In an ASX listing, Bravura said it has upgraded its guidance for FY24–25 gross revenue from $241 million–$245 million to $248 million–$252 million, alongside upping its earnings before interest, tax, depreciation and amortisation (EBITDA) from $41 million–$44 million to $46 million–$49 million.
The positive news spurred a surge in the firm’s share price on Wednesday morning, lifting by 19.5 per cent by 12pm (AEDT).
“We are successfully executing to the four strategic pillars of our Energise, Build and Grow strategy,” chief executive Andrew Russell said.
“Our operational business improvement execution is delivering CEBITDA margin expansion and profitability improvement through both revenue growth and cost reduction. Consequently, we are upgrading our guidance again for revenue, EBITDA and CEBITDA.”
The company posted revenue of $127.5 million in the first half of 2025, up 0.4 per cent on the year, alongside EBITDA growth of $15.9 million to $23.8 million at the end of December. Underlying net profit after tax climbed 746.7 per cent to $11.3 million.
“We continue to outperform our guidance targets,” Russell said on a post-results webinar, adding that the firm is confident it is well positioned for further improvements in performance in FY25–26.
In the coming period, Bravura said its product themes and focus with clients will be on data, artificial intelligence automation, digitisation, as well as digital advice.
Earlier this month, AMP announced the launch of a new digital advice solution developed in partnership with Bravura Solutions.
Touching on this on Wednesday, Russell said Bravura is building relationships with key players in the Asia-Pacific market and is considered “top of the tree” by firms looking to implement a digital advice solution.
Following this turnaround in financial performance, the firm said it is now in a position to recommence dividend payments and announced a special dividend of 8.92 cents per share, alongside an interim dividend of 1.6 cents per share for the half year ending 31 December.
Bravura posted a net profit of $8.8 million in FY23–24 after suffering a loss of $280.7 million in FY22–23.
Its adjusted net profit after tax was an equal $8.8 million, up $31.9 million compared to FY22–23, while total gross revenue rose to $250.4 million compared to $249.6 million in the year prior.
Commenting on the firm’s performance at the time, Russell said: “Given the scale and pace of our transformation, the overall business has returned to profitability in FY24.”
