Me Group International
MEGP · Main Market · Consumer Products and Services · mcap £444m · 112.8p
ME Group installs and runs self-service photobooths, laundry machines (Wash.ME), children's rides and other vending machines in retail sites, mainly in France, the UK and Japan. It earns money from each use of the machines and shares a part with the site owners.
The case for
- Laundry is growing fast: Wash.ME revenue rose 16% in H1 2026, and 1,145 net machines were added in FY 2025. Contracts with Morrisons, Motor Fuel Group and ASDA support the rollout. 13 Jul 2026 23 Mar 2026 29 Jul 2024 20 Jan 2025 9 Apr 2026
- Profit has risen for several years to a record £78.2m in FY 2025, with EBITDA of £120m. The business generates cash, with net cash of £38m at FY 2024. 23 Mar 2026 4 Dec 2024
- The company is buying back up to £18m of its own shares and says it will pay out more than 55% of profit as dividends. 23 Mar 2026 13 Jul 2026
- The long-term goal is 20,000+ laundry machines against more than 7,600 now, leaving a large room to grow. 9 Apr 2026
The case against
- FY 2026 profit guidance of £69m-£74m is below the prior year. Photobooth sales fell 17% in April 2026. 1 Jun 2026
- H1 2026 profit fell to £32.7m and the interim dividend was cut to 3.60p. 13 Jul 2026
- Governance questions: the audit was delayed twice, the shares were suspended, and many board and executive roles changed in 2025-26. 25 Feb 2026 12 Mar 2026 28 Apr 2026 2 Mar 2026
- The strategic review ended with no acceptable offer, and the main shareholder sold out at 132p, well below its 200p sale in 2025. 5 Dec 2025 14 Jan 2026 28 Feb 2025
Both sides use only facts from the company's announcements · not investment advice
Company filings. Not investment advice.