ME Group delivers record profitability, but photo group is down
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ME Group International plc, the instant-service equipment group based in France, announces its results for the 12 months ending Oct. 31 2025, with record pre-tax profit of £78.2 million profit before tax. Growth was driven by laundry operations, with a 1,145 net increase in laundry units (1,326 gross installations). There is also an on-going roll-out of its next-generation photo booths.
Among the highlights:
- Total Group revenue increased by 2.4% to £315.4 million (+3.0% at constant currency), driven by the rapid expansion of laundry services
- Total laundry revenue increased by 17.3% to £112.4 million (+17.7% at constant currency). Total laundry EBITDA grew by 18.1% to £55.5 million (+18.5% at constant currency) and now accounts for 46.1% of total Group EBITDA
- ME laundry vending revenue grew by 10.2% to £100.8 million (+10.6% at constant currency)
- 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 currency), 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 currency 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 currency)
- 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)
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 |
“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,” said Serge Crasnianski, CEO & Deputy Chairman. “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.”