• Pro-forma Net Profit After Tax for FY25 expected to be $81-82M
• Statutory Net Profit After Tax for FY25 expected to be $31-34M after significant items
• Significant disruption in Specialist Wholesale segment due to consolidation activities

Bapcor has announced a trading update for the second half of FY25, with the company expecting preliminary, unaudited Pro-forma Net Profit After Tax of $81-82M, but Statutory Net Profit After Tax (NPAT) for FY25 of $31-34M (after significant items). The second half result was influenced by continued resilient performance in the Trade segment, significant disruption in the Specialist Wholesale segment due to consolidation activities, a challenging retail environment impacting the Retail segment, and a more competitive landscape in New Zealand. Bapcor has also undertaken a comprehensive review of its 30 June 2025 balance sheet, identifying $43.3-45.3M in unaudited post-tax significant items in 2H25, with 78% being non-cash, in addition to the $4.7M that was recognised in 1H25. This is expected to result in an unaudited FY25 Statutory Net Profit after Tax of $31-34M. The significant items include asset write-offs, uncollectable receivables, contractual disputes, changes in accounting estimates, inventory valuation, and estimated impairment charges. The company has also announced changes to its Board of Directors, with Mark Bernhard, Brad Soller, and James Todd resigning as directors.

Bapcor expects an unaudited Pro-forma NPAT for FY25 of $81-82M.