The software provider posted underlying revenue of A$256.8 million, up 3.1%
SYDNEY: Bravura Solutions Limited (ASX:BVS) reported a sharp rise in earnings for the fiscal year ended June 30, 2025, driven by recurring revenue growth and a one-off licence sale to Fidelity International.
The software provider posted underlying revenue of A$256.8 million, up 3.1% year over year, with recurring revenue contributing A$154.3 million. Underlying EBITDA surged to A$50.5 million, nearly doubling from the prior year, while underlying net profit after tax rose to A$24.4 million, up A$15.6 million.
Bravura ended the year with A$58.7 million in cash and no debt.
The company announced a final dividend of A$13.1 million (2.92 cents per share) and a special dividend of A$8 million (1.79 cents per share), linked to the perpetual licence sale of its Sonata software to Fidelity. Both dividends are unfranked, with a record date of Aug. 20 and payment scheduled for Sept. 3.
Operational highlights included the rollout of Midwinter Digital Advice to over 6 million members, over 99% straight-through processing via Sonata Alta, and a 60% efficiency gain for a global custodian using Bravura’s Orchestrator workflow automation.
The company expects FY26 underlying revenue to remain steady, with Cash EBITDA projected to exceed A$50 million.
Bravura’s CEO search is ongoing, with an appointment expected by the annual general meeting.