Key points
- Statutory Loss of $431.6M due to $442.4M of significant items
- Group Revenue of $1.9B, down 1.8% year-over-year
- Underlying NPAT of $10.8M, Underlying EBITDA of $152.5M
- Turnaround actions in H2 FY26 showing positive results
- Net debt reduced to $135.0M, strengthening balance sheet
Full summary
Bapcor Ltd presented its FY26 results, highlighting a statutory loss of $431.6M, largely due to $442.4M of significant items, which were 99% non-cash. Group revenue was $1.9 billion, a 1.8% decrease from the previous year. The underlying net profit after tax (NPAT) stood at $10.8 million, and underlying earnings before interest, taxes, depreciation, and amortization (EBITDA) were $152.5 million, exceeding the guidance provided in May 2026. The company's turnaround actions in the second half of FY26 showed improved sales momentum, with initiatives in pricing, stock availability, and promotional activities contributing to the positive trend. The results were impacted by higher costs due to the Middle East conflict and weaker economic conditions, but the company managed to deliver $68.5 million in working capital initiatives, in line with guidance. Net debt was reduced to $135.0 million, enhancing the balance sheet flexibility.
Guidance
Underlying NPAT of $10.8M, Underlying EBITDA of $152.5M, Net debt of $135.0M
Outlook
Bapcor Ltd anticipates continued improvement in FY27 with initiatives to enhance profitability, optimize the cost base, strengthen capital efficiency, and return to growth. The company is focusing on improving price competitiveness, operational excellence, and customer experience.