Bravura Solutions Limited · ASX:BVS
Bravura Solutions — H1 2026 Earnings Presentation
24 slides from Bravura Solutions's earnings presentation, Feb 11, 2026
Slide 1: 1H26 Results Presentation
1H26 Results Presentation 11 February 2026
Slide 2: Agenda
Agenda 01 1H26 Highlights 02 Capital Management 03 1H26 Results Details 04 Outlook / Guidance 05 Q&A 06 Appendix Results 1H26 (ASX: BVS) Bravura Solutions 1H26 Results Presentation 2
Slide 3: 1H26 Highlights
1H26 Highlights 01 Strong growth of 9.8% in underlying revenue compared to prior period and continued improvement in underlying CEBITDA of $34.2m (24% Cash EBITDA margin) 02 New market entry into UK Workplace with a UK anchor client reinforces our focus on growing with our existing customers as they
Slide 4: 1H26 Financial Results
1H26 Financial Results Exceeded previous expectations for 1H26 taking disciplined approach to business performance Profitability1 Revenue Capital Management CEBITDA Revenue Net Closing Cash $34.2m $140.0m $64.5m Up 71% vs 1H251 Up 9.8% vs 1H251 BVS will continue to focus on strong capital manage
Slide 5: Agenda
Agenda 01 1H26 Highlights 02 Capital Management 03 1H26 Results Details 04 Outlook / Guidance 05 Q&A 06 Appendix Results 1H26 (ASX: BVS) Bravura Solutions 1H26 Results Presentation 5
Slide 6: Capital Management
Capital Management Dividends Cash and liquidity (A$m)1. 1. 1H26 Dividend - $25.9m, 5.77 cps (payable in March 2026) Cash Balance at 31 December 2025 $65m 2. 1H26 Special Dividend - $20.0m, 4.46 cps (payable in March 2026) Interim Dividend $26m Total – 10.23 cps in FY26 Special Dividend $20m Capital
Slide 7: Dividends and capital return
Dividends and capital return Amount Amount 1H26 (cents per Timing of payment ($ millions) share) Bravura has Interim Divided 26m 5.77 March 2026 declared / paid over 40 cents per Special Dividend 20m 4.46 March 2026 share in dividends and capital FY25 return since Ordinary Dividends 20.3 4.52 April
Slide 8: Agenda
Agenda 01 1H26 Highlights 02 Capital Management 03 1H26 Results Detail 04 Outlook / Guidance 05 Q&A 06 Appendix Results 1H26 (ASX: BVS) Bravura Solutions 1H26 Results Presentation 8
Slide 9: Recurring Revenue grew 5% vs 1H25
Recurring Revenue grew 5% vs 1H25 Recurring Revenue ($ millions) Headlines ▪ Recurring revenue growth is driven by improved pricing as well as growing with ▪ Recurring revenue attrition includes the impact of the lost services existing customers. 5% YoY increase as growth with existing customers mor
Slide 10: Revenue and Operating Costs, and Cash EBITDA
Revenue and Operating Costs, and Cash EBITDA Revenue and Operating Costs (A$m) Cash EBITDA (A$m) 1. Employee expenses includes capitalised R&D 2. Other expenses excludes restructuring costs Operating costs discipline and revenue growth has continued to improve margins Bravura Solutions 1H26 Results
Slide 11: Agenda
Agenda 01 1H26 Highlights 02 Capital Management 03 1H26 Results Details 04 Outlook / Guidance 05 Q&A 06 Appendix Results 1H26 (ASX: BVS) Bravura Solutions 1H26 Results Presentation 11
Slide 12: As the business outperforms, we have upgraded our FY26 guidance
As the business outperforms, we have upgraded our FY26 guidance Original guidance October 25 updated guidance 9th Feb 26 updated guidance Revenue Revenue Revenue Around $258.7m $265m - $275m $280m - $285m Cash EBITDA Cash EBITDA Cash EBITDA At least $50m $55m – $65m $69m – $73m PPE PPE PPE $2m
Slide 13: Agenda
Agenda 01 1H26 Highlights 02 Capital Management 03 1H26 Results Details 04 Outlook / Guidance 05 Q&A 06 Appendix Results 1H26 (ASX: BVS) Bravura Solutions 1H26 Results Presentation 13
Slide 14: Questions
Questions Bravura Solutions 1H26 Results Presentation
Slide 15: Agenda
Agenda 01 1H26 Highlights 02 Capital Management 03 1H26 Results Details 04 Outlook / Guidance 05 Q&A 06 Appendix Results 1H26 (ASX: BVS) Bravura Solutions 1H26 Results Presentation 15
Slide 16: 1H26 Results Summary
01 1H26 Results Summary 1H26 2H25 1H25 2H24 1H24 Maintenance, support and hosting 83.5 80.5 78.7 77.4 73.4 Professional services 52.0 46.0 46.2 42.6 47.7 Licence fees 4.4 2.7 2.3 1.9 5.9 Other sales revenue 0.1 0.0 0.3 0.1 0.0 Total revenue from customers 140.0 129.2 127.5 122.0 127.0 Other income¹
Slide 17: Cash Flow
01 Cash Flow A$m 1H26 1H25 1H26 Cashflow A$m Receipts from customers 163.4 147.2 Cash at 30 June 2025 58.7 Receipts from customers - sale of licence 0.0 46.3 Operating cash flow 41.2 Payments to suppliers and employees (118.4) (122.2) Investing cash flow (2.8) Interest received 0.2 2.4 Income taxes
Slide 18: Balance Sheet
01 Balance Sheet A$m 31 Dec 2025 30 Jun 2025 $ chg % chg Key Callouts Cash 64.5 58.7 5.8 9.9% 1 1. Cash has increased due to significantly improved debtor collection, Trade receivables 44.0 36.9 7.1 19.2% 2 as well as the benefit of now fully-realised cash cost savings from 12.6 13.2 (0.6) (4.5)% re
Slide 19: 1H26 Operating Results
01 1H26 Operating Results1 A$m 1H26 1H25 $ chg % chg Key Callouts EMEA 102.4 90.4 12.0 13.3% 1. Total revenue increased 9.8% in 1H26 vs the pcp, driven APAC 37.6 37.1 0.5 1.3% predominantly by price increases in underlying contracts, and growth in professional services revenue streams . Total Operat
Slide 20: Reconciliation of Cash EBITDA to Underlying NPAT
01 Reconciliation of Cash EBITDA to Underlying NPAT A$m 1H26 1H25 $ chg % chg Descriptions Revenue 140.0 127.5 12.5 9.8% Cash EBITDA provides the cash result for the business. It includes Less: Operating Costs (102.5) (104.1) (1.6) (1.5)% Revenue less Operating Costs by adding the cost of Developed
Slide 21: Glossary
06 Glossary APAC Recurring Revenue Asia and Pacific Region Recurring revenue comprises revenues contracted for the contract term and typically includes maintenance, managed services, hosting, cloud and SaaS. We have significant contracted Cash EBITDA (CEBITDA) minimum PS days that are not included i
Slide 22: Important Notice and Disclaimer
Important Notice and Disclaimer The information contained in this document (including this notice) and discussed at this presentation (collectively, the Presentation) has been prepared by Bravura Solutions Limited (Bravura). The Presentation is subject to the conditions outlined below. Your receipt,
Slide 23: Important Notice and Disclaimer
Important Notice and Disclaimer PAST PERFORMANCE Past performance information given in this presentation is given for illustrative purposes only and should not be relied upon (and is not) an indication of future performance. DISCLAIMER The information is supplied in summary form and is therefore not
Slide 24: For more information, visit: www.bravurasolutions.com/investors
For more information, visit: www.bravurasolutions.com/investors investors@bravurasolutions.com Bravura Solutions 1H26 Results Presentation