Bapcor posts $105m first-half net loss, launches $200m equity raise
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The news: Car parts group Bapcor has delivered a $104.8 million net loss in the first half of FY26 as it faced lower revenue and higher costs.
The numbers: This is down from statutory NPAT of $40.8 million in the previous corresponding period and worse than the $9.8 million loss market consensus expectation, according to Visible Alpha. Revenue fell 2.3% to $973 million.
Bapcor is undertaking a fully underwritten $200 million equity raising consisting of a $150 million non-renounceable entitlement offer and a $50 million pro rata institutional placement.
The context: CEO Chris Wilesmith said the weaker earnings performance in the first-half was driven by increased pressures from competition and costs, loss of industry knowledge, and issues related to pricing and inventory.
Bapcor said it expects to deliver earnings before interest and tax in the range between $150 million to $160 million in FY26.
