Bravura upgrades guidance
Financial services technology solutions company, Bravura Solutions, has upgraded its guidance ahead of the release of its full-year results next month.
The company announced to the Australian Securities Exchange (ASX) on Friday that, based on unaudited figures, it now expected cash EBITDA for the 2025/26 financial year to be approximately $77 million, up from the previous guidance of $69 million to $73 million.
It said that revenue for the period was expected to be within the previous guidance of $280 million to $285 million, with property plant and equipment capital expenditure expectations also remaining unchanged at $4 million.
The company attributed the upgraded expectations to strong demand for project services across its business units and the maintenance overall cost discipline.
Commenting on the guidance, Bravura chief executive, Colin Greenhill said he was pleased by the strong performance over the past six months.
He said the firm had been focussed on greater engagement with its customers which has led to increased project work and stronger renewals.
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