Vista Group International (VGL) AGM 2026 summary

Opening remarks and agenda

• Chair welcomed shareholders, introduced directors, and outlined meeting procedures, including virtual participation and voting instructions.

• Quorum confirmed, meeting declared open, and agenda included board priorities, CEO update, resolutions, and Q&A.

Financial performance review

• Achieved record revenue of NZD 164 million in 2025, a 10% year-on-year increase; recurring revenue up 9%, SaaS revenue up 25%.

• EBITDA reached NZD 28 million with a margin of 17.2%, up 2.8 percentage points from 2024.

• Operating cash increased by 65%, with a return to net profit after tax.

• 2026 revenue guidance set at NZD 176–182 million, targeting 10–13% growth and EBITDA margin of 18–20%.

Board and executive committee updates

• Board focused on cloud migration pace, client satisfaction, cash generation, and platform expansion.

• Ongoing board succession process with evaluation against a skills matrix; two directors offered early re-election to support succession.

• Annual governance roadshow conducted with major shareholders and representative groups.