The Bapcor Ltd (ASX: BAP) share price is in focus today after the company reported a statutory net loss of $431.6 million in FY26, driven mainly by non-cash impairment charges, while underlying EBITDA exceeded the top end of May’s guidance.

What did Bapcor report?

• Underlying revenue of $1,924.1 million, down 1.8% from FY25
• Statutory net loss after tax of $431.6 million, impacted by $442.4 million in post-tax significant items
• Underlying EBITDA of $152.5 million, exceeding guidance
• Underlying NPAT of $10.8 million, down 85.0% year-on-year
• Net bank debt reduced to $135.0 million from $364.8 million in FY25
• No final dividend declared to prioritise cash during the turnaround

What else do investors need to know?

Bapcor’s FY26 was a year of transition and turnaround, marked by the appointment of a new CEO, Chair, and strengthened leadership team. The second half saw improved operating momentum, with working capital initiatives delivering $68.5 million in cash flow and cash conversion rising sharply to 109.4%.

The company completed a $200 million equity raising in February 2026, helping to materially strengthen its balance sheet and reduce net debt. Bapcor also implemented cost and efficiency improvements, focusing on enhancing price competitiveness, stock availability, and customer engagement across its business units.

What did Bapcor management say?

Chief Executive Officer and Managing Director, Chris Wilesmith, said:

Since joining Bapcor in January, our priority has been restoring the fundamentals of the business. The actions implemented during the second half improved performance across the Group. Sales momentum improved across the Group through the final 5 months of the year, Networks returned to growth, Retail delivering positive like-for-like sales growth, and our working capital initiatives are delivering real value.

What’s next for Bapcor?

Looking ahead, Bapcor plans to build on its recent improvements with an ongoing turnaround program and a broader strategic review to clarify long-term priorities. The company is also considering divesting smaller, non-core assets to sharpen its focus on critical, high-return businesses.

In FY27, management expects modest revenue growth with trading momentum tipped to improve further. Early trading for the first six weeks shows sales slightly ahead of last year, although macroeconomic and geopolitical uncertainties persist. Profits are likely to be more heavily weighted to the second half of the year.

Bapcor share price snapshot

Over the past 12 months, the Bapcor share price has significantly underperformed the S&P/ASX 200 Index (ASX: XJO) with an 85% decline as operational challenges weighed on investor sentiment.

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The post Bapcor Ltd FY26 earnings: turnaround gains, big impairment loss appeared first on The Motley Fool Australia.

More reading

• Bapcor reaffirms FY26 EBITDA guidance
• Down 84%, why Bapcor shares may have further to fall
• 3 ASX All Ords shares to sell this week: Experts

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Perpetual Ltd (ASX: PPT) share price is in focus as the company reports a 6% rise in underlying profit after tax (UPAT) to $217 million and declares a final unfranked dividend of 63 cents per share.

What did Perpetual report?

• FY26 operating revenue of $1,374.2 million (flat year-on-year)
• UPAT of $217.0 million, up 6% from FY25
• Statutory net profit after tax (NPAT) of $88.9 million, recovering from a $58.2 million loss in FY25
• Corporate Trust profit before tax up 9% to $98.8 million
• Final dividend of 63 cents per share (unfranked); total FY26 dividends $1.22 per share (65% payout ratio)
• Annualised cost savings of $72.6 million delivered under the Simplification Program

What else do investors need to know?

Perpetual signed a binding agreement in March 2026 to sell its Wealth Management division to Bain Capital. This move is a key part of the company’s simplification strategy, with the transaction expected to complete in the final quarter of 2026, subject to regulatory approvals.

The group continued to reduce debt, lowering gross debt by 15% over the past year to $629.3 million. Proceeds from the Wealth Management sale are expected to further strengthen the balance sheet, supporting future investment in Asset Management and Corporate Trust.

Significant items after tax were $128.1 million, mainly related to transaction and separation costs from the Wealth Management sale, impairment charges, and costs tied to the ongoing Simplification Program.

What did Perpetual management say?

Perpetual CEO and Managing Director Bernard Reilly said:

FY26 was a positive year despite mixed market conditions. We delivered strong earnings growth and improved profitability against a backdrop of geopolitical uncertainty and corporate change, highlighting the benefits of our diversified business model.

What’s next for Perpetual?

Perpetual’s top priority is completing the sale of Wealth Management, marking a further step in its transition to a simpler organisation. After the sale, Perpetual plans to focus on its Asset Management and Corporate Trust businesses—aiming for consistent earnings, a stronger balance sheet, and greater financial flexibility.

Perpetual is also pursuing ongoing cost efficiencies and digital transformation in Corporate Trust and is targeting fresh product innovation and global growth in Asset Management, including a turnaround plan for its J O Hambro boutique.

Perpetual share price snapshot

The Perpetual share price has underperformed the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a decline of almost 12%.

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The post Perpetual posts higher FY26 profit and readies for business sale appeared first on The Motley Fool Australia.

More reading

• Perpetual reveals $63.5m impairment after major fund redemption
• These were the best-performing ASX 200 shares in July
• Perpetual lifts AUM, advances Wealth sale in Q4 FY26 update

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

ASX mining shares like South32 Ltd (ASX: S32) are a popular choice among Australian investors looking for passive income.

The attraction is simple. When commodity prices are strong, large-scale miners can generate a huge amount of cash and return a good portfolio to their shareholders in the form of dividends.

But what exactly would it entail to earn the passive income you want?

Let’s take a look at what it takes to earn $6,000 off South32 shares in FY26.

What passive income does South32 pay its shareholders?

First, we need to understand what dividends the mining giant pays its shareholders.

South32 typically pays its investors twice-yearly dividends: an interim dividend in April and a final dividend in October.

South32 paid a fully-franked interim dividend of 3.9 US cents (equivalent to 5.52 AUD cents) per share in April.

As part of its FY26 results announcement this morning, the miner declared another final 5.4 US cent (equivalent of 7.5 AU cents) dividend will be paid to shareholders in October. 

That comes to a total FY26 dividend of 9.3 US cents (equivalent of 13 AU cents) per security.

At the time of writing, this translates to a dividend yield of around 1.8% for FY26. 

So, how many South32 shares do I need to generate $6,000 of passive income every year?

Using the FY26 total dividend payment of 13 cents per share, investors would need to own around 46,154 South32 shares in order to earn $6,000 in passive income.

What would that cost me?

At the time of writing, South32 shares are $5.14 each.

That means, in order to buy the 46,154 shares needed for $6,000 of annual passive income in FY26, you would need to invest roughly $237,231. 

It’s not a small amount, but it could be worth it in the long run.

And remember, you don’t need to invest the entire amount in one go. Start off small and let compound growth do some of the work for you.

Could South32 shares climb higher in value this year?

The experts are optimistic about the outlook for South32 shares over the next 12 months.

Market Index shows the majority of brokers have a buy rating on the mining stock. But the $4.94 average target price now implies a potential 4% downside ahead.

Sentiment is also mostly positive on TradingView. The data shows that the majority of analysts (seven out of 14) have a buy/strong buy rating on the shares. Another six rate South32 shares as a hold.

But after the latest rally, the average $4.77 target price now implies a potential downside of around 7%, at the time of writing. 

The post How many South32 shares do I need to buy for $6,000 per year of passive income? appeared first on The Motley Fool Australia.

More reading

• South32 FY26 earnings: base metals drive profit surge and new dividend
• 5 things to watch on the ASX 200 on Thursday
• South32, Woolworths, BHP shares reach 52-week high: Buy, sell or hold?
• South32 share price in focus as Sierra Gorda mine life jumps with 61% reserve boost
• Bell Potter names the best ASX shares to buy in August

Motley Fool contributor Samantha Menzies has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.