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Bapcor Limited (ASX:BAP)

ALERT: Price-sensitive ASX Announcement for BAP
Current share price for BAP : $0.785 0.27 (52.43%)+
Release
14 May 2026 8:39AM
Price at Release
$0.515
Full Release
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Summary
Bapcor Limited announced a positive turnaround and trading update for the second half of FY26, despite challenges from a Middle East conflict and rising interest rates. Sales momentum improved across all business segments from February to April 2026, reversing earlier declines. However, due to the deteriorating trading conditions and increased costs, Bapcor revised its FY26 earnings guidance to an underlying EBITDA of $144M - $150M post AASB16 and $62M - $68M pre AASB16. Initiatives to enhance profitability, optimize costs, and return to growth are underway, with positive sales momentum evident in all segments compared to previous periods.
Key Points
  • Positive sales momentum across all segments from February to April 2026.
  • Revised FY26 earnings guidance due to Middle East conflict and rising costs.
  • Initiatives to enhance profitability and optimize costs.
  • Improved stock availability and team engagement as part of turnaround efforts.
  • Potential non-cash impairment due to softer trading conditions.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.