Bravura Solutions – 2025 Interim Results Summary
Overall Tone
Bravura Solutions delivered a significantly improved financial performance in 1H25, rebounding strongly from the prior period’s losses. The company benefited from a one-off licence sale to Fidelity International, significantly boosting profitability. Underlying performance also improved, with EBITDA and cash flow showing strong growth despite some regional revenue softness.
Financial Results Summary
| Metric | 1H25 | 1H24 | % Change |
|---|---|---|---|
| Revenue | $183.8M | $127.0M | +44.7% |
| Revenue (excluding licence sale) | $127.5M | $127.0M | +0.4% |
| Adjusted EBITDA | $23.8M | $7.9M | +201% |
| Operating Cash Flow | $67.1M | $18.8M | +257% |
| Adjusted Earnings Before Tax (EBT) | $18.0M | -$1.7M | N/A |
| Normalised EPS | 2.5c | -0.4c | N/A |
Outlook Commentary
Bravura Solutions remains focused on its strategic growth initiatives, particularly in expanding its software offerings and improving operational efficiencies. The company continues to invest in its Alta and Advice OS platforms, aiming to enhance product functionality and expand its total addressable market.
Guidance Statements
The company has not provided formal earnings guidance but expects continued profitability and cash flow strength. It remains committed to prudent capital allocation, with a focus on maintaining a strong balance sheet and shareholder returns.
Result vs Market Expectations
The strong results, particularly the one-off licence sale impact, exceeded market expectations. The significant profitability rebound has likely reassured investors, although the market will be keen to assess sustainable earnings growth excluding non-recurring items.
Market Positioning
- Share price performance pre-results: The stock had seen moderate gains in the prior week.
- 52-week high comparison: The share price remains below its 52-week high, suggesting there is room for further upside if the company maintains its momentum.
Disclaimer:
This information is provided purely for educational purposes. It takes no account of an individual’s personal financial circumstances and hence can in no way constitute financial advice. The above data may be subject to errors or inconsistencies for which the author takes no liability. It is imperative that all investors do their own research or, if they need advice, seek it from a qualified financial adviser.
Quick Take: 1HFY25 ASX:BVS