REG - Vianet Group PLC - Trading Update, Notice of Results and Dividend

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RNS Number : 0161G  Vianet Group PLC  04 November 2025

04 November 2025

 

Vianet Group plc

 

("Vianet", the "Company" or the "Group")

 

Trading Update, Notice of Results and Proposed Dividend

 

VIANET, an international provider of actionable data, business insights and
payment solutions through an integrated ecosystem of connected hardware
devices, software platforms and smart insights portals, is pleased to provide
a positive trading update for the half year ending 30 September 2025, and
confirms that the Company's half-year results for the six months ended 30
September 2025 will be published on Tuesday, 2 December 2025.

Financial and Operational Update

The Group delivered a solid H1 2026 performance, reflecting the strength of
its resilient business model. Recurring revenues accounted for 84% of total
income, supported by healthy gross margins. EBITDA increased by 11.6% to
£1.73 million (H1 2025: £1.55 million), in line with expectations, despite a
£0.14 million strategic investment in Beverage Metrics in the U.S.,
reinforcing our commitment to growth and diversification.

Both divisions performed well against a backdrop of general UK economic
uncertainty ahead of the November Budget and had notable success in expanding
existing customer contracts and winning new clients. We are pleased with this
solid performance and it provides the Group with a strong base of recurring
income and a healthy pipeline, but as ever the timing of new project starts
and rate of deployment continues to be influenced by our customers' current
cautious approach to investment.

Financial Highlights

·      Revenue resilience: H1 2026 revenue of £7.67m (H1 2025: £7.69).

·      High recurring revenue:  £6.44m representing over 84% of total
revenue, maintained from last year.

·      Improved Gross Margin: 68% (H1 2025: 67%) reflecting continued
operational efficiency.

·      Operating Profit Growth: Up 10.4% to £1.58m (H1 2025: £1.43m),
before exceptional items and share-based payments, reinforcing robust
underlying performance.

·      Strong Cash Generation:  Operating cash flow after working
capital of £1.7m, equating to around 100% of EBITDA.

·      Lower Net Debt: Debt reduced to £0.5m (H1 2025: £1.0m), with
cash balances rising to £2.5m (H1 2025: £2.25m) after £0.25m of share
buybacks and an increased dividend payment of £0.29m (H1 2025: £0.22m).

·      Proposed Interim Dividend Increase:  Up 33% to 0.4p (H1 2025:
0.3p)

 

James Dickson, Chair & CEO of Vianet commented:

"I'm pleased with the progress the business has made in the first half,
particularly given the broader economic backdrop. The continued growth in
recurring revenues and cash generation, driven by the expansion of existing
customer contracts and the addition of new clients, highlights the quality of
our business. We remain confident in the Group's outlook for the remainder of
the year."

 

- Ends -

 

Enquiries:

 

 Vianet Group PLC
 James Dickson, Chairman & CEO      Tel: +44 (0) 1642 358 800

 Sarah Bentham, CFO                 www.vianetplc.com (http://www.vianetplc.com/)
 Cavendish Capital Markets Limited
 Stephen Keys / Isaac Hooper        Tel: +44 (0) 20 7220 0500

 Investor Enquiries:
 Dale Bellis                        Tel: +44 (0) 20 7397 1928
                                    www.cavendish.com (http://www.cavendish.com/)

 

About Vianet

Vianet Group is a leading provider of actionable management information and
business insight created through combining data from our smart Internet of
Things ('IOT') solutions and external information sources.

Since Admission to AIM in 2006, the Group has grown from its core beer
monitoring business both organically and through strategic acquisitions to
widen its offering and develop new businesses, especially in vending telemetry
and contactless payment solutions particularly for the premium coffee sector.

Servicing over three hundred customers across the world and rendering live
data to our IOT platform from over 250,000 connected machines daily, Vianet is
one of the largest business to business (b2b) connected solutions providers in
Europe with established long-term relationships with blue chip customers and
growing recurring revenues which are over 85% of our total revenues.

In our Smart Machines division, we connect a single data gathering device
with its own on-board communication capability to a customer's asset or
system. The device then sends data back via our IOT platform to cloud based
servers. The technology was originally developed for automated retailing
machines; however, the flexibility and functionality of the device means the
technology can be applied to any machine which has the capability to output
data. The device is also used to connect our contactless payment solution and
communicate payment terms to our cloud-based payment services providers where
that application is also required.

The Smart Zones division is where we connect multiple data gathering devices
into one or more systems or assets with the data from those devices being
communicated back to our IOT platform and cloud-based servers via a single 3G
communications hub. The technology was originally developed for flow
monitoring devices, temperature sensors, and asset management in drinks
retailing but any data gathering device with a digital output could be
connected to the communications hub where required such as gaming machines,
utilities management and EPOS.

For further information, please visit www.vianetplc.com
(http://www.vianetplc.com/)

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