Fletcher Building Quarterly Volume Report for Q2 FY26

Fletcher Building Limited, 810 Great South Road, Penrose, Auckland 1061, New Zealand
13 January 2026

Fletcher Building Quarterly Volume Report for Q2 FY26

Fletcher Building releases its quarterly update of key product sales volumes for the
second quarter of the 2026 financial year (Q2 FY26).

Andrew Reding, Managing Director and Chief Executive Officer, said: “Quarterly volumes
showed modest improvement compared with Q1 FY26, with some encouraging signs
emerging across the portfolio. That said, these gains are yet to be sustained and, on their
own, are not enough to offset the impact of the earlier declines.

Trading conditions remain competitive, with ongoing margin pressure and compression
continuing to be seen in many business units and especially in our Distribution division.
Although some broader economic indicators appear to be trending in a more positive
direction, we continue to believe that any meaningful recovery in volumes will not flow
into our businesses until calendar year 2027.”

Divisional Volumes

• Light Building Products volumes are trending positively versus Q1 and generally
remain in line or above prior corresponding period (pcp). Volume growth was seen
in Waipapa and Iplex NZ with both up versus Q1 (4.0% and 3.7% respectively) and
versus pcp (23.4% and 15.1% respectively) with Waipapa volume increases reflecting
greater PlaceMakers pull through. In Australia, volumes have generally improved
relative to Q1 and are now broadly in line with pcp, with both Laminex AU and Fletcher
Insulation delivering positive performance against Q1. Across the division, margins
have remained relatively stable.
• Heavy Building Materials has continued to experience volume contractions.
Winstone Aggregates volumes declined 2.7% versus Q1 (following a 4.1% decline in
the prior quarter) and declined 8.4% versus pcp, reflecting ongoing weak roading and
project activity. Humes volumes were also down 7.6% and 6.1% on Q1 and pcp
respectively. However, Firth and Golden Bay volumes are broadly in line with both Q1
and pcp. Steel volumes were mixed and overall marginally higher than Q1, but
margins remain compressed.
• Within the Distribution Division, PlaceMakers Frame & Truss volumes were
marginally higher than pcp; however, margins remained compressed owing to highly
competitive trading conditions.
• Residential took 135 residential and apartment units to profit in Q2, compared to 214
in Q2 FY25.

ENDS

Authorised for release to the market by Haydn Wong, Company Secretary.
_____________________________________________________________________________________________________________
For further information please contact:

INVESTORS Alex MacDonald, GM Corporate Finance & Investor Relations +64 21 221 4266 Alex.MacDonald@fbu.com
MEDIA Christian May, Chief Corporate Affairs Officer +64 21 305 398 Christian.May@fbu.com

For information on Fletcher Building visit fletcherbuilding.com

FLETCHER BUILDING QUARTERLY VOLUME DATA
Business UnitMetric
Rolling 12mth
average quarterly
volumes¹Change (%)Change (%)
Light Building ProductsQ2 FY26
Q2 FY26
vs Q1 FY26
Q2 FY26
vs Q2 FY25
Winstone WallboardsDomestic board volumes 94.7
0.8%-0.6%
Laminex NZDomestic sales volumes 96.6
0.3%-1.0%
ComfortechGlasswool sales 84.8
1.9%5.3%
Iplex NZPlastic pipe volumes 93.2
3.7%15.1%
Waipapa
2
Total sales volumes126.8
4.0%23.4%
Laminex AUDomestic sales volumes 79.52.4%-1.2%
Fletcher InsulationGlasswool sales 100.1
2.4%0.2%
Iplex AUPlastic pipe and other sales volumes 57.0
-1.2%2.0%
Heavy Building MaterialsQ2 FY26
Q2 FY26
vs Q1 FY26
Q2 FY26
vs Q2 FY25
Winstone AggregatesAggregates sales volumes 67.5
-2.7%-8.4%
Golden BayDomestic cement volumes 99.3
-0.6%0.1%
FirthReady mix volumes 95.0
0.1%0.9%
FirthMasonry volumes 62.8
1.5%-1.5%
HumesConcrete pipe volumes 51.1
-7.6%-6.1%
ReinforcingReinforcing volumes 91.9
-2.6%3.1%
EasysteelEasysteel - volumes 82.2
3.6%6.3%
DimondDimond - volumes 99.2
3.5%6.0%
ColorCoteColorCote - local volumes 77.6
1.4%-9.4%
StramitSales volumes 69.6
-1.2%-6.5%
DistributionQ2 FY26
Q2 FY26
vs Q1 FY26
Q2 FY26
vs Q2 FY25
PlaceMakersFrame & Truss sales 89.0
3.1%4.8%
ResidentialQ2 FY26
Q2 FY26
vs Q1 FY26
Q2 FY26
vs Q2 FY25
Residential
3
Residential + Apartment units taken to profit135
-11.9%-24.1%
1. Index value, Q4 FY19 = 100
2. Index commences FY22, Q2 FY22 = 100
3. Raw data – not indexed, % changes reflect rolling 12 month volume
Metric definitions
Winstone Wallboards: Domestic board volumes (000 m2)
Laminex NZ, Laminex AU: Domestic sales volumes (000 m2)
Comfortech, Fletcher Insulation: Glasswool sales (tonnes)
Waipapa: Total sales volumes (m3)
Iplex NZ: Plastic pipe volumes (tonnes)
Iplex AU: Plastic pipe and other sales volumes (000 tonnes)
Winstone Aggregates: Aggregates sales volumes (000 tonnes)
Golden Bay: Domestic cement volumes (000 tonnes)
Firth: Ready mix volumes (000 m3)
Firth: Masonry volumes (000 m2)
Humes: Concrete pipe volumes (000 tonnes)
Reinforcing: Reinforcing volumes (tonnes) - note restated to exclude wire
Easysteel: Easysteel volumes (tonnes) - note restated to exclude wire
Dimond: Dimond volumes (tonnes)
ColorCote: Colorcote local volumes (tonnes)
Stramit: Sales volumes (tonnes)
PlaceMakers: Frame & Truss sales (m3)
Residential: Residential + Apartment units taken to profit