Business
Trading Update and Board Change
Vianet Group plc reported a resilient financial performance for the year ended 31 March 2026, with turnover reaching £15.5 million, up from £15.3 million in FY25, driven by strong recurring revenue of £13.6 million (88% of total revenue) and a maintained gross margin of 69%. Adjusted EBITA was stable at £3.61 million, and the company transitioned from net debt of £0.38 million to net cash of £0.44 million, exceeding expectations. The proposed final dividend is increased to 2.0p per share, making the total FY26 dividend 2.4p per share, an 85% increase from FY25. The company also announced the appointment of Craig Brocklehurst as CEO, effective 31 May 2026, with James Dickson returning to his role as Chairman. Disclaimer*
About this update from Vianet Group Plc
29 April 2026 Vianet Group plc ("Vianet", the "Company" or the "Group") Trading Update, Notice of Results, Proposed Final Dividend and Board Change Vianet, the international provider of actionable data, business insights and payment solutions through its integrated ecosystem of connected hardware devices, software platforms and smart insights portals, is pleased to provide a trading update for the financial year ended 31 March 2026, and confirms that the Company's full-year results for the year ended 31 March 2026 will be published on Tuesday, 09 June 2026. The Group has delivered a resilient financial performance in the year, underpinned by the strength of its recurring revenue model, and continued operational discipline, despite a more cautious customer investment environment as flagged in the Group's update in February. Financial Highlights · Turnover: £15.5 million (FY25: £15.3 million), demonstrating continued year-on-year steady growth. · Recurring revenue: £13.6 million representing 88% of total revenue, reinforcing the strength and visibility of the Group's business model. · Gross margin: Maintained at 69%, reflecting ongoing operational efficiency and pricing discipline. · Adjusted EBITA (pre-exceptional and share based payments): £3.61 million (FY25: £3.59 million), evidencing stable profitability. · Net cash: £0.44 million at year end (FY25: net debt of £0.38 million), which was ahead of expectations and reflected strong cash generation and balance sheet improvement. · Proposed final dividend: Increased to 2.0p per share, demonstrating confidence in the Group's financial position and future prospects. · Total dividend for FY26: 2.4p per share (interim: 0.4p paid January 2026), representing an 85% increase on FY25's total dividend of 1.3p per share, reflecting the Board's progressive dividend policy and growing confidence in the business. Operational Overview Both the Smart Machines and Smart Zones divisions continued to expand their installed base through a combination of new contract wins and extensions with existing customers. As previously announced, while the Group experienced some delays in deployment and convers...