Ritchie Bros. and Smith Broughton Generate Record AU$100 Million+ at Australia's EOFY Auctions

Key Terms

gross transaction value (gtv) financial

Gross transaction value (GTV) is the total dollar amount of all transactions processed or facilitated by a platform or marketplace over a period, measured before subtracting fees, refunds or cancellations. Think of it as the gross receipts running through a store’s cash register — it shows how much activity the business handles even though not all of that becomes company revenue. Investors use GTV to gauge scale, customer usage and growth potential, but it is not the same as profit or net revenue.

end of financial year (eofy) financial

The end of financial year (EOFY) is the date when an organization closes its accounting books for a 12-month reporting period and prepares final balances, tax filings, and audited statements. It matters to investors because financial results, tax obligations, dividend decisions and statutory disclosures are tied to this cut-off date, much like the final report card at the end of a school year summarizes everything that happened over the term.

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National records broken as nearly 11,000 global bidders compete for combined assets across Ritchie Bros. and Smith Broughton

YATALA, Australia & VANCOUVER, British Columbia--(BUSINESS WIRE)-- Ritchie Bros., part of RB Global, Inc. (NYSE: RBA) (TSX: RBA), announced today record combined results at its 2026 Australia National End of Financial Year (EOFY) Auctions, held across the company's national network of yards.

Ritchie Bros. Australia’s regional headquarters and largest Asia-Pacific hub, located at the Yatala (Brisbane) yard in Queensland.

The auctions combined generated over AU$100 million in gross transaction value (GTV), marketing an extraordinary milestone for the group’s Australian footprint. A total of 5,516 lots sold across 10 auctions, spanning earthmoving equipment, trucks, trailers, agricultural machinery and mining assets.

Nearly 11,000 bidders registered to participate, including international bidders from more than 20 countries outside Australia, among them the United States, Canada, New Zealand, the United Arab Emirates and the United Kingdom. The auction drew over 2,300 total buyers, with Victoria, New South Wales and Queensland representing the largest concentration of domestic activity and international buyers transacting from countries including the United States, New Zealand and Egypt.

"Breaking our own national record back-to-back shows just how much confidence both buyers and sellers have in the Ritchie Bros. platform," said Dom McGlinchey, Sales Director APAC at Ritchie Bros. "By combining the strengths of Ritchie Bros. and Smith Broughton, we have unlocked a larger, more connected marketplace across Australia. Bringing together our complementary customer bases and inventory has significantly increased market liquidity and global buyer participation. This strong momentum—including more than 600 assets from the Garraway Group—translated directly into deeper competition and outstanding results on sale day."

Ritchie Bros. will continue its 2026 global auction calendar with upcoming unreserved events across North America and around the world. Sellers with equipment to move can request a complimentary valuation or connect with a regional Ritchie Bros. representative at ritchiebros.com.

About RB Global

RB Global, Inc. (NYSE: RBA) (TSX: RBA) is a leading, omnichannel marketplace and trusted provider of value-added insights, services and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Through its global network of auction sites and digital platform, RB Global serves customers worldwide across a variety of asset classes, including automotive, construction, commercial transportation, government surplus, lifting and material handling, energy, mining and agriculture. The company’s end-to-end marketplace solutions include Ritchie Bros., IAA, Rouse Services, SmartEquip and VeriTread. For more information about RB Global, visit www.rbglobal.com.

About Ritchie Bros.

Ritchie Bros., an RB Global, Inc. (NYSE: RBA | TSX: RBA) company, is a leading global platform for commercial asset transactions, helping equipment owners buy, sell, and manage assets across their full lifecycle, serving customers in construction, transportation, agriculture, energy, oil and gas, mining, forestry, real estate, and government. Through online auctions and marketplace options across multiple brands, Ritchie Bros. connects sellers to a global network of buyers and gives buyers access to one of the world's largest selections of used heavy equipment, trucks, and trailers. RB Global's portfolio includes Ritchie Bros., IronPlanet, BigIron, Mascus, Rouse, and other brands, supported by integrated financing, logistics, and asset management services. For more information, visit rbglobal.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260715877858/en/

RB Global Contacts

Media Inquiries:
Helen Ma | RB Global, Inc.
Manager, Public Relations
(604) 219-9508
helenma@ritchiebros.com

Analyst Inquiries:
Sameer Rathod | RB Global, Inc.
VP, Investor Relations/Market Intelligence
(510) 381-7584
srathod@rbglobal.com

Source: RB Global