ME Group International reports flat sales but profits up in half-year report

ME Group International plc, the instant-service equipment group, reported, for the six months ending April 30, group pre-tax profit was up approximately 14% (up approximately 17% at constant currency) and Group revenue up approximately 2% (up approximately 4% at constant currencyg), driven by the strong continued performance in our laundry business. Excluding the H1 2024 contribution from SEMPA SAS, which was sold in May 2024, revenue in H1 2025 was up approximately 3.5% year-on-year (up approximately 6% at constant currency).

Photobooth revenue is down approximately 3.3% (down approximately 1.1% at constant currency), primarily due to a technical issue with new printers, which has now been resolved but caused an estimated 2% drop in photobooth revenue in H1 2025. The group received compensation from the supplier in connection with this issue. The group is on track to install its target of 3,200 next-generation photobooths in FY 2025 as it continues to upgrade and replace existing machines.

Laundry operations delivered a strong performance with revenue up 13.3% (up 15.7% at constant currency¹). This reflected ongoing demand across all our geographies. In line with the Group’s focus on laundry expansion, new machine installations continued at pace, particularly across France and the UK, with a further 550 net new machines installed in H1 2025.  The Group remains on track to install a total of 1,200 net Revolution laundry machines across target geographies in FY 2025.

In March 2025, the group completed a small acquisition of a photo ID competitor in Belgium, which will see ME Group add 116 photobooths to its portfolio, all of which were profitable in the prior year]. This further evidences delivery of the Group’s growth strategy through expansion in existing and new geographic territories. The acquisition was funded via the Group’s cash balances.

In other news, ME Group also announced the following board appointments:

Vladimir Crasneanscki has joined the Board in the role of Executive Director.He joined the company in April 2022 as Head of Customer Development and was subsequently appointed Head of Commercial Operations. He was later appointed Managing Director, UK and Head of Investor Relations in January 2024. Also Gregory Barker, Lord Barker of Battle, joins the noard as an independent Non-executive Director.