• Free Cash Flow positive for 2H24, ahead of the 4Q24 previously guided
• Total Revenue of $150.0m an all-time high, with Recurring Revenue of $134.6m and SaaS Revenue of $55.7m
• EBITDA of $21.6m (up 62%), Operating cashflow of $16.8m (up 87%), Net profit before tax of $1.8m

Vista Group International Limited (NZX & ASX: VGL) reported its full year results for the year ending 31 December 2024 today. The result demonstrates continued momentum, delivering all-time record revenue, positive free cash flow over the second half of 2024, positive profit before tax, an acceleration in clients transitioning to its cloud solutions, and an increase in its long-term EBITDA margin aspirations. Key highlights include free cash flow positive for 2H24, total revenue of $150.0m (up 5%), recurring revenue of $134.6m (up 9%), SaaS revenue of $55.7m (up 21%), EBITDA of $21.6m (up 62%), operating cashflow of $16.8m (up 87%), and net profit before tax of $1.8m. The company also provided guidance for 2025, including total revenue of $167m-$173m, recurring revenue of $152m-$158m, and EBITDA margin of 16-18%, with a long-term EBITDA margin aspiration upgraded to 33-37%. The company's cloud momentum continued, with 683 sites now live on Vista Cloud solutions, representing 15% of total enterprise client sites, and 8% of enterprise clients now completed their journey to Operational Excellence.

2025 total revenue guidance of $167m-$173m, Recurring Revenue of $152m-$158m and Non-Recurring Revenue of about $15m. 2025 EBITDA margin of 16-18% maintained, with long-term EBITDA margin aspiration upgraded to 33-37% (was 25-30%+).

Vista Group remains in a significant growth phase as it transitions to the cloud and finds more ways to support its clients to thrive. The company's aspiration is to create a world-class global SaaS company connecting more clients to software and platform solutions that generate the greatest value for them.