Bravura Solutions (BVS) H1 2026 earnings summary

Executive summary

• Revenue grew 9.8% year-over-year to $140.0 million, with underlying NPAT up 129% to $25.9 million and cash EBITDA up 71% to $34.2 million, reflecting strong operational performance and margin improvement.

• Interim and special dividends totaling 10.23 cents per share ($45.9 million) were declared, reflecting confidence in ongoing profitability and stability.

• Entered the UK Workplace market with a new anchor client, supporting growth with existing customers and market expansion.

• New Group CEO appointed effective 1 January 2026, initiating a holistic review of capital allocation.

• Upgraded full-year 2026 guidance for both revenue and cash EBITDA, marking the second upgrade this year.

Financial highlights

• Cash EBITDA reached $34.2 million, up $14.2 million year-over-year, with margin at 24%.

• Underlying NPAT was $25.9 million, up from $11.3 million in the prior year.

• Revenue totaled $140.0 million, a 9.8% increase year-over-year, with recurring revenue up 5% to $81.3 million.

• Net closing cash balance stood at $64.5 million, with no debt at period end.

• Operating costs stabilized at $101.5 million, supporting margin expansion.

Outlook and guidance

• Full-year 2026 revenue forecast raised to $280–$285 million, with cash EBITDA guidance increased to $69–$73 million.

• PP&E expected to rise to $4 million for the year.

• R&D investment focused on Alta and Advice OS to strengthen product functionality and expand the addressable market.

• Continued focus on growing revenues with existing clients and exploring both organic and inorganic growth opportunities.

• No significant changes in the state of affairs during the period; no material events expected to impact future operations.