USA Contract Win and Trading Update

VIANET, the 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 announce a significant USA contract and provide a current year trading update.

USA Agreement

Vianet Americas, Inc., a subsidiary of Vianet Group plc has entered a long-term, multi-year agreement with a large full-service restaurant company. Under the terms of the agreement, Vianet Americas, Inc. will deploy its Beverage Metrics inventory solution nationally across multiple locations, within one of the restaurant company's major brands.

Deployment of Beverage Metrics system helps hospitality operators to monitor and manage inventory, providing increased visibility and insight to optimise beverage operations.

The initial deployment, which is expected to be completed in Q1 of the upcoming financial year, will not impact the Group's current year's financials.

James Dickson, President of Vianet Americas Inc, and CEO of its parent company Vianet Group PLC, commented:

"This agreement reflects continued progress in the Group's strategy and together with our recent contract with World of Beer, and new partnership agreement with www.Fintech.com, it reinforces our long-term commitment to investing in the US hospitality market, which continues to perform strongly.

Deploying Beverage Metrics to a leading restaurant operator validates the relevance of our technology for large, multi-site operators in delivering measurable operational and financial benefits at scale"

Trading Update

Both divisions are expanding their installation footprint by extending existing customer contracts and winning new clients despite the backdrop of UK economic uncertainty particularly for our hospitality customers.

While this provides a solid base of recurring income and a healthy pipeline, the rate of deployment and pipeline conversion in the second half of the year has been slower than previously anticipated due to our customers' current cautious approach to investment.

The Group achieved a robust performance in the first half of 2026 with EBITDA rising by 10.5% to £1.88 million, underscoring the resilience of its business model. However, we expect the profit for FY2026 to align with the previous year's performance primarily due to a slower rate of deployment, ongoing strategic investments in the Beverage Metrics platform, and the discontinued ERP platform income.

At year-end, net debt is projected to be in line with market forecasts, which should facilitate a continued increase in the Group's final dividend.

James Dickson, Chair & CEO of Vianet commented:

"I'm pleased with the progress our business is making despite the challenging economic environment. The expansion of existing customer contracts, the acquisition of new clients, and our advancements in the USA underscore the strength and quality of our operations.

These developments will drive growth in recurring income and enhance cash generation. We remain optimistic about the Group's outlook and expect to deliver increased returns for our shareholders"