Forum Topics BVS BVS Guidance Upgrade

Pinned straw:

Added 12 months ago

FY25 upgraded guidance and intention to recommence dividend payments

Bravura Solutions Limited (ASX:BVS) (Bravura or the Company) is upgrading its FY25 guidance as follows:

• Cash EBITDA1 to a range of $33m - $36m (previously $28m to $32m)

• EBITDA1 to a range of $41m - $44m (previously $36m - $40m)

• Revenue1 to a range of $240m - $245m (previously $235m - $240m)

The upgraded FY25 guidance follows the successful transformation and execution of the business strategy over

the past 18 months.

Dividend update

As a result of the Company’s return to profitability and cash generation, Bravura intends to recommence the

declaration of dividends in February 2025 when the 1H25 results are announced, with payment in March 2025.

This is in addition to the capital return of at least $0.163 per share to be paid on 30 January 2025, reflecting the

Company’s improved financial performance and strong balance sheet.

Bravura’s Group CEO Andrew Russell said:

“We are pleased to inform shareholders that our Cash EBITDA, EBITDA and revenue performance is anticipated to

be ahead of the guidance previously provided. This is further confirmation of the execution progress of our

strategy to reset and energise the Bravura business. We have returned to profitability and have a healthy balance

sheet. As a result, we intend to recommence the payment of dividends which will be announced as part of our half

year results.”


thunderhead
Added 12 months ago

Technically speaking, there is room to run on the chart all the way up to around $2.50.

Judging by the follow through since earlier in the week, it looks like the shares want to get there in a hurry!

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Solvetheriddle
Added 12 months ago

@thunderhead i think i owe whoever put the post on the insider buying (stopped me selling), a beer --maybe a couple lol

17

edgescape
Added 12 months ago

Will be interesting to see what happens once this goes ex-dividend after the big special dividend is paid out

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