• Statutory loss of $104.8M including significant items of $110.3M (post-tax)
• Underlying group revenue of $973M, down 2.3% on 1H25
• Underlying Net Profit After Tax (NPAT) of $5.5M, in line with guidance

Bapcor Limited, a leading ANZ provider of aftermarket vehicle parts, accessories, equipment, service and solutions, today announces its financial results for the half year ended 31 December 2025 ('1H26') and a $200 million fully underwritten Equity Raising. The 1H26 results include significant items of $110.3M post-tax, with the company reporting a statutory loss of $104.8M. Underlying group revenue was $973M, down 2.3% on 1H25, while underlying Net Profit After Tax (NPAT) was $5.5M, in line with guidance. The company ended 1H26 with a net debt position of $387.3M and a net leverage ratio of 3.39 times. Bapcor has received approval from its lending syndicate to temporarily increase its net leverage ratio covenant and lower the FCCR covenant. The company is undertaking a $200M fully underwritten equity raising, comprising a 1-for-1.36 accelerated pro rata non-renounceable entitlement offer and a 'pro rata' institutional placement, to improve its financial flexibility and business resilience. Bapcor expects to deliver underlying FY26 EBITDA of $150M - $160M (post-AASB16) or $74M - $79M (pre-AASB16), and a proforma net leverage ratio of 2.13 times at 31 December 2025, reducing to ~1.2 to 1.5 times at 30 June 2026.

Bapcor expects to deliver underlying FY26 EBITDA of $150M - $160M (post-AASB16) or $74M - $79M (pre-AASB16), and a proforma net leverage ratio of 2.13 times at 31 December 2025, reducing to ~1.2 to 1.5 times at 30 June 2026.

Bapcor's immediate focus is on lifting financial performance by giving its team members the environment they need to succeed, improving the customer experience through competitive pricing and having the right stock in the right places, and rebuilding capability across the business, particularly in the Retail and Trade segments.