Bravura Solutions shares climb as AIM newbie marks 76% jump in cash earnings

Bravura Solutions Ltd (AIM:BVS), the wealth management software firm that floated last month, got off to a positive start on Wednesday after reporting a 76% jump in underlying cash EBITDA to A$77.1 million for FY26 and unveiled an on-market share buyback of up to A$50 million, alongside A$67.3 million of final and special dividends. Underlying revenue increased 9.6% to A$282.6 million despite second-half currency headwinds, while recurring revenue rose 6.9% to A$165.0 million. Underlying net profit after tax climbed to A$63.1 million from A$24.4 million. Bravura finished June with A$50.3 million of cash and no debt. The software group declared an 8.31-cent final ordinary dividend worth A$37.3 million and a 6.69-cent special dividend worth A$30 million. Total dividends declared for FY26 reached A$113.2 million, or 25.23 cents per share. The buyback will run for up to 12 months from 31 August and will be funded from cash and, if required, new borrowing facilities. Bravura has agreed A$100 million of secured facilities with HSBC and guided for FY27 revenue of A$280-A$300 million and cash EBITDA of A$84-A$94 million. In London, Bravura shares were up 15.5p or 10.8%, changing hands at 159p each.