Bravura Solutions (ASX:BVS) revised its guidance for fiscal 2025, expecting revenue to range from AU$240 million to AU$245 million, up from the previous guidance of AU$235 million to AU$240 million, according to a Wednesday filing with the Australian bourse.
Cash earnings before interest, taxes, depreciation, and amortization (EBITDA) is anticipated to be between AU$33 million and AU$36 million, up from AU$28 million to AU$32 million, the filing said. EBITDA is expected to be between AU$41 million and AU$44 million versus AU$36 million to AU$40 million previously.
In the same filing, the company said it plans to reintroduce dividends in February 2025, with payment in March, in addition to the capital return of at least AU$0.16 per share to be paid on Jan. 30, 2025.
Shares rose past 18% in midday trade Wednesday and earlier reached their highest since December 2021.
Price (AUD): $1.96, Change: $+0.30, Percent Change: +18.25%
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