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. The specific volume information for Q2 FY26 is available in the attached table. 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