• 1H26 Statutory NPAT expected to be a loss of $8M-$5M
• Underlying 1H26 NPAT expected to be $5M-$8M
• FY26 Statutory NPAT expected to be $31M-$36M
• FY26 Underlying NPAT expected to be $44M-$49M

Bapcor today provides updated guidance for the first half of FY26 and for the FY26 full year. Trading performance in October and November was below expectation mainly in the Trade segment, with revenue declining in tools and equipment versus the prior corresponding periods, though parts revenue has grown modestly. Trade is also investing in pricing across specific parts categories to regain market share, which has adversely impacted margins in the short term but is expected to drive volume growth in the future. Given the weaker trading performance, Bapcor expects Statutory Net Profit after Tax (NPAT) for 1H26 to be a loss in the range of ($8M)-($5M), which includes ~$19M pre-tax (~$13M post-tax) of one-off / non-recurring items. Underlying NPAT for 1H26, before these items, is expected to be in the range of $5-8M. The Retail segment had a strong October and November, with revenue improving 1.3% versus the prior corresponding periods, driven by strong Black Friday sales activities. The Networks and New Zealand segments remain in line with previous expectations. For FY26, Statutory NPAT is expected to be in the range of $31-36M excluding the potential 1H26 impairment associated with the New Zealand segment. Underlying NPAT for FY26, before the anticipated 1H26 one-off / non-recurring items, is expected to be in the range of $44-49M. NPAT in 2H26 is in line with previous expectations, with improvement expected over 1H26 due to operational improvement, the benefits of the pricing realignment measures, the realisation of the benefits from the previously announced savings initiatives, and the non-recurrence of the $19M pre-tax 1H26 one-off items.

Statutory NPAT for FY26 is expected to be in the range of $31-36M, excluding the potential 1H26 impairment associated with the New Zealand segment. Underlying NPAT for FY26, before the anticipated 1H26 one-off / non-recurring items, is expected to be in the range of $44-49M.

Bapcor expects an improvement in NPAT in 2H26 compared to 1H26 due to operational improvement, the benefits of the pricing realignment measures, the realisation of the benefits from the previously announced savings initiatives, and the non-recurrence of the $19M pre-tax 1H26 one-off items.