ME Group International plc (LON:MEGP), the instant-service equipment group, has announced its results for the 12 months ended 31 October 2025.
SUMMARY OF 2025
· Another record year of profitability delivering £78.2 million profit before tax
· Laundry operations driving growth; 1,145 net increase in laundry units (1,326 gross installations)
· Ongoing rollout of next-generation photobooths
· Strong cash generation from operations, supporting investment in growth
· Total dividend increased by 9.5%; returning £32.6 million to shareholders in respect of 2025
KEY FINANCIALS
| 2025 | 2024 (restated)5 | ||||
| Reported | Constant Currency4 | Reported | Change | Change in constant currency | |
| Revenue | £315.4m | £317.2m | £307.9m | +2.4% | +3.0% |
| EBITDA1 | £120.4m | £121.0m | £114.2m | +5.4% | +6.0% |
| Profit before tax | £78.2m | £78.6m | £73.4m | +6.5% | +7.1% |
| Gross cash | £56.5m | £55.3m | £77.5m | -27.1% | -28.6% |
| Net cash2 | £26.5m | £25.2m | £29.5m | -10.2% | -14.6% |
| Cash generated from operations | £115.5m | n/a | £106.1m | +8.9% | n/a |
| Diluted earnings per share | 14.91p | 14.99p | 14.27p | +4.5% | +5.0% |
| Total dividends per ordinary share3 | 8.64p | n/a | 7.90p | +9.5% | n/a |
1 EBITDA is profit before tax, depreciation, amortisation, non-operating income/expense and finance cost and income.
2 Net cash excludes lease liabilities of £13.0 million. See note 8.
3 Interim Dividend of 3.85p per ordinary share paid on 28 November 2025 amounting to £14.5 million. Recommended Final Dividend of 4.79p per ordinary share will be paid on 29 May 2026, subject to approval at the Annual General Meeting.
4 Constant currency is 2025 results translated using the prior year’s foreign exchange rates. This excludes the impact from foreign exchange rate movements (“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 0.4% decrease in the euro against pound sterling (average rate of exchange used in FY 2025 was €/£ 1.178 vs FY 2024: 1.173).
5 FY 2024 figures for Gross cash, Net cash and Cash generated from operations have been restated. See note 8.
Serge Crasnianski, ME Group CEO & Deputy Chairman, commented:
“I am delighted to announce another year of record profitability at ME Group, largely driven by the continued strong performance in our fast-growing laundry division.
“Aligned with our growth strategy, and by leveraging strong customer relationships, the Group will continue to further build on its existing strong international footprint through the accelerated rollout of its laundry operations. Innovation and diversification remain a key focus for the Group, and the year ahead will see the rollout of our innovative key duplication machine, Kee.ME, in France.
“Furthermore, the Group aims to capitalise on its strong financial position and will seek to make acquisitions that are strictly and closely related to its core business, intended to either more rapidly expand its existing presence and services or broaden its offer through the creation of a new strategic division.”
Looking ahead
In respect of the year ending 31 October 2026, the Company confirms that the year-to-date performance is in line with expectations.
The Board remains highly confident in the Group’s strategy, its strong financial position, and its leading market position.
2025 FINANCIAL HIGHLIGHTS
· Total Group revenue increased by 2.4% to £315.4 million (+3.0% at constant currency4), driven by the rapid expansion of laundry services
· Total laundry revenue increased by 17.3% to £112.4 million (+17.7% at constant currency4). Total laundry EBITDA grew by 18.1% to £55.5 million (+18.5% at constant currency4) and now accounts for 46.1% of total Group EBITDA
· Wash.ME laundry vending revenue grew by 10.2% to £100.8 million (+10.6% at constant currency4)
· A record 1,326 machines installed (1,172 new machines; 154 relocations), bringing the total number of machines in operation at 31 October 2025 to 7,607, up 17.7% (2024: 6,462)
· Photobooth operations saw robust trading in key markets; however, revenue was 4.0% lower at £166.2 million (-3.4% at constant currency4), primarily impacted by regulatory changes in Germany and a printer supplier issue
· Group EBITDA increased by 5.4% to £120.4 million (2024: £114.2 million) and at constant currency4 increased by 6.0%. Group EBITDA margin improved to 38.2% (2024: 37.1%)
· Record profit before tax at £78.2 million, up 6.5% (+7.1% at constant currency4)
· Cash generated from operations increased by 8.9% to £115.5 million (2024: £106.1 million), whilst net cash was 10.2% lower at £26.5 million, which reflected increased capital investment
· Total dividend up 9.5% at 8.64 pence per Ordinary Share (Interim dividend of 3.85 pence and proposed Final dividend of 4.79 pence per Ordinary Share)
PUBLICATION OF ANNUAL REPORT AND ACCOUNTS
The Annual Report will be posted to those shareholders who have not chosen to receive electronic communication or communication through the Company’s website.
A copy of the Annual Report will also be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
