Bapcor logs $431.6M loss as EBITDA beats guidance
- Bapcor recorded a $431.6 million statutory loss for FY26 following $442.4 million in post-tax significant items.
- The company's underlying EBITDA reached $152.5 million, exceeding the top end of its May guidance range.
- Management omitted the final dividend to direct cash towards supporting its ongoing business turnaround.
Automotive parts supplier Bapcor (ASX:BAP) reported a statutory loss of $431.6 million for the financial year ended June 30, driven by $442.4 million in post-tax significant items.
The result contrasts with a restated statutory net profit after tax of $19.1 million in FY25, while underlying EBITDA of $152.5 million fell 34.6% year-on-year.
"Despite a more challenging external environment following the equity raising, including geopolitical disruption associated with the Middle East conflict, higher fuel prices, softer economic conditions and higher interest rates, the Group improved trading momentum," said Bapcor CEO Chris Wilesmith.
The company reduced net bank debt by $229.8 million to $135 million, aided by a February equity raising and working capital initiatives that delivered $68.5 million in second-half cash flow.
Management stated that trading momentum in early FY27 remains positive, while a portfolio review is underway to potentially divest non-core assets.
Following the announcement, the Bapcor share price was up at $0.60.
The business operates across retail, trade, and specialist wholesale networks, supplying vehicle parts and equipment throughout Australia and New Zealand.
