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bravura solutions FY26 Results Presentation 12 August 2026
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2Bravura Solutions FY26 Results Presentation FY26 Highlights01 Capital Management 02 Outlook / Guidance 03 Q&A 04 Appendix 05 Agenda 06 FY26 Results Detail
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3Bravura Solutions FY26 Results Presentation Delivered total dividend return to shareholders for FY26 of 25.23 cents per share Revenue growth has come from closer alignment to existing customer strategic roadmaps We continue to benefit from administration cost focus and efficient use of project resources We have delivered strong performance for FY26, with Cash EBITDA of $77.1m (up 76% on FY25) and revenue of $283.6m (up 10% on FY25) meeting recently upgraded market guidance01 02 03 FY26 Highlights 04 A combined debt facility of up to $100m to optimise capital efficiency and support growth opportunities, and a 12 month on-market buy back of up to $50m05
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4Bravura Solutions FY26 Results Presentation FY26 Highlights01 Capital Management 02 Outlook / Guidance 03 Q&A 04 Appendix 05 Agenda 06 FY26 Results Detail
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Revenue Capital Management FY26 Financial Results Net Closing Cash $50.3m1 Net operating cash inflow $82.8m1 Revenue $283.6m 1. Revenue, CEBITDA and Underlying NPAT exclude non-recurring items of Fidelity licence $56.3m in FY25. Underlying net cash inflow excludes $46.3m of cash relating to the Fidelity licence 2. Comprises of revenue from customers and R&D tax incentives 3. Recurring revenue comprises revenues contracted for the contract term and typically includes maintenance, managed services, h osting, cloud and SaaS. We have significant contracted minimum PS days that are not included in this metric 4. Capital management strategy is outlined on slide 6 Significant improvement on FY25 across all key performance metrics 5Bravura Solutions FY26 Results Presentation Up 9.6% vs FY25 Up $38.4m vs FY25 Down $8.4m vs FY25 Profitability1 Underlying NPAT $63.1m Up $38.7m vs FY251 CEBITDA $77.1m Up $33.3m vs FY25 Recurring Revenue3 $165.0m Up 6.9% vs FY25
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6Bravura Solutions FY26 Results Presentation Recurring Revenue Headlines • Recurring revenue1 represents 58% of total revenue. • Growth is driven by increased demand from existing customers, particularly renewals, customer expansions and right-to-use licences. • Recurring revenue attrition includes the impact of lost revenue as a result of the sale of licence to Fidelity International, as well as change in product mix with existing customers who continue to use Bravura systems. $154.3m FY25 RR +$17.6m Growth ($6.9m) Attrition $165.0m FY26 RR 1. Recurring revenue comprises revenues contracted for the contract term and typically includes maintenance, managed services , hosting, cloud and SaaS. We have significant contracted minimum PS days that are not included in this metric
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7Bravura Solutions FY26 Results Presentation Cash EBITDA (A$m)Revenue and Costs (A$m) Revenue and Operating Costs, and Cash EBITDA – by halves
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8Bravura Solutions FY26 Results Presentation FY26 Highlights01 Capital Management 02 Outlook / Guidance 03 Q&A 04 Appendix 05 Agenda 06 FY26 Results Detail
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9Bravura Solutions FY26 Results Presentation Debt Capital Management Bravura will initiate an on-market scheme to buy back up to $50m of its ordinary shares. This will run for a period of up to 12 months. The number of shares purchased, the purchase price and the timing of the buy back will depend on the Company’s prevailing share price, market conditions, forecast future capital requirements and other considerations. The buy back will be funded from existing cash reserves and the debt facilities with HSBC Australia. Key Terms Facility A Facility B Type Amortising term loan Revolving credit Maximum Commitment $50m $50m Maturity 3 years 3 years Interest Rate BBSY + margin BBSY + margin Bravura has entered into new debt facilities with HSBC Australia, providing total committed funding of up to $100m. The agreement comprises two secured facilities of $50m, and will be used for working capital management purposes. Key details are shown below: On-market Buy Back Summary of Key Conditions Buy Back Type On-market Amount Up to $50m Duration Up to 12 months
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10Bravura Solutions FY26 Results Presentation Dividends and capital return Bravura has declared / paid 5 6.8 cents per share in dividends and capital return since resuming distributions. FY26 Amount Ordinary Special Total Timing of Payment 1H26 Cents per Share 5.77 4.46 10.23 March 2026 $ 25.9m 20.0m 45.9m 2H26 Cents per Share 8.31 6.69 15.00 September 2026 $ 37.3m 30.0m 67.3m FY25 Amount Ordinary Special Total Timing of Payment 1H25 Cents per Share 1.60 8.92 10.52 April 2025 $ 7.2m 40.0m 47.2m 2H25 Cents per Share 2.92 1.79 4.71 September 2025 $ 13.1m 8.0m 21.1m Bravura also paid $73.2m, or 16.3 cents per share, in January 2025 as a capital return to shareholders.
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11Bravura Solutions FY26 Results Presentation FY26 Highlights01 Capital Management 02 Outlook / Guidance 03 Q&A 04 Appendix 05 Agenda 06 FY26 Results Detail
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FY27 Guidance Summary 12Bravura Solutions FY26 Results Presentation Revenue FY27 Gross Revenue1 $280m - $300m Profitability Cash EBITDA $84m - $94m Revenue variance to FY26 primarily driven by: ▪ Customer demand for services and ongoing contract renewals resulting in continued organic revenue growth Cash EBITDA improvement driven by: ▪ Full year impact of margin improvement crystallised in the second half of FY26 ▪ Continued organic revenue growth Up 9% - 22% Up (1)% - 6% 1. Guidance assumes an exchange rate of 1.90 AUD : 1.00 GBP against FY26 average of 1.98 AUD : 1.00 GBP
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13Bravura Solutions FY26 Results Presentation FY26 Highlights01 Capital Management 02 Outlook / Guidance 03 Q&A 04 Appendix 05 Agenda 06 FY26 Results Detail
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Questions Bravura Solutions FY26 Results Presentation
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15Bravura Solutions FY26 Results Presentation FY26 Highlights01 Capital Management 02 Outlook / Guidance 03 Q&A 04 Appendix 05 Agenda 06 FY26 Results Detail
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16 FY26 Results Summary 01 Key Callouts 1. Revenue from customers across all 3 categories has demonstrated growth, attributable to pricing increases as well as stronger demand from existing clients. 25 customers comprise 80% of revenue, and the top 10 customers represent 60% of total revenue from customers. One of Bravura's c ustomers completed a migration to a BPO on 1 January 2026. The impact of this in FY26 was more than offset by growth from other existing customers. 2. Operating costs have stabilised and continued to decline due to optimisation of the underlying cost base and the benefit of run rate savings. Bravura Solutions FY26 Results Presentation 2H26 1H26 2H25 1H25 2H24 1H24 Maintenance, support and hosting 82.2 83.5 80.5 78.7 77.4 73.4 Professional services 56.3 52.0 46.0 46.2 42.6 47.7 Licence fees 4.0 4.4 2.7 2.3 1.9 5.9 Other sales revenue 0.0 0.1 0.0 0.3 0.1 0.0 Total revenue from customers 142.5 140.0 129.2 127.5 122.0 127.0 Other income1 0.4 0.7 2.2 2.4 2.6 1.1 Total revenue 142.9 140.7 131.4 129.9 124.6 128.1 Operating costs 98.7 101.5 104.6 103.4 105.9 119.2 Underlying Cash EBITDA 42.9 34.2 23.8 20.0 9.7 0.3 Underlying net profit/(loss) after tax 37.2 25.9 13.1 11.3 10.4 (1.7) 1. Other income is comprised of government-received incentives for research and development initiatives, and interest income.
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17 Cash Flow to June 2026 A$m FY26 FY25 Receipts from customers 316.6 292.2 Receipts from customers - sale of licence - 56.2 Payments to suppliers and employees (225.1) (240.2) Interest received 0.6 2.7 Income taxes paid (9.4) (10.3) Total operating cash flow (direct method) 82.8 100.6 Purchase of property, plant, and equipment (2.9) (0.6) Payments for capitalised software development (0.6) (2.3) Total investing cash flow (3.5) (2.9) Payment of capital return - (73.2) On-market share buyback - (0.1) Purchase of equity to satisfy equity plans (16.7) (2.1) Finance costs paid (0.2) (0.2) ROU lease payments (incl interest) (3.6) (4.4) Dividends paid (67.0) (47.2) Total financing cash flow (87.5) (127.2) FY26 Cashflow A$m Cash at 30 June 2025 58.7 Operating cash flow 82.8 Investing cash flow (3.5) Financing cash flow (87.5) Effects of exchange rate changes on cash and cash equivalents (0.2) Cash at 30 June 2026 50.3 02 Key Callouts 1. Operating cash flow has increased significantly in FY26 when adjusting for the one-off effect of the licence sale, reflecting strong focus on debt collection and invoicing. 2. Investing cash flow has increased slightly due to investment in new hosting and hardware assets. 3. Financing cash outflow has decreased despite higher dividend payments and on-market purchase of equity for employee incentives. Bravura Solutions FY26 Results Presentation
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Balance Sheet 1. Cash has decreased despite strong collection activities and cash cost savings from reduced employment expenses due to the dividend payments and share trust purchases. 2. Trade debtors have trended downwards due to improved collections during the year but particularly in June, with only 6% overdue at year end. 3. Contract assets have declined as some customer contract renewals shifted from a financial year to a calendar year timeline. 4. PPE reflects depreciation for the period and the reduction in right of use assets with the exit of a number of leases, partly offset by capex for the global laptop refresh program. 5. Trade and other payables have increased due to increased GST/VAT payables resulting from a higher invoicing volume and quantum. 6. Lease liabilities have decreased as several leases were replaced by serviced arrangements, as well as the downsizing of the Indian and Sydney offices. 7. Other liabilities reflects the increase in accrued bonus. The STIP program for FY26 included a larger number of employees eligible and reflects a strong performance for the year, which resulted in a significantly higher accrual. Key Callouts 4 3 2 1 A$m 30 June 2026 30 June 2025 $ chg % chg Cash 50.3 58.7 (8.4) (14.3%) Trade receivables 33.8 36.9 (3.1) (8.4%) Contract assets 11.1 13.2 (2.1) (15.9%) Intangible assets 28.2 33.4 (5.2) (15.6%) PP&E and Right of Use assets 16.0 19.8 (3.8) (19.2%) Deferred tax assets 52.7 3.5 49.2 1405.7% Other assets 14.7 14.3 0.4 2.8% Total assets 206.8 179.8 27.0 15.0% Trade and other payables 8.5 7.8 0.7 9.0% Contract liabilities 25.3 26.3 (1.0) (3.8%) Lease liabilities 6.9 13.3 (6.4) (48.1%) Other liabilities 46.4 38.9 7.5 19.3% Total liabilities 87.1 86.3 0.8 0.9% Net assets 119.7 93.5 26.2 28.0% 5 03 18 6 7 Bravura Solutions FY26 Results Presentation
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Key Callouts 19 1. Adjusted NPAT is calculated by excluding non-recurring items. The recognition of a deferred tax asset in Australia was the only non-recurring item recorded in FY26. 1. Total revenue increased 9.7% in FY26 vs the pcp, driven by price increases in underlying contracts and substantially increased demand with existing customers. 2. EMEA margin increase of $20m driven by $11m in increased demand for professional services, $8m in reduced employee costs due to reduced headcount, as well as higher fees due to contract renewals and indexation. 3. APAC margin improvement of $9m driven predominantly by improved hosting margins resulting from increases in existing customer demand ($7m), $5m savings in labour costs due to reduced headcount, offset by reduced NZ-originated licence revenue. 4. Unallocated costs have decreased largely due to the run rate benefit of cost base optimisation in previous reporting periods. 5. Depreciation and Amortisation increased by 14.7% vs the pcp due to accelerated depreciation for assets in exited offices, as well as underlying review of intangible assets leading to a shortening of useful lives and therefore higher amortisation. 6. Adjusted NPAT of $63.1m represents a $38.7m increase vs the pcp figure largely due to an improvement in operating performance. FY26 Operating Results A$m FY26 FY25 $ chg % chg EMEA 203.9 186.1 17.8 9.6% APAC 79.8 72.6 7.2 9.9% Total Revenue 283.7 258.7 25.0 9.7% EMEA Margin 96.8 76.3 20.5 26.9% APAC Margin 35.7 27.2 8.5 31.3% Unallocated Costs (47.9) (53.2) 5.3 10.0% EBITDA 84.7 50.4 34.3 (68%) Depreciation and Amortisation (8.6) (7.5) (1.1) (14.7%) ROU lease related expense (3.3) (4.2) 0.9 21.4% Non-recurring items1 0.0 56.2 (56.2) 100.0% EBIT 72.7 94.9 (22.2) 23.4% Net Interest & FX gain / (expense) 2.1 (2.0) 4.1 205.0% Profit before tax 74.8 92.9 (18.1) 19.5% Tax benefit / (expense) 36.1 (18.7) 54.8 (293.0%) NPAT 110.9 74.2 36.7 (49.5%) Adjusted NPAT1 63.1 24.4 38.7 (158.6%) 04 1 5 3 2 4 6 Bravura Solutions FY26 Results Presentation
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Reconciliation of Cash EBITDA to Underlying NPAT Cash EBITDA provides the cash result for the business. It includes Revenue less Operating Costs by adding the cost of Developed Software that has been capitalised, the cash paid for PPE Capex purchased, and adjustment for material revenue recognised upfront with cash received over time. Descriptions 05 A$m FY26 FY25 $ chg % chg Revenue 283.6 258.7 24.9 9.6% Less: Operating Costs (200.2) (208.2) 8.0 3.8% Less: Right of Use Asset (occupancy costs) (3.3) (4.2) 0.9 21.4% Less: Capitalised R&D (employee costs) (0.6) (2.3) 1.7 73.9% Add: Material upfront licence fee revenue recognised 0.8 0.8 — —% Less: PPE Capex net of disposals (3.2) (1.0) (2.2) (220.0)% Underlying Cash EBITDA 77.1 43.8 33.3 76.0% Add: PPE Capex and Software development 3.8 3.3 (0.5) (15.2)% Less: Depn and amortisation (8.6) (7.5) 1.1 (14.7)% Less: Net interest and FX gain 2.5 (2.9) 5.4 186.2% Less: Tax expense (11.7) (12.3) (0.6) 4.9% Underlying NPAT 63.1 24.4 38.7 158.6% 20Bravura Solutions FY26 Results Presentation
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FY27 Segment Change 21Bravura Solutions FY26 Results Presentation Following a recent review of management structure and reporting, the Group will revise its operating segments in FY27, effect ive 1 July 2026. This will better align with the way the business is managed and results are reported internally. In order to assist with year -on-year comparability, FY26 operating segment results have been recast to reflect the operating seg ments below: Reported Structure ($m) Year ended 30 June 2026 EMEA 203.9 APAC 79.8 Total Segment Revenue 283.7 EMEA 81.7 APAC 37.2 Total Segment Employee Benefits Expense 118.9 EMEA 96.8 APAC 35.7 Total Segment EBITDA 132.5 Revised Structure ($m) Year ended 30 June 2026 Wealth Management 180.1 Funds Administration 103.6 Total Segment Revenue 283.7 Wealth Management 80.3 Funds Administration 38.6 Total Segment Employee Benefits Expense 118.9 Wealth Management 80.9 Funds Administration 51.6 Total Segment EBITDA 132.5 06
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22 Glossary Recurring Revenue Recurring revenue comprises revenue contracted for the contract term and typically includes maintenance, managed services, hosting, cloud and SaaS. We have significant contracted minimum PS days that are not included in this metric Recurring Revenue Attrition In year impact of Recurring Revenue decline due to customer loss or shrinkage. FY26 includes the impact of the Fidelity International licence sale Recurring Revenue Growth In year impact of growth in volumes, client expansion and pricing changes Underlying NPAT Net profit after tax adjusted for non-recurring items WM Wealth Management 06 APAC Asia and Pacific Region Cash EBITDA (CEBITDA) Revenue minus operating costs (including hosting asset depreciation) less capitalised development costs, PPE capex, lease costs and one-off revenue adjustments EMEA Europe, Middle East and Africa region Employee benefits expense Includes salary and wages, defined contribution superannuation and pension expense, share- based payments, other employee expenses TA Transfer Agency PCP Prior Corresponding Period Bravura Solutions FY26 Results Presentation
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Important Notice and Disclaimer 23 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, access or viewing of the Presentation evidences y our acceptance of those conditions and that you agree to be bound by them. NO OFFER OF SECURITIES The Presentation is for information purposes only and is not a prospectus, product disclosure statement, disclosure document or other offer document under Australian law or under any other law. It does not and is not intended to constitute an offer for subscription, financial product advice, invitation, solicitation or recommendation by any person or t o any person with respect to the purchase or sale of any securities or financial products in any jurisdiction, and also does not form the basis of any contract or commitment to sell or apply for securities in Bravura or any of its subsidiar ies (Bravura Group). The distribution of this Presentation in jurisdictions outside Australia may be restricted by law and you should observe any such restrictions. Any failure to comply with such restrictions may constitute a violation of applicable securities laws. This Presentation does not, and does not purport to, contain all information necessary to make an investment decision. The in formation contained in the Presentation has been prepared without taking account of any person's investment objectives, financial situation or particular needs and nothing contained in the Presentation constitutes financia l, investment, legal, tax, accounting or other advice or any recommendation by Bravura. You must not rely on the Presentation but make your own independent assessment and rely upon your own independent taxation, legal, financial, acco unting or other professional advice. FINANCIAL DATA All information in the Presentation is in Australian dollars unless otherwise stated. The Presentation contains pro forma financial information. Such pro forma financial information has not been prepared in accordance with disclosure requirements of applicable accounting standards and other mandatory reporting requirements in Australia. This presentation contains a number of non-IFRS financial measures under ASIC Regulatory Guide 230: ‘Disclosing non-IFRS financial information’ published by ASIC which are not recognised under the Australian Accounting Standards (AAS) and International Financial Reporting Standards (IFRS). Such non-IFRS financial information do not have a standardised meaning prescribed by AAS or IFRS. Therefore, the non -IFRS financial information may not be comparable to similarly titled measures presented by other entities, and should not be construed as an alternative to other financial measu res determined in accordance with AAS or IFRS. Although Bravura believes this information provides useful information for investors and form key performance indicators for Bravura investors are cautioned not to place undue reliance on any non-IFRS financial information included in this Presentation. Financial data calculating totals and percentages may be subject to rounding. FORWARD STATEMENTS No representation or warranty, expressed or implied, is made as to the adequacy or completeness of the information and opinio ns contained in the Presentation. The Presentation may contain certain forward looking statements, including estimates, projections and opinions ( Forward Statements). We use words such as 'will', 'may', 'intend', 'seek', 'would', 'should', 'could' 'continue' 'plan', 'probability', 'risk', 'forecast', 'likely', 'estimate', 'anticipate', 'believe', or similar words to identify Forward Statements. While due care and attention has been used in the preparation of forward-looking statements, forward-looking statements, opinions and estimates provided in this Presentation are based on assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current market conditions. Forward Statements including projections, guidance on future earnings and estim ates are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance and may involve known and unknown risks and uncertainties and other factors, many of which are beyond the control of the Bravura Group, and have been made based upon management's expectations and beliefs concerning future developments and their potential effect on the Bravura Group. No representation or guarantee is made or wil l be made that any Forward Statements will be achieved or will prove correct. Actual future results and operations could vary materially from the Forward Statements. Circumstances may change and the contents of this Presentation may become outdated as a result. Readers are cautioned not to place undue reliance on Forward Statements and Bravura assumes no obligation to update such statements (except as required by applicable regulations or by la w). Bravura Solutions FY26 Results Presentation
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Important Notice and Disclaimer 24 PAST PERFORMANCE 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 form and is therefore not necessarily complete. The material contained in this present ation may include information derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness or reliability of the information. To the maximum extent permitted by law, the Bravura Group and each of its affiliates, directors, employees, officers, partner s, agents and advisers and any other person involved in the preparation of the Presentation disclaim all liability and responsibility (including without limitation, any liability arising from fault or negligence) for any direct or indirect loss or damage which may arise or be suffered through use or reliance on anything contained in, or omitted from, the Presentation. The Bravura Group accept no responsibility or obligation to inform you of any matter arising or coming to their notice, after the date of the presentation or this document, which may affect any matter referred to in the Presentation. This presentation should be read in conjunction with Bravura's other periodic and continuous disclosure announcements lodged with the ASX, (www.asx.com.au) and announced via a Regulatory Information Service, and available on Bravura’s website. Bravura Solutions FY26 Results Presentation
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For more information, visit: www.bravurasolutions.com/investors investors@bravurasolutions.com Bravura Solutions FY26 Results Presentation