Key points
- Bapcor reported a statutory loss of $431.6M for FY26
- Underlying revenue declined 1.8% to $1,924.1M
- Bapcor completed a $200M equity raising to reduce debt
- No dividends declared for FY26
- Significant items included non-cash impairment charges
Full summary
Bapcor Ltd reported a statutory loss of $431.6M for the year ended 30 June 2026 (FY26), compared to a statutory profit of $19.1M in FY25. The loss was primarily due to significant items, including non-cash impairment charges. Underlying revenue declined by 1.8% to $1,924.1M, and underlying net profit after tax was $10.8M. Bapcor undertook a business reset and turnaround during FY26, focusing on enhancing profitability, optimizing costs, and improving capital efficiency. The company completed a $200M equity raising to reduce debt and strengthen its balance sheet. There were no dividends declared for FY26. The financial statements have been audited, and an unmodified opinion has been issued.
Outlook
Bapcor expects operational performance to stabilize and execution to improve, positioning the group for improved future performance.