Key highlights

  • Bravura reported FY26 underlying Revenue of $282.6 million, underlying cash EBITDA of $77.1 million and underlying NPAT of $63.1 million.
  • A final ordinary Dividend of 8.31 cents and a Special Dividend of 6.69 cents per share were declared, alongside an on-market buy-back of up to $50 million.
  • FY27 guidance is revenue of $280–300 million and cash EBITDA of $84–94 million, and the company was admitted to AIM on 28 July 2026.

Bravura Solutions Ltd (ASX:BVS) was trading at $3.23 on 21 October 2026, up 1.57% in the session. The S&P/ASX 200 Info Tech [XIJ] index was at 1,614.00, a fall of 3.38% (56.50 points), and the S&P/ASX 200 [XJO] was at 8,811.10, a fall of 0.066% (5.80 points), at 3:12 pm GMT+11. In the United States on Tuesday, the Dow added 1.02% to 52,495.88 and the S&P 500 rose 0.28% to 7,712.57, while the Nasdaq Composite dipped about 0.02% to 26,424.82 as several large technology stocks declined on reassessed valuations and upcoming corporate earnings. Bravura Solutions is a provider of software for wealth management, funds administration and pensions.

What Bravura Solutions does

Bravura Solutions Limited develops software for wealth management, funds administration and workplace pensions, including its Sonata platform, the Sonata Alta transaction processing solution, Midwinter digital advice tools and Orchestrator workflow automation. It has about 950 staff and customers in Australia, New Zealand and the United Kingdom.

FY26 results

In an ASX release dated 12 August 2026, Bravura reported underlying revenue from customers of $282.6 million, up 9.6% year on year despite second-half foreign exchange headwinds. Recurring Revenue was $165.0 million, up 6.9% from $154.3 million. Underlying cash EBITDA was $77.1 million, a 27.3% margin, up $33.3 million, and underlying NPAT was $63.1 million, up $38.7 million. Underlying figures exclude a FY25 perpetual licence agreement and FY26 deferred tax asset recognition.

The company ended the year with $50.3 million of cash and no debt.

Dividends and Capital management

Bravura declared a final ordinary dividend of $37.3 million (8.31 cents per share) and a special dividend of $30.0 million (6.69 cents per share), together 15.0 cents per share. Total FY26 dividends equate to $113.2 million (25.23 cents per share). The dividends are unfranked, the Dividend reinvestment plan remains suspended, the Record Date is 25 August 2026 and payment is on 3 September 2026.

The company also entered a new Debt Facility with HSBC providing funding of up to $100 million and announced an on-market buy-back of up to $50 million of shares over 12 months.

AIM listing and FY27 guidance

Bravura was admitted to trading on AIM, a London Stock Exchange market, on 28 July 2026. For FY27, it is guiding to revenue of $280–300 million and cash EBITDA of $84–94 million, assuming an Exchange Rate of 1.90 AUD per GBP, compared with 1.98 in FY26.

Sector context

Technology shares are being assessed against Earnings and valuations. During the session, the S&P/ASX 200 Info Tech index was at 1,614.00, down 3.38%, and the broader S&P/ASX 200 was at 8,811.10. In the United States, the Nasdaq is described as sensitive to corporate earnings and forward guidance and to artificial intelligence infrastructure spending. Wealth platform software providers report recurring revenue and are exposed to currency movements, particularly sterling, as in Bravura’s guidance assumption.

Risks and uncertainties

FY27 revenue guidance of $280–300 million brackets FY26 underlying revenue of $282.6 million, so growth at the lower end would be small. Guidance depends on an assumed exchange rate, and foreign exchange was a headwind in the second half. Underlying results exclude deferred tax and licence items, and the new debt facility adds a funding commitment alongside the buy-back and dividends. Customer concentration, project delivery and the dual listing’s costs can affect outcomes.

Catalysts to watch

Items to watch include the dividend payment on 3 September 2026, buy-back execution, the HSBC facility, performance against FY27 guidance and trading on AIM.

Wrapping up

Bravura’s 12 August 2026 release combined higher profit with dividends, a buy-back and new debt capacity. FY27 guidance sets the reference points for the next result.