Key Highlights

  • Vista Group (ASX:VGL) closed at A$2.15 on 23 October 2026, down 0.92%, and is up nearly 40% over six months.
  • 1H26 revenue was NZ$86.3 million, up 12%, with ARR of NZ$170.1 million, up 17%.
  • Full-year revenue guidance was raised to NZ$179 million to NZ$184 million.

Vista Group International Limited (ASX:VGL) closed at A$2.15 on 23 October 2026, down 0.92% (A$0.02) on the day, although the shares are up nearly 40% over the past six months. Vista provides software to the global cinema industry. Its latest result was the half-year release of 3 August 2026, and the 23 October move has not been linked to it.

About Vista Group

Vista Group is an NZX and ASX-listed software company serving cinema exhibitors and the film industry, with products including Vista Cloud, Vista Classic and Vista Payments. It reports in New Zealand dollars.

Latest development: 1H26 results (3 August 2026)

For the six months to 30 June 2026, Vista reported total revenue of NZ$86.3 million, up 12%, recurring revenue of NZ$80.1 million, up 14%, and SaaS revenue of NZ$43.5 million, up 38%. ARR was NZ$170.1 million, up 17%, and EBITDA was NZ$12.4 million, up 24%, with an FX-adjusted EBITDA margin of 13.8%.

Contracted Enterprise Market Share rose from 46% to 48%, including the return of Cinemex's 312 sites, and key wins included Cinépolis Mexico (504 sites), Cineworld UK (88 sites) and Cineplexx Europe (59 sites). Vista Payments had more than NZ$2 million of contracted ARR, with 11 clients live.

Outlook

Revenue guidance for 2026 was raised to NZ$179 million to NZ$184 million from NZ$176 million to NZ$182 million, and the EBITDA margin is expected to remain at 18% to 20%. The company expects free cash flow to be neutral in 2H26. It referred to domestic box office up 15% in 1H26.

Risks to weigh

The 1H26 EBITDA margin of 13.8% is below the full-year range of 18% to 20%, so the guidance implies a higher second half. Results depend on cinema industry conditions and the box office slate, and the company noted favourable foreign exchange in the upgrade.

What lies ahead

Items to watch include progress against the full-year guidance, Vista Cloud conversion, Vista Payments ARR growth and the second-half film slate.