Key points
- Revenue from contracts with customers increased 0.4% to $127.5 million
- EBITDA excluding non-recurring licence sale revenue increased to $23.8 million
- Profit after tax adjusted for non-recurring items was $11.3 million
Full summary
Bravura Solutions Limited has reported its interim financial results for the half-year ended 31 December 2024. Revenue from contracts with customers for 1H25 was $127.5 million, 0.4% higher than the prior comparative period. EBITDA excluding non-recurring licence sale revenue increased to $23.8 million, significantly above the prior comparative period of $7.9 million. Profit after tax adjusted for non-recurring items was $11.3 million compared to $1.7 million loss in the prior comparative period. Profit after tax for 1H25 was $61.2 million (1H24: $1.7 million loss). The EMEA segment revenue increased by 1.2% to $90.4 million, and EBITDA increased by $6.2 million to $31.6 million. The APAC segment revenue decreased by 1.5% to $37.1 million, and EBITDA increased by $8.7 million to $12.2 million. The company's current R&D program is focused on Alta and Advice OS, strengthening product functionality and expanding the total addressable market.
Guidance
The company issued a perpetual licence to Fidelity International over the Fidelity Sonata software for a one-off licence fee of GBP 29 million, which has been recognised in full in the period ended 31 December 2024.