Bravura Solutions Limited · ASX:BVS
Bravura Solutions — FY2025 Earnings Presentation
25 slides from Bravura Solutions's earnings presentation, Aug 13, 2025
Slide 1: FY25 Results Presentation
For personal use only FY25 Results Presentation 13 August 2025
Slide 2: Summary
Summary For personal use only ▪ Underlying Revenue1, 2 of $256.8m, 3.1% year over year growth (0.7% on constant currency basis), of which $154.3m is Recurring Revenue3. ▪ Underlying Cash EBITDA of $43.8m (17% Cash EBITDA margin4). ▪ $58.7m of cash and no debt. Final FY25 dividend of $13.1m (2.92c pe
Slide 3: Agenda
Agenda For personal use only FY25 Results Summary Business Update FY25 Results Detail Outlook Q&A Appendix 3
Slide 4: FY25 Results Summary
FY25 Results Summary1 For personal use only ▪ Revenue2 grew by 3.1% year-over-year. Revenue growth on a constant currency basis was 0.7%. ▪ Underlying Cash EBITDA of $43.8m results in a Cash EBITDA margin of 17% in FY25 (FY24: 4.0%). ▪ 2H25 Cash EBITDA margin was 18% compared to 16% in 1H25. ▪ Ended
Slide 5: Agenda
Agenda For personal use only FY25 Results Summary Business Update FY25 Results Detail Outlook Q&A Appendix 5
Slide 6: Business Update
Business Update Organisation and Incentives EMEA Reportable Segment APAC Reportable Segment For personal use only ▪ EMEA $186m FY25 revenue is comprised of: ▪ APAC $73m FY25 revenue is a Wealth Management business. ▪ EMEA Wealth Management: key products include Sonata ▪ Key products include Sonata,
Slide 7: Agenda
Agenda For personal use only FY25 Results Summary Business Update FY25 Results Detail Outlook Q&A Appendix 7
Slide 8: Recurring Revenue
FY25 Results Detail Recurring Revenue Recurring Revenue is: ▪ Reported Support, Maintenance and Hosting Revenue, For personal use only Recurring Revenue ($ millions) plus ▪ Portion of Licence Fees that are recurring, less 160 ▪ One-off support billed on a time and materials basis. 155 3.8 154.3 Cate
Slide 9: Operating Costs
FY25 Results Detail Operating Costs Operating Costs ($ millions) FTE by Category 140 For personal use only Other expenses ex restructure Third party costs 120 119 Employee expense inc capitalised 15 106 104 Category % of FTE Notes 104 100 14 13 13 13 Support and Hosting 27% Provision of customer sup
Slide 10: Capital Return and Dividends
FY25 Results Detail Capital Return and Dividends Amount For personal use only Description Amount ($ millions) Status (cents per share) Capital Return $73.2m 16.3 Paid Jan 2025 Special Dividend $40.0m 8.92 Paid April 2025 1H25 Dividend $7.2m 1.6 Paid April 2025 Special Dividend $8.0m 1.79 Payable Sep
Slide 11: Agenda
Agenda For personal use only FY25 Results Summary Business Update FY25 Results Detail Outlook Q&A Appendix 11
Slide 12: Outlook Overview
Outlook Overview FY26 Outlook Goals Priorities For personal use only ▪ Lead in the Financial Services niches that we serve. ▪ Protect and grow Recurring Revenue. ▪ Keep our products competitive and responsive to ▪ Advance core platforms: customer needs through targeted, disciplined ▪ Build high-valu
Slide 13: FY26 Outlook data points
FY26 Outlook data points FY26 Outlook Foreign Exchange FX Rate to AUD % of FY25 Revenue For personal use only FY25 Avg GBP 64% 2.00 AUD 23% 1.00 NZD 7% 0.91 Other 6% N/A Customer Attrition ▪ On 2 November 2022, Bravura disclosed three customer exits. In FY26, one of these three customers will comple
Slide 14: Agenda
Agenda For personal use only FY25 Results Summary Business Update FY25 Results Detail Outlook Q&A Appendix 14
Slide 15: Questions
For personal use only Questions Bravura Solutions FY25 Results Presentation
Slide 16: Agenda
Agenda For personal use only FY25 Results Summary Business Update FY25 Results Detail Outlook Q&A Appendix 16
Slide 17: Cash Flow to June 2025
FY25 Results Detail Cash Flow to June 2025 A$m FY25 FY24 For personal use only FY25 Cashflow A$m Receipts from customers 292.2 298.4 Cash at 30 June 2024 90.0 Receipts from customers – sale of licence 56.2 0.0 Operating cash flow 100.6 Payments to suppliers and employees (240.2) (267.3) Investing ca
Slide 18: Balance Sheet
FY25 Results Detail Balance Sheet 30 June 30 June A$m $ chg % chg 2025 2024 For personal use only Cash 58.7 90.0 (31.3) (35%) 1 Trade receivables 36.9 39.6 (2.7) (7%) Contract assets 13.2 19.2 (6.0) (31%) 1. Cash has decreased due to return of capital and dividend distributions. Year-end cash positi
Slide 19: Impact of Fidelity International Licence Sale on FY25
Impact of Fidelity International Licence Sale on FY25 Operating Metrics Key Callouts For personal use only All figures in A$ millions Bravura Solutions FY25 Results Presentation 19
Slide 20: Reconciliation of EBITDA and Cash EBITDA
Reconciliation of EBITDA and Cash EBITDA Descriptions For personal use only A$m FY25 FY24 $ chg % chg Underlying EBITDA to Underlying Cash EBITDA 1. EBITDA Operating Revenue minus Operating Costs adding back capitalised development costs and depreciation on right of use Revenue 258.7 250.4 8.3 3.3%
Slide 21: Reconciliation from Revenue to Recurring Revenue
Reconciliation from Revenue to Recurring Revenue Commentary For personal use only A$m FY25 FY24 $ chg % chg Revenue Breakdown 1. Professional services 35-40% of our expected Professional Services revenue in FY26 Maintenance, Support & Hosting 159.3 150.9 8.4 6% is contracted, with a further 35-40% e
Slide 22: Reconciliation to Operating Expenses
Reconciliation to Operating Expenses For personal use only A$m FY25 FY24 $ chg % chg Operating Expenses Employee benefits expenses 153.6 167.2 (13.6) (8.1%) Plus: Capitalised employee costs 1.9 2.2 (0.3) (13.6%) Employee Expenses (inc capitalised) 155.5 169.4 (13.9) (8.2%) Third Party Costs 26.8 27.
Slide 23: Glossary
Glossary APAC Asia and Pacific Region For personal use only Cash EBITDA (CEBITDA) Revenue minus operating costs (including hosting asset depreciation) less capitalized development costs, PPE capex, lease costs and one-off revenue adjustments EBITDA Operating revenue minus operating costs including h
Slide 24: 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 25: Important Notice and Disclaimer
Important Notice and Disclaimer PAST PERFORMANCE For personal use only 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 for