French retail solutions provider Vusion Group reported higher revenue and earnings in 2025, driven by strong expansion in the Americas and Asia-Pacific (APAC) regions.
The company said adjusted revenue rose 51% year-on-year (YoY) to €1.52bn ($1.79bn) while reported revenue was €1.47bn.
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Reported EBITDA reached €222.6m, and adjusted EBITDA stood at €277.4m, up from €160.5m a year earlier.
Adjusted net income in 2025 climbed 85% to €98.7m versus €53.4m in 2024, lifting the adjusted net margin to 6.5% from 5.3%.
Order intake amounted to €1.70bn, up 5% from the prior year. Free cash flow was €56m, and the group ended 2025 with net cash of €439m.
Regionally, EMEA revenue fell 15.8% to €414.6m, representing 27% of group revenue, reflecting completion of a major European customer rollout and weaker trading conditions in the second half.
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By GlobalDataAdjusted revenue in the Americas and APAC surged 115% to €1.11bn, accounting for 73% of total revenue, supported by accelerated US deployments, which the company said remained its largest market.
Research and development spending increased 20% to €40m in 2025, focused on data, AI and retail media offerings.
The group said it upgraded its Captana solution and expects to deploy more than 150,000 AI cameras in 2026, while expanding Vusion Cloud capacity to 375 million units and adding AI-driven capabilities to Vusion Live.
The board proposed a dividend of €0.90 per share, up from €0.60 in 2024.
Vusion chairman and CEO Thierry Gadou said: “2025 ended with an exceptional fourth quarter of over €500m in revenue, representing a 46% increase driven by sales in North America, notably the rapid rollout of EdgeSense in Walmart supercentres.”
For 2026, VusionGroup targets adjusted revenue growth of 15%–20% at constant exchange rates and tariffs, including a 40% growth in value-added services revenue.
It also expects adjusted EBITDA margin to increase by more than 100 basis points and operational free cash flow to improve while maintaining a positive net cash position excluding potential acquisitions.
