Vusion Reports 51% Revenue Growth and Doubles its Service Income
The specialist in digitizing physical commerce through artificial intelligence closed the 2025 fiscal year with sharply rising results, driven by the accelerated deployment of its solutions in the United States, particularly with Walmart. The group also raised its targets for 2026.
Impressive Financial Performance
Vusion recorded an adjusted revenue of 1,527 million euros in 2025, up 51% from the previous year. Under IFRS standards, revenue amounted to 1,472 million euros, an increase of 54%. The group particularly accelerated in the fourth quarter, achieving 522 million euros in revenue, a growth of 47%. This momentum was driven by the rapid expansion of its EdgeSense platform at Walmart in the United States, while the Americas and Asia-Pacific region generated 1,112 million euros, marking an increase of 115%. Adjusted EBITDA grew by 73% to 277 million euros, corresponding to a margin of 18.2% of revenue, an improvement of 2.3 points. Adjusted net income jumped 85% to 98.7 million euros compared to 53.4 million in 2024.
Doubling of Service and Solution Revenues
Service and solution revenues (VAS) doubled to reach 211 million euros, now representing 14% of the total revenue compared to 10% a year earlier. Recurring VAS grew by 45% to 83 million euros, while non-recurring VAS surged by 166% to 128 million euros. The group generated a free cash flow of 56 million euros and had a net cash position of 439 million euros at year-end, up by 46 million from 2024. Annual order intake reached 1.7 billion euros, up by 5%. The group proposes a dividend of 0.90 euros per share, up from 0.60 euros in 2024, marking a third consecutive increase.
Optimistic Outlook for 2026
Vusion anticipates revenue growth between 15% and 20% in 2026 at constant exchange rates and customs duties. The group expects its VAS revenue to grow by about 40%, which is twice the rate of the group's growth. The adjusted EBITDA margin is projected to improve by more than 100 basis points. The group announces a 30 million euros share buyback plan. The Board of Directors has co-opted Lyne Castonguay as an independent director, bringing the proportion of independent directors to 73%.
