Vista Group International

Growth & Financial Intelligence Dashboard
NZX: VGL · ASX: VGL
$150.0m
2024 Revenue (Record)
$21.6m
2024 EBITDA (+62%)
~90%
Recurring Revenue
$145.6m
ARR (2024)
33-37%
LT EBITDA Margin Target
NZ$2.58
Recent Share Price
Revenue Growth

Annual Revenue (NZ$ millions) -- 2013 to 2025E

Full revenue history from pre-IPO through to FY2025 guidance midpoint
2025E is midpoint of company guidance (NZ$167-173m). All figures in NZ$.

Revenue Composition: Recurring vs Non-Recurring

Shift toward recurring revenue model (2020-2025E)
2025E recurring revenue is midpoint of NZ$152-158m guidance.

SaaS Revenue Growth (NZ$ millions)

Cloud/SaaS component growing at 20%+ annually
Segment Breakdown

2024 Revenue by Segment

Cinema (~80%) vs Film (~20%) segments

Segment Contribution Margins (NZ$m, 2024)

Film segment margin growing faster (+24% YoY vs +11%)

H1 2025 Segment Performance

Both segments accelerating -- Cinema +9%, Film +16% YoY
Profitability & Margins

EBITDA & EBITDA Margin Trend

Path from COVID losses to 14.4% margin, targeting 33-37% long-term
2025E margin is midpoint of 16-18% guidance. Long-term aspiration is 33-37%.

Net Profit / (Loss) (NZ$ millions)

Return to near-breakeven in 2024 after years of losses

Operating Cash Flow (NZ$ millions)

Cash generation accelerating; FCF positive from H2 2024
Operational Efficiency

Employee Headcount

Right-sizing after 2022 transformation hiring peak

Revenue per Employee (NZ$ thousands)

Productivity improving as cloud platform scales
Share Price & Valuation

Share Price Key Events (NZ$)

From NZ$2.35 IPO to NZ$5.85 all-time high, NZ$0.84 COVID low, and current ~NZ$2.58
Not a continuous price chart. Shows key milestone prices at notable dates.
Long-Term Aspirations

ARR Trajectory (NZ$ millions)

Path from NZ$126m to NZ$315m "100% Platform" target
Long-term NZ$315m ARR target date not specified; shown indicatively.

EBITDA Margin Expansion Roadmap

From 14.4% today to 33-37% aspiration
Long-term target is 33-37%. Timeline is indicative based on cloud migration targets.
Comprehensive Financial Summary

Key Financial Metrics by Year (NZ$ millions unless stated)

Metric 2019 2020 2021 2022 2023 2024 2025E
Total Revenue 143.0 87.5 98.1 135.1 143.0 150.0 167-173
YoY Growth +26.8% -38.8% +12.1% +37.7% +5.9% +4.9% +11-15%
Recurring Revenue ~89 66.0 81.4 112.3 124.0 134.6 152-158
SaaS Revenue -- -- 27.8 38.4 45.9 55.7 --
ARR -- -- -- -- 126.3 145.6 175+
EBITDA ~31.1 -11.0 6.5 10.6 13.3 21.6 --
EBITDA Margin ~21.7% -12.6% 6.6% 7.8% 9.3% 14.4% 16-18%
Net Profit/(Loss) 21.3 -56.7 -9.8 -21.4 -13.9 -1.0 --
Operating Cash Flow -- -- 11.3 12.4 9.0 16.8 --
Employees -- 613 658 779 716 711 --

Capital Events

Date Event Amount Price/Share Details
Aug 2014 IPO (NZX + ASX) NZ$92.6m total NZ$2.35 NZ$40m new capital; market cap NZ$191.6m
Apr 2020 COVID Emergency Raise ~NZ$65m target NZ$1.05 NZ$25m placement + NZ$40m entitlement offer. Underwritten by Macquarie Capital & Craigs
Vista Group International (NZX/ASX: VGL) Financial Intelligence · Data sourced from annual reports, NZX filings, and public disclosures · February 2026
All figures in NZ$ unless otherwise stated. This is not financial advice.