Bravura Solutions (ASX:BVS) has released its half-year financial results for the period ended Dec. 31, 2024 marking improvements in key metrics.
The company's revenue reached $127.5 million, reflecting a modest growth of 0.4% compared to the previous corresponding period.
Earnings before interest, tax, depreciation and amortisation soared to $23.8 million, representing a $15.9 million increase from the first half of FY24.
The financial turnaround has enabled Bravura to resume dividend payments.
Shareholders can anticipate a special dividend of 8.92 cents per share as well as an interim dividend of 1.6 cents per share, collectively amounting to a total cash distribution exceeding 26 cents per share for FY25.
Both dividends will remain unfranked.
Reflecting on the improved performance and outlook, Bravura has also upgraded its financial guidance for FY25.
Revised projections include gross revenue between $248 million and $252 million, alongside an EBITDA range of $46 million to $49 million.
Russell B. Smith, Group CEO and Managing Director, commented, "We are successfully executing to the four strategic pillars of our Energise, Build and Grow strategy. Our operational business improvement is delivering CEBITDA margin expansion and profitability improvement through both revenue growth and cost reduction."
The company has also announced the suspension of its previously planned on-market share buyback while further strengthening its position with clients in the EMEA and APAC regions through its business improvement strategy.
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