• Statutory loss after tax of $104.8M, with $110.3M in significant items
• Underlying revenue declined 2.3% to $973.0M
• Underlying net profit after tax declined 87.2% to $5.5M

Bapcor Limited has released its Appendix 4D and Half-Year Financial Report for the period ended 31 December 2025. The company reported a statutory loss after tax of $104.8M, which was after $110.3M of significant items. Underlying revenue declined 2.3% to $973.0M, with declines across all segments. Total gross margin dollars were down 5.5%, mainly attributable to the Trade segment. Cost of doing business increased by 8.0% to $360.4M, reflecting ongoing strategic investment in information technology projects and supply chain initiatives, as well as higher employee costs. Finance costs were 1.3% higher due to higher debt levels. Underlying net profit after tax declined 87.2% to $5.5M. The company's Trade, Networks, Retail, and New Zealand segments all experienced declines in both revenue and EBITDA compared to the prior corresponding period. The company also reported several board and management changes, including the appointment of Lachlan Edwards as Independent Non-Executive Chair and the resignation of Angus McKay as Chief Executive Officer, with Chris Wilesmith appointed as the new CEO and Managing Director effective 14 January 2026.