Vista Group International (VGL) presentation summary

Financial performance highlights

• Achieved record total revenue of $150.0m in 2024, up 5% from 2023 and 11% from 2022.

• Recurring revenue reached $134.6m, a 9% increase year-on-year.

• SaaS revenue grew 21% to $55.7m, and ARR rose 15% to $145.6m.

• EBITDA increased 62% to $21.6m, with positive net profit before tax of $1.8m.

• Free cash flow was positive in 2H 2024, and operating cash flow rose 87% to $16.8m.

Cloud transition and operational momentum

• 942 sites live on Vista Cloud as of June 2024, targeting 1,600 by end of 2025.

• Digital enablement and moviegoer engagement initiatives are expanding across exhibition clients.

• Operational excellence and data empowerment remain key focus areas.

Share price and market performance

• Outperformed the NZX All Information Technology Index by ~89% over the last 12 months.

• Market capitalization increased 140% since January 2021, reaching $927.0m in March 2025.

• Analyst consensus target price averages NZ$4.12, with most ratings overweight or buy.