Bravura Solutions FY26 Results Highlight Revenue Growth, Higher Cash EBITDA and Expanded Capital Returns

Sonal Goyal

12 August 2026 10:58 AM AEST

Bravura Solutions FY26 Results Highlight Revenue Growth, Higher Cash EBITDA and Expanded Capital Returns

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Key Highlights

Underlying Revenue from Customers increased 9.6% year over year to $282.6 million, while Recurring Revenue rose 6.9% to $165.0 million.
Underlying Cash EBITDA increased by $33.3 million to $77.1 million, representing a 27.3% Cash EBITDA margin.
Bravura declared total FY26 dividends of $113.2 million, comprising ordinary and special dividends, and announced an on-market share buyback of up to $50 million.
FY27 guidance calls for revenue of $280 million to $300 million and Cash EBITDA of $84 million to $94 million, based on an assumed Exchange Rate of 1.90 Australian dollars to one British pound.

Bravura Solutions (ASX:BVS) reported a year of higher underlying revenue and Earnings for the period ended 30 June 2026, alongside several Capital management initiatives. Underlying Revenue from Customers reached $282.6 million, representing growth of 9.6% from FY25 despite foreign exchange headwinds during the second half.

Recurring Revenue was $165.0 million, compared with $154.3 million in the previous financial year. The company defines Recurring Revenue as support, maintenance and hosting revenue, together with the recurring portion of licence fees, excluding one-off support billed on a time-and-materials basis.

Underlying Cash EBITDA rose to $77.1 million from $43.8 million, an increase of $33.3 million. The resulting Cash EBITDA Margin was 27.3%. Underlying Net Profit after Tax increased to $63.1 million, compared with $24.4 million in FY25. Bravura ended FY26 with $50.3 million in cash and no debt.

Technology Operations and Client Delivery

Bravura reported several operating milestones across its software platforms during FY26. Midwinter Digital Advice solutions became available to more than six million members, while Sonata Alta processed tens of millions of transactions with more than 99% straight-through processing.

The company also reported a 60% efficiency improvement for a large global Custodian using Orchestrator workflow automation. In the United Kingdom, development progressed across workplace pensions, employer engagement and Annuity functionality.

Bravura said its team numbered approximately 950 people during the year. The company also expanded its international market presence through admission to trading on AIM, a market operated by the London Stock Exchange, on 28 July 2026.

Dividends and Capital Management

Bravura announced a final FY26 ordinary Dividend of 8.31 cents per share, alongside a Special Dividend of 6.69 cents per share. The combined final distribution is 15.0 cents per share, with total FY26 dividends declared reaching $113.2 million, or 25.23 cents per share.

The dividends are unfranked. The Record Date for both the final and special dividends is 25 August 2026, with payment scheduled for 3 September 2026. The Dividend reinvestment Plan remains suspended.

The company also announced an on-market share buyback of up to $50 million over a period of up to 12 months from 31 August 2026. The program is intended to operate within the 10% buyback allowance under the Corporations Act. The number of shares acquired and the timing of purchases will depend on factors including the prevailing share price, market conditions and Bravura's capital requirements.

New Debt Facilities and FY27 Outlook

On 12 August 2026, Bravura entered into a new debt Facility agreement with HSBC providing up to $100 million of committed funding. The arrangement consists of a $50 million amortising term Loan and a $50 million revolving Credit facility, both with three-year maturities and interest rates based on BBSY plus a margin. The facilities are senior secured by first-ranking all-asset security.

For FY27, Bravura is guiding for revenue of $280 million to $300 million and Cash EBITDA of $84 million to $94 million. The guidance assumes an exchange rate of 1.90 Australian dollars to one British pound, compared with 1.98 in FY26.

Conclusion

Bravura Solutions' FY26 results show higher underlying revenue, recurring revenue, Cash EBITDA and Underlying NPAT, accompanied by a year-end cash balance of $50.3 million and no debt. The company has outlined a capital management program incorporating ordinary and special dividends, an on-market buyback of up to $50 million and new committed debt facilities of up to $100 million. For FY27, management has provided revenue and Cash EBITDA ranges that incorporate the stated foreign exchange assumption and the company's operating outlook.

FAQs

Q: What was Bravura Solutions' FY26 underlying revenue?

A:Underlying Revenue from Customers was $282.6 million, up 9.6% year over year.

Q: How much did Bravura's Cash EBITDA increase in FY26?

A:Underlying Cash EBITDA increased by $33.3 million to $77.1 million, with a Cash EBITDA margin of 27.3%.

Q: What dividend did Bravura declare for FY26?

A:Bravura declared a final ordinary dividend of 8.31 cents per share and a special dividend of 6.69 cents per share. Total FY26 dividends declared were 25.23 cents per share.

Q: What is Bravura's FY27 revenue guidance?

A:The company is guiding for FY27 revenue of $280 million to $300 million.

Q: Has Bravura announced a share buyback?

A:Yes. Bravura announced an on-market buyback of up to $50 million over a period of up to 12 months from 31 August 2026.

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