New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

Vista Group International / Equity Bottom-Up

<ul><li>US domestic box office trends have started 2026 on a firmer footing, providing some support following a weak end to FY25.</li><li>For Vista Group (VGL), where a meaningful one quarter of revenue is linked to gross transactional value (GTV), this shift from drag to potential tailwind is modestly supportive.</li><li>Against this backdrop, VGL has de-rated materially alongside global tech and SaaS.</li></ul>

US domestic box office trends have started 2026 on a firmer footing, providing some support following a weak end to FY25.For Vista Group (VGL), where a meaningful one quarter of revenue is linked to gross transactional value (GTV), this shift from drag to potential tailwind is modestly supportive.Against this backdrop, VGL has de-rated materially alongside global tech and SaaS.

VISTA GROUP FY26 Looking Like A Better Act