Vista Group International Limited Analysis

Overview

Vista Group is the global leader in software and technology solutions to the international film industry.

Vista Group's cinema solutions, including Vista, Veezi, Movio Cinema EQ and MovieXchange, are used by 46%+ of enterprise cinema circuits globally outside of India, China and Russia. Vista Group's studio solutions, including Maccs, Numero, Movio Media, MX and Powster, are used by all of the major studios.

Vista Group's headquarters are in Auckland, New Zealand, with offices in Sydney, Cape Town, London, Amsterdam, Kuala Lumpur, Los Angeles and Mexico City.

Performance

The following information was extracted from Vista Group International Limited's Full Year results, released 27 February 2026

Financial overview

To underscore Vista Group’s strong financial performance, key metrics for the 2025 financial year include:

• Total revenue of $164.3m (up 10% on FY24), with Recurring Revenue of $147.2m (up 9% on FY24) and SaaS Revenue of $69.7m (up 25% on FY24)

• ARR of $163.0m (up 12% on 31 December 2024)

• EBITDA of $28.2m (up 31% on FY24), with EBITDA margin of 17.2% up from 14.4% at FY24

• A return to profit after tax of $2.6m

• Operating cashflow of $27.8m (up 65% on FY24).

Vista Group’s results

Vista Group delivered all-time record revenue of $164.3m in FY25, a 10% increase on FY24. This growth was underpinned by a 9% uplift in Recurring Revenue to $147.2m and a 25% increase in SaaS Revenue to $69.7m as clients transitioned to cloud solutions. ARR reached $163.0m, up 12% year-on-year, reflecting strong ongoing subscription growth.

Earnings improved significantly, with EBITDA rising 31% to $28.2m (FY24: $21.6m) and EBITDA margin expanding to 17.2% (up from 14.4% last year). This margin expansion, combined with disciplined cost control, led to a return to net profit after tax of $2.6m, compared to a small loss in the prior year.