Delay in FY25 Audited Financial Statements
Summary by AI BETAClose X
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU NO. 596/2014) WHICH IS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN
25 February 2026
ME Group International PLC
('ME Group', 'the Company' or 'the Group')
Delay in FY25 Audited Financial Statements
FY26 Trading Statement and Share Buyback Update
Delay in FY25 Audited Financial Statements
The Company announces a delay to the publication of the audited financial statements for the year ended 31 October 2025 ("FY25").
The Company's auditor, Forvis Mazars LLP, has informed the Audit Committee that it needs more time to finish its audit procedures for FY25.
The Group is naturally displeased and disappointed with this and is working with Forvis Mazars to make sure that the audit is completed as soon as possible. As of today, the Company has not been told of any material audit issues affecting the Group's consolidated financial statements.
The Company reconfirms the guidance provided on 7 November 2025 in respect of FY25 performance:
"Total revenue for the full year is expected to be between £311 million and £318 million1. The Group expects to report another year of record profitability with profit before tax of between £76 million and £79 million1. The Group's cash conversion and balance sheet remained strong."
As a result of the delay, the Company expects that its shares will be temporarily suspended from listing and trading from 2 March 2026 until the audit is concluded and the 2025 annual report and accounts are published, which the Company expects to be by no later than 13 March 2026.
FY26 Trading Statement and Share Buyback Update
In respect of the year ending 31 October 2026 ("FY26"), the Company confirms that the year-to-date performance is in line with expectations.
Based on proxy results to date, the Company believes it will receive the requisite authorities to implement a share buyback programme. The Company expects to launch a share buyback of between £15 million to £20 million shortly following publication of its FY25 results.
1Excluding the impact from foreign exchange rates ("at constant currency") during FY25, 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 |
|
Vlad Crasneanscki, Deputy CEO |
|
|
Stéphane Gibon, CFO |
|
|
|
|
|
Hudson Sandler Wendy Baker / Nick Moore
|
+44 (0) 20 7796 4133 |
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
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 2 days ago City of London Investment Group
- 2 days ago Aberdeen Group plc
- 2 days ago NATWEST GROUP
- 2 days ago Ondo Insurtech
- 2 days ago Banco Santander S.A.