RB Global (RBA) investor relations material

Executive summary

• Q3 GTV rose 20% YoY to $4,676.1M, including 14% organic growth; revenue increased 17% to $1,274.4M, and adjusted EBITDA grew 13% to $370.9M.

• Net income increased 47% to $140.2M; diluted adjusted EPS rose 11% to $1.03.

• One Marketplace advanced with Buy Now and Make Offer on rbauction.com, joining auction, fixed-price, and negotiated transactions.

Financial highlights

• Service revenue increased 10% to $927.9M, partly offset by a lower take rate; inventory sales revenue rose 40% to $346.5M.

• Operating income rose 37% to $216.9M; net income available to common stockholders increased 59% to $128.7M.

• Nine-month revenue increased 13% to $3,826.1M, while adjusted EBITDA rose 10% to $1,120.8M.

• Nine-month operating cash flow was $615.5M versus $723.0M a year earlier.

Outlook and guidance

• FY2026 GTV growth guidance increased to 14%–15% from 9%–11%; the outlook assumes no meaningful GTV contribution from catastrophic events.

• FY2026 adjusted EBITDA guidance increased to $1,525M–$1,545M from $1,495M–$1,545M.

• FY2026 GAAP and adjusted tax-rate guidance declined to 22%–24% from 23%–25%; capital expenditure guidance remains $350M–$400M.

• Q4 service revenue take rate is expected to be consistent with Q3.