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

On July 16, 2026, Ritchie Bros., a prominent subsidiary of RB Global, Inc. (NYSE: RBA), announced an unprecedented achievement during its 2026 Australia National End of Financial Year (EOFY) Auctions. The auctions, which spanned the company’s extensive network of yards throughout Australia, collectively generated over AU$100 million in gross transaction value (GTV). This impressive figure marks a significant milestone in Ritchie Bros.' Australian operations and reflects the robust demand for commercial assets in the region.

The EOFY Auctions featured a staggering total of 5,516 lots sold across 10 events, showcasing a diverse range of assets, including earthmoving equipment, trucks, trailers, agricultural machinery, and mining assets. The participation was notably high, with nearly 11,000 bidders registering to take part in the auctions. The event attracted international bidders from over 20 countries, including notable regions such as the United States, Canada, New Zealand, the United Arab Emirates, and the United Kingdom.

The domestic market showed particularly strong activity, with Victoria, New South Wales, and Queensland accounting for the largest concentration of local bidders. Additionally, international buyers from countries such as the United States, New Zealand, and Egypt made significant contributions to the sales figures, further illustrating the global reach of Ritchie Bros.’ auction platform.

Dom McGlinchey, Sales Director APAC at Ritchie Bros., expressed enthusiasm about the auction results, stating, "Breaking our own national record back-to-back shows just how much confidence both buyers and sellers have in the Ritchie Bros. platform." The collaboration between Ritchie Bros. and Smith Broughton has been pivotal in creating a more expansive and interconnected marketplace across Australia. By leveraging their combined strengths, the two companies have significantly increased market liquidity and global buyer participation.

The auction's momentum was underscored by the inclusion of over 600 assets from the Garraway Group, which contributed to heightened competition among bidders and exceptional results on sale day.

As Ritchie Bros. celebrates this remarkable achievement, the company is poised to continue its 2026 global auction calendar with a series of unreserved events scheduled across North America and beyond. Sellers looking to move equipment can request complimentary valuations or connect with regional representatives through the Ritchie Bros. website.

RB Global, Inc. is a leading omnichannel marketplace and a trusted provider of value-added insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. The company operates a global network of auction sites and digital platforms, serving customers across a variety of asset classes, including automotive, construction, commercial transportation, government surplus, lifting and material handling, energy, mining, and agriculture.

As a key player in RB Global’s portfolio, Ritchie Bros. offers a comprehensive platform for commercial asset transactions, assisting equipment owners in buying, selling, and managing assets throughout their lifecycle. By connecting sellers to a vast global network of buyers and providing access to an extensive selection of used heavy equipment, trucks, and trailers, Ritchie Bros. solidifies its position as a leader in the auction industry.

For more information about RB Global and Ritchie Bros., interested parties can visit their respective websites.