Vista Group International (VGL) presentation summary

Financial performance highlights

• Achieved record total revenue of $164.3m in 2025, up 10% from the previous year.

• Recurring revenue reached $147.2m, a 9% increase year-over-year.

• SaaS revenue grew 25% to $69.7m, and ARR rose 12% to $163.0m.

• EBITDA increased 31% to $28.2m, with a margin of 17.2%.

• Returned to profitability with $2.6m profit after tax and operating cash flow up 65% to $27.8m.

Governance and strategic focus

• Emphasizes performance-driven governance and support for global clients and staff.

• Successfully launched Vista Payments and embedded AI into products and operations.

• Maintains a comprehensive risk governance framework prioritizing data, security, and cyber resilience.

• Board includes a mix of independent and non-independent directors.

Remuneration and pay-for-performance alignment

• Remuneration framework updated for greater transparency and shareholder alignment.

• CEO and Board compensation benchmarked against a defined peer group and NZX50.

• CEO's pay is 51% share-based, with minimum shareholding and hold periods.

• Short and long-term incentive schemes focus on recurring revenue, EBITDA margin, free cash flow, client sentiment, and relative TSR.

• Tenure-based share rights were not granted in 2025 or 2026.