Bapcor Limited (BAP) Earnings Call Transcripts

Bapcor Limited's Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Credicorp Ltd. (BAP:US) reported a record net income, driven by strong loan growth and improved asset quality. Revenue reached $1.2 billion, with earnings per share (EPS) of $2.50, exceeding analyst expectations. Management maintained its GDP growth forecast for Peru at 3.5% for the fiscal year, signaling confidence in the economic outlook despite geopolitical uncertainties. The company raised its dividend to PLN 50 per share, reflecting its strong capital position and commitment to returning value to shareholders.

Reported metrics

Guidance from management

Management reaffirmed its GDP growth forecast for Peru at 3.5% for 2026, with total loan growth expected to be around 8.5%. They indicated that the cost of risk is anticipated to approach the lower end of their guidance range.

What management said

This is Alejandro. First, thanks for your words. I just wanted to give you a little bit more color or numerical color on the impact of [indiscernible] over time. In 1998, we had what is considered an extraordinary in and the impact on GDP in Peru was 1.7%. The moderate beginning of [indiscernible] was $0.8 million and the strong no 2023 was 1.1%. So depending on going back to Cesar's comments, it's still very early t...

Maybe Garo, just to complement Francesca's answer. We are announcing that on April 1, we created the neobanking unit Ander Ramundo Morales, CEO. the current CEO of Yape Peru, I mean, under that unit, Yape Peru, Yape Olivia, EO and Tempo are going to be operating. The logic -- part of the logic well, most of the logic is to leverage on tech capabilities, note of the market and so on. And part of the logic is what yo...

What analysts pressed on

Analysts expressed concerns about potential geopolitical risks and their impact on economic stability. There were also questions regarding the sustainability of low cost of risk levels and the implications of the upcoming presidential elections on the business environment.

Main topics on the call

• Record Net Income — Credicorp achieved a record high net income this quarter, attributed to robust growth in risk-adjusted revenue streams. CEO Gianfranco Ferrari stated, "We delivered remarkable overall operating results, including record ...
• Loan Growth Acceleration — Total loans increased by 8.2%, primarily driven by BCP and Mibanco. CFO Alejandro Perez-Reyes noted, "Loan growth was robust in BCP and Mibanco," indicating strong demand across lending segments.
• Improved Asset Quality — The NPL ratio improved to 4.3%, reflecting proactive risk management and favorable macroeconomic conditions. Perez-Reyes highlighted that the cost of risk stood at 1.3%, bolstered by improvements in payment performance.
• Dividend Increase — Credicorp announced a record high dividend of PLN 50 per share, supported by strong solvency and capital levels. This move underscores the company's commitment to returning value to shareholders.

Read the full Bapcor Limited transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 52 Bapcor Limited earnings call transcripts on record, spanning February 6, 2020 to August 26, 2026. Based on this history, Bapcor Limited reports quarterly. The most recent call on file is dated August 26, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

BAP

Exchange

ASX

Country

AU

Sector

Consumer Discretionary

Industry

Distributors

Calls on record

52

First call

February 6, 2020

Most recent

August 26, 2026

Reporting cadence

quarterly