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Highlights:
- Bravura Solutions (ASX:BVS) posts strong first-half FY25 financial results with a significant EBITDA surge.
- Revenue forecast upgraded following successful execution of growth strategy.
- Company signals confidence with plans to resume dividend payouts.
Bravura Solutions (ASX:BVS) has reported a return to profitability for the first half of the 2025 financial year, marking a turnaround driven by its strategic initiatives. The financial technology provider recorded revenue of $127.5 million, reflecting a modest 0.4% increase from the previous year. However, the standout performance was in EBITDA, which surged 52.1% year-over-year to $43.8 million, up from $28.8 million in the same period last year.
The company also posted a net profit after tax of $11.3 million, a significant improvement compared to the previous year’s $1.7 million loss. The shift to profitability underscores the effectiveness of Bravura’s "energise, build and grow" strategy, which was introduced as part of its broader restructuring efforts.
Upgraded FY25 Outlook
Following its robust first-half performance, Bravura has revised its financial guidance for FY25. The company now anticipates gross revenue to range between $248 million and $252 million, up from the previously estimated $241 million to $245 million.
Similarly, the EBITDA forecast has been adjusted upwards to between $46 million and $49 million, compared to the prior range of $41 million to $44 million. Cash EBITDA projections have also been raised, now expected to land between $38 million and $41 million, improving from the earlier guidance of $33 million to $36 million.
Strategic Overhaul Sparks Recovery
Bravura underwent a major transformation in 2023 after facing operational and financial challenges. In response, the company implemented a new leadership structure, appointing Andrew Russell as CEO and Matthew Quinn as chair, alongside a refreshed board of directors.
The leadership team introduced a revamped business approach centered on operational efficiency, client engagement, and sustainable growth. This shift has played a pivotal role in the company’s financial recovery and renewed investor confidence.
Strong Financial Position Supports Dividend Resumption
With improved profitability and a healthier balance sheet, Bravura has indicated plans to restart dividend payouts. This includes a special dividend linked to net profit gains from the recent sale of its Sonata software platform license to Fidelity International.
CEO Andrew Russell emphasized that the company is executing its strategic priorities effectively, driving both revenue growth and cost optimization. The improved financial outlook suggests that Bravura is well-positioned for sustained expansion, setting the stage for a stronger fiscal year ahead.
