Bravura Solutions Limited (AU:BVS) has released an update.
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Bravura Solutions Limited reported a solid financial turnaround in FY24, with gross revenue reaching $250.4m and EBITDA of $25.8m, marking a significant rise from the previous year. The company boasts a strong debt-free cash position and has shifted focus from restructuring to growth, with future plans including a capital return, share buyback, and eventual dividend payments. Despite anticipating a revenue dip in FY25 due to the cessation of one-off licence fees and lower project revenue, Bravura remains committed to ongoing cost reduction efforts.
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