ASX-listed financial technology provider Bravura Solutions has announced a return to profitability in its half-year results, reinstating dividend payments and upgrading its full-year guidance.
The company reported revenue of $127.5 million for the six months ending 31 December 2024, a slight increase of 0.4 per cent compared to the previous corresponding period.
Earnings before interest, tax, depreciation and amortisation rose by $15.9 million to reach $23.8 million, while cash earnings before tax improved by $20.3 million to $20 million .
"We are successfully executing to the four strategic pillars of our Energise, Build and Grow strategy," Andrew Russell, group chief executive officer and managing director, said.
"Our operational business improvement execution is delivering CEBITDA margin expansion and profitability improvement through both revenue growth and cost reduction," Russell added.
Bravura reported strengthening client relationships across its Europe, Middle East and Africa, and Asia-Pacific operations through improved execution and business enhancement initiatives.
The company's underlying net profit after tax reached $11.3 million , marking a $13 million improvement from the previous corresponding period.
Following the results, Bravura has upgraded its full-year guidance to $248-$252 million in gross revenue from $241-$245 million, reflecting enhanced financial performance and a positive outlook for the remainder of the fiscal year.
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