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Vista Group International (VGL) briefings

Read that company's published results in release order, newest first.

Vista Group International (VGL)HY26Released 3 August 2026

Vista Group's 24% EBITDA growth did not convert into cash

EBITDA rose 24% and margin hit 14.4%, but free cash flow turned negative and net debt/EBITDA rose to 0.47x.

Published 19 August 2026

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Vista Group International (VGL)FY25Released 27 February 2026

EBITDA up 30.6% on 9.5% revenue growth as cash conversion lifts to 98.6%

Operating leverage and the cloud transition delivered a return to profit, but heavy capitalised development still left free cash flow at -$0.9m.

Published 29 April 2026

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Vista Group International (VGL)HY25Released 14 August 2025

Vista Group EBITDA jumps 38.9% as cloud demand outruns delivery capacity

Revenue grew 10.6% to NZ$77.0m and operating cash flow more than tripled to NZ$14.1m, but the group remained loss-making at PBT.

Published 23 April 2026

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Vista Group International (VGL)HY24Released 6 August 2024

EBITDA up 188% but OCF fell 52% and net cash buffer erased

The reported earnings recovery is real, yet cash conversion dropped to 41.7% from 248% and Vista must deliver a sharp H2 cash reversal.

Published 23 April 2026

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Vista Group International (VGL)HY23Released 25 August 2023

EBITDA margin compressed to 3.6% and PBT loss widened to NZ$9.9m

Revenue gains were absorbed by transformation spend while NZ$11.3m capex turned operating cash improvement into a NZ$21.0m cash drawdown.

Published 23 April 2026

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Vista Group International (VGL)HY21Released 27 August 2021

Debtor days hit 187.8 as cash conversion fell to 15.6%

PBT improved 95.6% and EBITDA swung to a $6.4m profit, but receivables absorbed $13.3m and operating cash fell 94% to $1.0m.

Published 23 April 2026

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Vista Group International (VGL)FY20Released 1 March 2021

Revenue fell 39.4% with receivables doubling and H2 cash burn negative

The $67.1m cash balance reflects new borrowings rather than operating strength, with $13m of credit loss provisions absorbed in EBITDA.

Published 23 April 2026

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Vista Group International (VGL)FY19Released 27 February 2020

Revenue up 10.5% but FCF swung to -$1.2m on capex and debtor build

Operating cash fell 43.8% as receivable days stretched to 142 and capex hit 11.6% of revenue, reversing prior strong cash generation.

Published 23 April 2026

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