Bravura returns to profitability in H1 amid business 'reset'

Platform technology provider gross revenues up 7.4% in first half

Jenna Brown
clock • 1 min read

Bravura returned to profitability in the first half of its financial year with both revenue and earnings up on the previous period in 2023.

The platform technology provider said gross revenue was AU$127m (£66m), up 7.4% on the first half of 2023. It added that its earnings before interest, tax, depreciation and amortisation (EBITDA) was AU$7.9m (£4.1m) also up on last year. The results said: "Bravura has returned to profitability with a positive cash EBITDA of AU$300,000 (£156,000) for H124. "Bravura has a strong net closing debt-free cash position of AU$88.3m (£xx) as 31 December 2023, and had a first-half net cash inflow of AU$12.6m (£6.5m)." It added it was forecasting full-year revenue to be about the same as 20...

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