Australia's Bapcor warns of steep HY profit drop; shares hit over 10-year low

Bapcor

20/10/2025 03:44

Oct 20 (Reuters) - Australia's Bapcor BAP.AX has warned of a sharp drop in its half-year profit on Monday due to an impairment charge tied to its New Zealand business, sending its shares tumbling to their lowest level in a decade.

The auto parts retailer said it expects underlying net profit after tax for the first half of fiscal 2026 to be between A$14 million ($9.12 million) and A$18 million, down sharply from the A$45.5 million reported last year and below Visible Alpha estimates of A$41.1 million.

($1 = 1.5359 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru; Editing by Sherry Jacob-Phillips)

 ((Rajasik.Mukherjee@thomonreuters.com;))