Bapcor

(AI video summary)

This video was created on 9 December 2025 for IG audiences by ausbiz.

ASX code: BAP

Bapcor cuts FY26 outlook

Bapcor has downgraded its financial year (FY) 2026 statutory net profit after tax (NPAT) guidance to $31 million - $36 million, excluding possible New Zealand impairments. Weaker revenue in the tools and equipment segment and one-off restructuring costs contributed to the downgrade. The company also stated that its turnaround is proving ‘more challenging and taking longer than expected’.

The update contrasts with the positive tone at its recent annual general meeting (AGM), where directors had purchased shares.

Value collapse since prior takeover bid

Analysts characterised the development as negative, noting that the latest downgrade was consistent with a pattern of missed expectations. Analysts also pointed to the sharp fall from an earlier $5.40 takeover offer that valued the group at $1.9 billion. The share price is now near $1.88, with a market capitalisation around $790 million.

Investment outlook

The negative sentiment echoed market behaviour, with the share price falling significantly following the announcement. Analysts agreed that the company remains in a challenging position, with repeated downgrades eroding confidence in its ability to stabilise operations.