The Vista Group International Ltd (ASX: VGL) share price is in focus after the company raised its full-year revenue guidance and delivered solid half-year growth, with total revenue up 12% to $86.3 million and EBITDA climbing 24%.
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What did Vista Group report?
- Total revenue rose 12% year on year to $86.3 million
- Recurring Revenue up 14% to $80.1 million
- SaaS Revenue surged 38% to $43.5 million
- Annualised Recurring Revenue (ARR) up 17% to $170.1 million
- EBITDA increased by 24% to $12.4 million, with margin expanding to 13.8%
- 2026 revenue guidance upgraded to $179–184 million (was $176–182 million)
What else do investors need to know?
Vista Group expanded its Contracted Enterprise Market Share from 46% to 48%, regaining 312 sites from Cinemex and winning new agreements with Cinépolis Mexico, Cineworld UK, and Cineplexx Europe. These wins helped expand the operational pipeline to more than 1,000 sites and de-risk the company's near-term cloud migration goals.
Momentum in Vista's cloud and payments offerings continued, with 44% of sites contracted to the Vista Cloud Platform and Vista Payments now generating over $2 million in annual recurring revenue. Sector tailwinds, including a strengthening box office up 15% year on year, provide further industry support.
What did Vista Group management say?
CEO Stuart Dickinson said:
It's a very exciting time for the business. Momentum in Vista Cloud continues to build, and the investments we have made to expand our delivery capacity mean we are now converting our cloud pipeline at pace.
We've also now had our embedded payments solution, Vista Payments, live for long enough to see clear benefits for both the company and our clients, reinforcing the value of our platform strategy. At the same time, we continue to focus on AI as a key driver, strengthening the mission-critical role our platform plays in our clients' operations and workflows.
Combined with a positive box office environment and a strong upcoming film slate, this gives us confidence in both the outlook for the industry and Vista Group's continued growth.
What's next for Vista Group?
Vista Group is maintaining its strategic focus on scaling cloud adoption, leveraging its growing global market share and robust recurring revenue. Management reaffirmed upgraded revenue guidance for FY26 and expects EBITDA margin to remain in the 18–20% range.
Free cash flow is forecast to be neutral in the second half, supporting continued investment discipline. With a full pipeline of key client transitions and industry fundamentals trending up, Vista Group appears well positioned for ongoing growth.
Vista Group share price snapshot
Over the past 12 months, Vista Group shares have declined 36%, trailing the All Ordinaries Index (ASX: XAO), which has risen 2% over the same period.
