VGL reports record results as client onboarding accelerates
| Stock | Vista Group International Ltd (VGL.ASX) |
|---|---|
| Release Time | 27 Feb 2026, 7:31 a.m. |
| Price Sensitive | Yes |
VGL reports record results as client onboarding accelerates
- Record revenue of $164.3m, up 10% on FY24
- Recurring revenue of $147.2m, up 9% on FY24
- SaaS revenue of $69.7m, up 25% on FY24
- EBITDA of $28.2m, up 31% on FY24
- Return to profit after tax of $2.6m
Vista Group International Limited (NZX & ASX: VGL) announced its full-year results for the year ending 31 December 2025, highlighting strong operational and financial performance as the company accelerates delivery of its strategy in response to sustained client demand. The year saw all-time record revenue, a 25% increase in SaaS revenue, continued ARR growth, margin expansion, and a return to profit after tax. Vista Group has secured several major commitments to Vista Cloud, including ODEON Cinemas Group, Kinepolis, and Village Cinemas Australia, all of whom will be transitioning to Vista Cloud's Operational Excellence capability. In addition to core platform growth, Vista Group continued building out its strategic adjacencies, with Vista Payments, the company's integrated payments solution, processing its first transaction in January 2026 with four pilot clients signed. Vista Group continues to advance AI-powered functionality across the Film solutions and Vista Cloud Platform, leveraging the company's deep structural advantages. Key financial metrics for 2025 include total revenue of $164.3m (up 10%), recurring revenue of $147.2m (up 9%), SaaS revenue of $69.7m (up 25%), ARR of $163.0m (up 12%), EBITDA of $28.2m (up 31%), and a return to profit after tax of $2.6m. The company also reported operating cash flow of $27.8m (up 65%).
Vista Group's 2026 guidance includes total revenue of $176m-$182m, reflecting 10-13% growth on a constant currency basis, and an EBITDA margin of 18-20%.
Vista Group continues to see strong demand for its cloud-based solutions, with 1,557 sites now live on the Vista Cloud Platform, representing 35% of total Enterprise Client sites. The company is scaling its technology and delivery teams to accelerate client onboarding and unlock the full potential of its pipeline, including major commitments from ODEON Cinemas Group, Kinepolis Group, and additional global clients.