Bravura Reports $140M Revenue, $25.9M Underlying Profit, New CEO Named

Bravura Solutions Delivers Steady Growth Amid Transition

Bravura Solutions Limited has released its half-year financial results for the period ended 31 December 2025, revealing a 9.8% rise in revenue from ordinary activities to $140 million, excluding the $56.3 million non-recurring licence sale recorded in the previous corresponding period. This growth underscores the company’s ongoing strength in its core financial software services across the EMEA and APAC regions.

Underlying net profit after tax (NPAT) came in at $25.9 million, down from $61.2 million in the prior period, primarily due to the absence of the one-off licence sale to Fidelity International in 2024. However, EBITDA excluding non-recurring items surged 59.3% to $37.9 million, reflecting improved operational efficiency and solid demand for Bravura’s maintenance, support, and professional services.

Regional Performance and R&D Focus

The EMEA segment led the charge with a 13.3% revenue increase to $102.4 million and an EBITDA margin expansion to 46.8%, while the APAC segment saw a modest 1.3% revenue rise to $37.6 million and a slight margin improvement to 40.6%. Bravura continues to invest in its product suite, particularly the Alta and Advice OS platforms, with capitalised R&D expenditure of $0.6 million during the half-year, aimed at enhancing functionality and expanding market reach.

Leadership Change and Dividend Declaration

In a notable leadership development, Colin Greenhill was appointed Group CEO effective 1 January 2026, succeeding interim CEO Shezad Okhai, who has resumed a Non-Executive Director role. This transition marks a new chapter for Bravura as it seeks to build on its recent momentum.

The Board declared an interim dividend of 10.23 cents per share, totaling approximately $45.9 million, alongside a special dividend of 4.46 cents per share (around $20 million). The dividends are payable on 12 March 2026, with the record date set for 18 February 2026. The Dividend Reinvestment Plan remains suspended, signalling a preference for cash returns to shareholders at this stage.

Outlook and Operational Stability

Bravura’s workforce remains stable with 973 full-time equivalent employees across key markets including the UK, Australia, New Zealand, South Africa, India, and Poland. The company reported no significant changes in its state of affairs during the period, maintaining a solid balance sheet and operational footing as it navigates a competitive technology landscape.

While the prior period’s licence sale distorts direct profit comparisons, the underlying business performance and strategic investments position Bravura well for sustained growth. Investors will be watching closely how the new CEO steers the company through its next phase.