LONDON: ME Group International plc (LSE: MEGP), the instant-service equipment provider, posted record first-half profits for the six months ended April 30, 2025, fueled by strong growth in its laundry segment and disciplined cost management.
Group revenue rose 2.3% year-over-year to £153.8 million (up 4.7% at constant currency), while EBITDA climbed 3.9% to £53.2 million. Pre-tax profit jumped 13.3% to £34.0 million, reflecting operational leverage and margin gains across key business units. Cash generated from operations grew 14.1% to £47.6 million.
Performance was led by total laundry operations, which saw revenue grow 17.7% to £51.9 million. The company’s Revolution self-service vending units contributed £46.7 million, up 13.3%, with net 523 units deployed in the period. ME Group plans to install 1,200 more Revolution units and 3,200 next-gen photobooths in 2025.
Diluted earnings per share increased 12.8% to 6.74 pence. The interim dividend was raised 11.6% to 3.85 pence per share, returning £14.5 million to shareholders. The Group reaffirmed its commitment to pay more than 55% of annual post-tax profit to shareholders.
CEO Serge Crasnianski said, “We are pleased to report record trading momentum driven by our rapidly growing laundry operations. Our strategy remains unchanged, and we are well-positioned for long-term success.”
ME Group expects FY 2025 pre-tax profit between £76 million and £80 million, marking another year of record profitability despite challenging global markets.