Bapcor (ASX:BAP), a provider of automotive aftermarket parts across Australia and New Zealand, has released its financial results for the half-year ended Dec. 31, 2025.
The company reported a significant statutory loss of $104.8 million, a figure heavily impacted by one-off items totalling $110.3 million post-tax.
While underlying revenue dipped 2.3% to $973 million compared to the previous period, the underlying net profit after tax of $5.5 million remained consistent with prior market guidance.
Bapcor has launched a $200 million fully underwritten equity raising.
The capital injection follows a period of rising debt, which reached $387.3 million by the end of 2025.
Despite the pressures, the company maintained compliance with debt covenants and secured continued support from its lenders.
However, shareholders will not receive an interim dividend as the company prioritises resilience and reinvestment.
CEO Chris Wilesmith, only six weeks into his tenure, described the first half as "challenging," citing increased competition, cost pressures, and internal pricing and inventory hurdles.
Nevertheless, he highlighted "green shoots" of recovery, noting emerging sales momentum in the retail and trade sectors.
Bapcor's strategic focus will centre on optimising its store network, leveraging customer feedback through new net promoter surveys, and rebuilding operational capability to "get the engine running again."