Reece boosts share buyback program to A$85m

Reece Limited announced on December 22, 2025, an increase in its on-market buyback program from up to A$35 million to up to A$85 million of fully paid ordinary shares. The expanded buyback will be funded from existing cash reserves and debt facilities, reflecting a disciplined approach to capital management. The buyback commenced on December 12, 2025, and is expected to continue for up to 12 months, with the actual number of shares purchased dependent on market conditions and share price.

As of the close of business on Friday, December 19, 2025, Reece had purchased 2,741,795 ordinary shares under the program, for a total consideration of A$34.7 million. Prior daily buy-back notifications show consistent activity, with 1,991,003 shares bought back on December 19, 2025, for A$25,278,749.65. On December 16, 2025, 137,641 shares were bought for A$1,733,801.35, and on December 17, 2025, 133,038 shares were bought for A$1,681,027.45.

The highest price paid for shares on December 19, 2025, was A$12.80, and the lowest was A$12.67. Barrenjoey Markets Pty Ltd is the broker facilitating the buyback.