Core Insights - Walmart Mexico is expanding its collaboration with Vusion to implement connected store technology, specifically the EdgeSense platform, across Walmart Express stores and plans to extend it to Supercenters [1][2] Group 1: Implementation Details - All Walmart Express outlets in Mexico are expected to be equipped with EdgeSense technology by the end of this year, marking its first large-scale deployment in the region [2] - The initial phase will involve the installation of over 1.7 million electronic shelf labels and more than 180,000 EdgeSense smart rails, making it one of the largest deployments of connected store systems in Latin America [3][4] Group 2: Operational Goals - The deployment of EdgeSense aims to modernize store operations, reduce manual workloads for staff, and enhance the in-store experience for customers [5] - EdgeSense integrates various technologies, including electronic shelf labels, intelligent shelving infrastructure, computer vision, AI, and real-time retail data, to streamline operations and improve inventory accuracy [4] Group 3: Strategic Vision - The rollout represents a significant milestone in Walmart Mexico's vision of building the connected store of the future, as stated by Vusion Americas deputy CEO Philippe Bottine [5] - A pilot program will also be introduced in the Bodega format to assess the suitability of EdgeSense across different store types [4]

Core Insights - Vusion Group reported significant revenue and earnings growth in 2025, primarily driven by expansion in the Americas and Asia-Pacific regions [1][5] Financial Performance - Adjusted revenue increased by 51% year-on-year to €1.52bn ($1.79bn), while reported revenue was €1.47bn [1] - Reported EBITDA reached €222.6m, with adjusted EBITDA at €277.4m, up from €160.5m the previous year [1] - Adjusted net income rose 85% to €98.7m compared to €53.4m in 2024, improving the adjusted net margin to 6.5% from 5.3% [1] Order Intake and Cash Flow - Order intake was €1.70bn, reflecting a 5% increase from the prior year [2] - Free cash flow amounted to €56m, with a net cash position of €439m at the end of 2025 [2] Regional Performance - Revenue in the EMEA region declined by 15.8% to €414.6m, accounting for 27% of total revenue, due to the completion of a major customer rollout and weaker trading conditions [2] - Adjusted revenue in the Americas and APAC surged 115% to €1.11bn, making up 73% of total revenue, supported by accelerated deployments in the US [3] Research and Development - Research and development spending increased by 20% to €40m, focusing on data, AI, and retail media offerings [3] Future Outlook - The company plans to deploy over 150,000 AI cameras in 2026 and expand Vusion Cloud capacity to 375 million units [4] - A proposed dividend of €0.90 per share was announced, up from €0.60 in 2024 [4] - For 2026, Vusion Group targets adjusted revenue growth of 15%–20% at constant exchange rates, including a 40% growth in value-added services revenue [5] - Expected adjusted EBITDA margin improvement of over 100 basis points and enhanced operational free cash flow while maintaining a positive net cash position [6]