Drinks and vending technology firm Vianet says earnings have grown 11.6% to £1.73m in the six months to the end of September.
The North East telemetry and data collection specialist issued an update to investors on the London Stock Exchange ahead of first half 2026 results in which it talked up positive numbers. Bosses described a "solid" performance in which recurring revenues made up 84% of total income, with gross margins said to be healthy.
The increase in Ebitda was in line with expectations despite a £140,000 investment in Beverage Metrics - the US-based, inventory software business Vianet acquired in 2023. Vianet said both divisions - hospitality and unattended retail - had performed well "against a backdrop of general 海角视频 economic uncertainty" ahead of the Budget this month.
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Investors were told the business had expanded existing customer contracts and won new orders over the period. The success is said to have provided a strong base of recurring income and a healthy pipeline for Stockton-based Vianet but bosses also warned that new project starts were being influenced by customers' "cautious approach to investment".
James Dickson, chair and CEO of Vianet, said: "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."
Operating cash flow after working capital was £1.7m and bosses highlighted reduced debt of £500,000, compared with £1m in the first half of 2025. After £250,000 of share buybacks and an increased dividend payment of £290,000, up from £220,000, Vianet proposed an interim dividend of 0.4p, a 33% increase on H1 2025.
The latest numbers for Vianet follow full year 2025 results issued earlier this yea in which Mr Dickson said investment had made the group well-positioned for revenue and profit growth. At the time, unattended retail was touted as a strong growth area with the hospitality business focused on growing a "profitable presence" in the US market. Further investment in cloud infrastructure and mobile technology, along with partnerships in fuel forecourts and food service were also highlight as growth drivers.
Vianet was founded in the mid-1990s and has been AIM-listed since 2006. The firm connects nearly 40,000 retail machines and 10,000 hospitality venues with its technology. Full, first half 2026 results for Vianet will be published on Tuesday, December 2.