Ritchie Bros. Australia EOFY auctions top AU$100 million in GTV

Ritchie Bros., part of RB Global, Inc. (NYSE: RBA), reported combined gross transaction value (GTV) exceeding AU$100 million at its 2026 Australia National End of Financial Year (EOFY) Auctions, which the company described as a national record.

The results came from 10 auctions held across the company's national network of yards, with 5,516 lots sold spanning earthmoving equipment, trucks, trailers, agricultural machinery and mining assets. The auctions were conducted jointly with Smith Broughton, an Australian auction brand.

Nearly 11,000 bidders registered to participate, including international bidders from more than 20 countries, among them the United States, Canada, New Zealand, the United Arab Emirates and the United Kingdom. The auctions drew over 2,300 total buyers. Domestic activity was concentrated in Victoria, New South Wales and Queensland, while international buyers transacted from countries including the United States, New Zealand and Egypt.

Dom McGlinchey, Sales Director APAC at Ritchie Bros., attributed part of the result to inventory contributions, noting that "more than 600 assets from the Garraway Group" were included in the sale.

According to a press release statement, this marks the second consecutive year the company has set a national auction record in Australia.

You May Also Be Interested In

• MaxLinear (MXL) PT Raised to $120 at Stifel
• Scribe Therapeutics indicating open above $29, IPO priced at $15
• Boeing (BA) call put ratio 2.4 calls to 1 put with a focus on August calls into quarter results