Bravura Solutions (BVS) H2 2026 earnings summary

Executive summary

• Revenue grew 10% year-over-year to AUD 283.6 million, with Cash EBITDA up 76% to AUD 77.1 million and a margin of 27.3% for FY2026, meeting upgraded market guidance.

• Business realigned around core product solutions, with Global Wealth and EMEA Funds Administration as key divisions, driving improved execution and accountability.

• Customer-led growth, project work, and contract renewals contributed to performance, with recurring revenue making up 58% of total revenue.

• All key customer contracts due for renewal were successfully renewed, typically on two to five-year terms.

• Focus on administration cost control and efficient project resource use contributed to improved profitability.

Financial highlights

• Revenue reached AUD 283.6 million, up 9.6% year-over-year; recurring revenue was AUD 165 million, up 6.9% year-over-year.

• Cash EBITDA was AUD 77.1 million, up 76% year-over-year; underlying NPAT was AUD 63.1 million, up AUD 38.7 million year-over-year.

• Net closing cash position was AUD 50.3 million, with net operating cash inflow of AUD 82.8 million.

• Total dividends of AUD 0.2523 per share announced for FY2026, representing 100% of underlying NPAT.

• Operating costs declined due to cost base optimization and lower headcount.

Outlook and guidance

• FY2027 revenue guidance is AUD 280–300 million, with 65% of revenue pre-contracted.

• Cash EBITDA forecasted at AUD 84–94 million, with a midpoint margin of about 30%.

• Continued focus on disciplined cost management and resource optimization to support growth.

• Capital allocation to balance organic initiatives, M&A opportunities, dividends, and share buybacks.