Vinyl Group Ltd (ASX:VNL), an adaptive media and music technology company, delivered its Chair Address at its 2026 Annual General Meeting on 13 November 2026, disclosing FY26 revenue of $18.8 million, a 31% increase on the prior year, and reiterating FY27 revenue guidance of $38–40 million.

Key Points

  • FY26 revenue increased 31% to $18.8 million, described as predominantly driven by organic growth
  • FY27 revenue guidance retained at $38–40 million, with record revenue already booked entering Q2
  • The company is targeting a sustainably EBITDA-positive monthly run-rate from December 2026
  • Acquisitions of Val Morgan Digital, Pedestrian Group and Time Out Australia completed during FY26
  • Vinyl Media stated to reach more than 50% of Australians online, with over 31 million social media followers globally and more than 520 million monthly social views

FY26 Financial Performance and Acquisition Activity

According to the Chair Address, Vinyl Group recorded FY26 revenue of $18.8 million, representing a 31% increase with limited contributions from the newly completed acquisitions of Val Morgan Digital, Pedestrian Group and Time Out Australia. The filing states that the intensity of acquisition and integration activity brought additional costs and operational challenges during the period. FY26 revenue finished just below the lower end of guidance, the filing disclosed. The acquisitions were assembled for approximately $28 million in consideration, while those assets previously transacted at a combined valuation exceeding $173 million, according to the Chair Address.

FY27 Priorities and Revenue Guidance

The filing states that the company's focus for FY27 is on three priorities: completing integration and reducing operating costs; expanding its Adaptive Media model to unlock new, higher-margin revenue opportunities; and deploying proprietary AI workflows across the Group to improve productivity and operating efficiency. The company disclosed that it entered Q2 with record revenue already booked and retained revenue guidance of $38–40 million for FY27. The company is also targeting a sustainably EBITDA-positive monthly run-rate from December 2026, the filing states.

Board Recognition and Independent Rankings

The Chair Address acknowledged CEO Josh Simons, noting that annualised underlying revenue grew from approximately $250,000 to a forecast revenue of $38 million in FY27 over three years. The filing states that Vinyl Group was ranked second overall and first among listed companies in Deloitte's 2025 Tech Fast 50, and is included in the AFR's 2026 Fast 100. The company also welcomed Damian Keogh as a Non-Executive Director during the year, according to the filing. The Chair Address was authorised by the Board of Vinyl Group Ltd.