REG - ME Group Intl. - Year-end Trading Update

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RNS Number : 5670G  ME Group International PLC  07 November 2025

 

 

7 November 2025

 

ME GROUP INTERNATIONAL PLC

("ME Group", the "Company" or the "Group")

 

Year-end Trading Update

 

Laundry operations driving growth; expecting another year

of record profitability

 

ME Group International plc (LSE: MEGP), the instant-service equipment group,
announces a trading update for the 12 months ended 31 October 2025 ("FY
2025").

 

Trading Update

 

Total revenue for the full year is expected to be between £311 million and
£318 million(1). The Group expects to report another year of record
profitability with profit before tax of between £76 million and £79
million(1). The Group's cash conversion and balance sheet remained strong.

 

Wash.ME laundry operations, the Group's fastest growing business area by
machine number and EBITDA, delivered double digit revenue growth. Revenue in
the period was up approximately 10% compared with FY 2024 (up c.11% at
constant currency). Whilst unusually warm weather across some operating
regions had some impact on demand for laundry services during H2 2025, the
Group made further positive progress on its rollout programme across target
geographies, with a total of 1,145 net laundry machines installed during FY
2025. This is a record number of installations and represents a 27.2% increase
compared to FY 2024 where we installed 900 net laundry machines.

 

Photo.ME revenue was down approximately 4% compared with FY 2024 (down c.3% at
constant currency). Trading has largely been robust in key markets such as
France and we have seen growth in our developing markets including Belgium and
the Netherlands. The Group revenue performance overall reflected the
previously communicated ending of a UK contract in FY 2024 and a resolved
printer supplier issue in H1 2025. In Germany, regulatory changes requiring
passport photos to be taken in the citizens' office or by certified
photographers impacted revenue performance in H2. The rollout programme for
next-generation photobooths continued, and by the end of FY 2025 the Group was
operating 3,079 machines.

 

Update on 'Offer Period'

 

On 18 June 2025, the Group issued a response to media speculation and movement
in its share price. At that time, the Group stated that it was exploring
strategic options to enhance shareholder value and that one of those options
involved seeking potential offerors for the Company. This process is ongoing,
and a further update will be provided in due course.

 

Looking ahead

 

As the Group enters its new financial year, the Board remains focused on
delivering the Group's long-term strategy to grow its core laundry and
photobooth activities, leveraging its key strengths and significant
competitive advantages. Whilst the macro-economic backdrop is still uncertain,
the Group remains well-positioned to deliver continued revenue and profit
growth in the year ahead.

 

2025 Annual Results

 

The Group expects to publish its Annual Results for the financial year ended
31 October 2025 in mid-February 2026.

 

(1)Excluding the impact from foreign exchange rates ("at constant currency")
during FY 2025, particularly the Japanese yen which saw a 1.9% decrease in
value against pound sterling (average rate of exchange used in FY2025 was
Yen/£ 195.35 vs FY 2024: Yen/£ 191.71 ), and a 0.05% decrease in the euro
against pound sterling (average rate of exchange used in FY 2025 was €/£
1.178 vs FY 2024: 1.173).

( )

 

ENQUIRIES:

 

 ME Group International plc                                              +44 (0) 1372 453 399
 Stéphane Gibon, CFO                                                     ir@me-group.com (mailto:ir@me-group.com)
 Vlad Crasneanscki, Executive Director & Head of Investor Relations

 Hudson Sandler                                                          +44 (0) 20 7796 4133

 Wendy Baker / Nick Moore                                                 me-group@hudsonsandler.com (mailto:me-group@hudsonsandler.com)

 

NOTES TO EDITORS

 

ME Group International plc (LSE: MEGP) is an international market leader in
automated self-service equipment aimed at the consumer market, with over
48,000 vending units currently in operation.

 

The Group operates, sells and services a wide range of instant-service vending
equipment across 16 countries in its key regions of Continental Europe, the UK
& Republic of Ireland and Asia Pacific. The Group's services include:

 

Core activities:

 

 ·        Photo.ME  Photobooths and integrated biometric identification solutions
 ·        Wash.ME   Unattended laundry services and launderettes

 

Ancillary activities:

 

 ·        Print.ME       High-quality digital printing kiosks
 ·        Other vending  Primarily Foodservice vending equipment (Feed.ME), Children's rides
                         (Amuse.ME), Photocopier services (Copy.ME)

 

The Group has a proven track record of innovation and diversification of its
products and services, enabling it to respond to the evolving needs of its
customers and consumers.

 

The Group benefits from well-established partnerships and long-term contracts
with major site owners in attractive, high-footfall locations, enabling it to
offer multiple products and services onsite. Partners include supermarkets,
petrol forecourts, shopping malls (indoors and outdoors), transport hubs, and
administration buildings (City Halls, Police etc.).

 

The Company's shares have been listed on the London Stock Exchange since 1962.

For further information: www.me-group.com (http://www.me-group.com)

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