Bapcor (BAP) AGM 2026 summary

Opening remarks and agenda

• Acknowledged Traditional Custodians and the continuing connections of First Nations people in Australia, New Zealand and Asia.

• Agenda included consideration of FY26 financial and related reports.

Financial performance review

• FY26 revenue $1.9B, down 1.8% YoY; underlying NPAT $10.8M, down 85.0%; statutory loss $431.6M included $442.4M of post-tax significant items.

• FY26 EBITDA exceeded May 2026 guidance; cash conversion improved to 109.4%, with H2 working-capital initiatives delivering $68.5M cash-flow benefit.

• Q1 FY27 Group LFL sales rose 0.5% on a constant-currency basis; total sales increased 0.3%. Trade and Retail gross margin percentages improved YoY.

• Net debt fell $19M from 30 June to $116M at 30 September 2026, primarily on operating cash flow.

Board and executive committee updates

• Leadership appointments included Craig Magill as EGM Trade, Rebekah Newman as Chief People & Culture Officer, Angus McDonald as Chief Operating & Strategy Officer, Guy Nicholls as GM Commercial Vehicle Group, and Steve Gardner as EGM Retail.

• Andrew Fraser, appointed 1 July 2026, was re-elected with 99.58% of proxy votes for; Kate Spargo was re-elected with 63.08% for and 36.74% against.