.91	-126.4	-665.24	-1.18	-38.41
Dividend Per Share, 1 Yr. Growth %	50	25	11.11	3	-28.7
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	7.13	12.85	18.73	9.07	0.78
Gross Profit, 2 Yr. CAGR %	7.04	13.13	19.29	10.37	0.79
EBITDA, 2 Yr. CAGR %	9.79	4.91	16.17	8.19	-6.09
EBITA, 2 Yr. CAGR %	11.73	17.2	17.84	7.75	-8.54
EBIT, 2 Yr. CAGR %	12.99	18.12	18.33	8.49	-8.95
Earnings From Cont. Operations, 2 Yr. CAGR %	18.88	30.92	16.5	3.34	-9.57
Net Income, 2 Yr. CAGR %	18.88	30.92	16.5	3.34	-9.57
Normalized Net Income, 2 Yr. CAGR %	7.89	26.51	26.13	7.63	-12.77
Diluted EPS Before Extra, 2 Yr. CAGR %	10.55	23.42	16.77	3.36	-9.63
Accounts Receivable, 2 Yr. CAGR %	10.62	22.06	14.65	0.23	0.42
Inventory, 2 Yr. CAGR %	9.13	25.69	14.99	-1.05	3.66
Net Property, Plant and Equip., 2 Yr. CAGR %	37.6	5.41	12.33	9.86	12.91
Total Assets, 2 Yr. CAGR %	16.94	2.06	6.38	3.62	3.5
Tangible Book Value, 2 Yr. CAGR %	124.67	34.76	20.37	15.92	12.47
Common Equity, 2 Yr. CAGR %	20.42	9.89	12.04	8.15	5.63
Cash From Operations, 2 Yr. CAGR %	20.85	-39.25	47.57	84	-11.53
Capital Expenditures, 2 Yr. CAGR %	-16.23	48.69	47.61	13.26	26.29
Levered Free Cash Flow, 2 Yr. CAGR %	-5.68	-42.44	26.13	82.3	-26.03
Unlevered Free Cash Flow, 2 Yr. CAGR %	11.45	-55.62	22.16	134	-21.61
Dividend Per Share, 2 Yr. CAGR %	-5.72	36.93	17.85	6.98	-14.3
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	32.62	11.89	13.72	13.24	5.46
Gross Profit, 3 Yr. CAGR %	25.6	11.64	14.47	13.94	6.15
EBITDA, 3 Yr. CAGR %	17.44	11.82	8.74	10.58	0.3
EBITA, 3 Yr. CAGR %	17.66	13.99	17.33	11.1	-1.34
EBIT, 3 Yr. CAGR %	14.34	14.84	18.28	11.59	-1.41
Earnings From Cont. Operations, 3 Yr. CAGR %	8.33	24.76	19.18	13.64	-6.88
Net Income, 3 Yr. CAGR %	8.33	24.76	19.18	13.64	-6.88
Normalized Net Income, 3 Yr. CAGR %	5.25	16.3	23.5	16.13	-3.62
Diluted EPS Before Extra, 3 Yr. CAGR %	-0.47	19.06	14.58	13.84	-6.92
Accounts Receivable, 3 Yr. CAGR %	36.13	17.34	14.05	9.87	0.13
Inventory, 3 Yr. CAGR %	28.17	16.94	15.86	9.55	1.9
Net Property, Plant and Equip., 3 Yr. CAGR %	30.27	31	5.69	12.75	10.64
Total Assets, 3 Yr. CAGR %	38.07	13.88	2.96	5.06	3.93
Tangible Book Value, 3 Yr. CAGR %	-12.53	86.12	27.24	19.73	12.79
Common Equity, 3 Yr. CAGR %	15.37	18.58	9.65	10.38	6.8
Cash From Operations, 3 Yr. CAGR %	27.12	-4.48	8.44	28.74	39.32
Capital Expenditures, 3 Yr. CAGR %	-7.6	22.92	22.1	50.29	9.5
Levered Free Cash Flow, 3 Yr. CAGR %	91.19	-26.05	5.33	14.44	23.26
Unlevered Free Cash Flow, 3 Yr. CAGR %	97.68	-30.88	3.64	13.07	50.43
Dividend Per Share, 3 Yr. CAGR %	-3.85	3.57	27.72	12.68	-6.55
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	22.47	25.8	26.88	10.75	8.36
Gross Profit, 5 Yr. CAGR %	18.34	21.43	23.04	11.13	8.89
EBITDA, 5 Yr. CAGR %	12.88	14.56	17.02	10.35	2.12
EBITA, 5 Yr. CAGR %	12.92	15.11	17.84	11.45	5.7
EBIT, 5 Yr. CAGR %	11	13.15	16.04	12.26	5.98
Earnings From Cont. Operations, 5 Yr. CAGR %	8.24	13.13	11.53	15.71	6.72
Net Income, 5 Yr. CAGR %	8.24	13.13	11.53	15.71	6.72
Normalized Net Income, 5 Yr. CAGR %	5.96	10.64	13.14	12.75	7.46
Diluted EPS Before Extra, 5 Yr. CAGR %	2.65	7.4	6.1	12.51	4.2
Accounts Receivable, 5 Yr. CAGR %	25.08	30.1	27.09	10.17	8.39
Inventory, 5 Yr. CAGR %	22.9	27.31	22.72	9.38	10.82
Net Property, Plant and Equip., 5 Yr. CAGR %	20.25	23.06	22.77	22.1	8.52
Total Assets, 5 Yr. CAGR %	30.91	31.38	24.4	9.66	3.18
Tangible Book Value, 5 Yr. CAGR %	5.69	8.22	-0.62	54.01	21.11
Common Equity, 5 Yr. CAGR %	22.64	23.45	14.03	14.29	8.03
Cash From Operations, 5 Yr. CAGR %	14.32	0.64	33.47	24.16	-0.04
Capital Expenditures, 5 Yr. CAGR %	1.22	14.19	11.44	18.96	23.76
Levered Free Cash Flow, 5 Yr. CAGR %	20.85	6.04	62.15	6.1	-9.1
Unlevered Free Cash Flow, 5 Yr. CAGR %	24.03	-2.15	63.28	12.57	-7.68
Dividend Per Share, 5 Yr. CAGR %	-0.44	2.38	4.3	4.92	8.88