Me Group International

MEGP · Main Market · Consumer Products and Services · mcap £423m · 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.

Financials · LTM to 30 Apr 26

Source: results 13 Jul 26 ↗

Revenue: £316m
Operating profit: £78.5m
Net income: £55.5m
Free cash flow: £10.0m
Net cash: £7.5m
Market cap: £423m
EV / EBIT: 5.3×
FCF yield: +2.4%
Price / book: 2.1×

Latest half-year · H1 Apr 26 vs H1 Apr 25 results 13 Jul 26 ↗

Revenue: £154m
Operating profit: £33.5m
Net income: £24.5m
Cash from operations: £32.2m

Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

As reported Key figures

Income statement Balance sheet Cash flow

Annual Half-yearly

Every line as the company printed it, newest first – each period in the latest version the company published (restated figures where a later report restated them), in its own currency and units. Italic = calculated (H2 = full year − first half). The column headings link to the announcements.

Latest report: H1 Apr 26 (six months to 30 Apr 26), published 13 Jul 26 · read the results ↗

	FY Oct 25£'000 source	FY Oct 24£'000 source	FY Oct 23£'000 source	FY Oct 22£'000 source
Revenue	315,393	307,886	297,662	259,780
Cost of Sales	(202,430)	(198,394)	(194,413)	(178,377)
Gross Profit	112,963	109,492	103,249	81,403
Other Operating Income	154	209	194	7,916
Administrative Expenses	(34,968)	(35,617)	(35,351)	(32,638)
Reversal of impairment of trade receivables / (impairment)	–	–	(604)	–
(Impairment) / reversal of impairment of trade receivables	(12)	303	–	–
Share of Post-Tax Profits from Associates	1	3	14	-
Operating Profit	78,138	74,390	67,502	56,681
Other net gains / (losses)	–	–	–	(1,176)
Non-operating income - net	2,211	982	701	–
Finance Income	118	670	1,401	-
Finance Cost	(2,256)	(2,621)	(2,537)	(2,151)
Profit before Tax	78,211	73,421	67,067	53,354
Total Tax Charge	(21,639)	(19,331)	(16,401)	(14,561)
Profit for the year	56,572	54,090	50,666	38,793
Other Comprehensive Income
Items that are or may subsequently be classified to Profit and Loss
Exchange Differences Arising on Translation of Foreign Operations	5,208	(4,839)	454	829
Exchange differences reclassified to income statement on disposal of subsidiaries	-	76	-	–
Total Items that are or may subsequently be classified to profit and loss	5,208	(4,763)	454	829
Items that will not be classified to profit and loss
Remeasurement (losses) / gains in defined benefit obligations and other post-employment benefit obligations	–	–	(220)	1,151
Deferred tax on remeasurement losses / (gains)	–	–	48	(248)
Remeasurement gains / (loss) in defined benefit obligations and other post-employment benefit obligations	66	(520)	–	–
Deferred tax on remeasurement (gains) / loss	(25)	118	–	–
Total items that will not be classified to profit and loss	41	(402)	(172)	903
Other comprehensive income for the year net of tax	–	–	282	1,732
Total Comprehensive income for the ear	–	–	–	40,525
Other comprehensive income / (expense) for the year net of tax	5,249	(5,165)	–	–
Total comprehensive income for the year	61,821	48,925	50,948	–
Profit for the Year Attributable to
Owners of the Parent	56,572	54,090	50,666	38,793
Non-controlling interests	-	-	-	-
Total profit for the Year Attributable to	56,572	54,090	50,666	38,793
Total comprehensive income attributable to
Owners of the Parent	61,821	48,925	50,948	40,525
Non-controlling interests	-	-	-	-
	–	–	–	40,525
	61,821	48,925	50,948	–
Earnings per Share
Basic Earnings per Share	15.00p	14.36p	13.41p	10.26p
Diluted Earnings per Share	14.91p	14.27p	13.33p	10.23p
Total 31 October 31 October	–	–	–	2022
Goodwill	–	–	–	16,320
Other intangible assets	–	–	–	16,435
Property, plant & equipment	–	–	–	101,090
Investment property	–	–	–	592
Investment in associates	–	–	–	21
Financial instruments held at FVTPL	–	–	–	5,239
Other receivables	–	–	–	1,973
Non-Current Assets	–	–	–	141,670
Inventories	–	–	–	25,491
Trade and other receivables	–	–	–	20,050
Current tax	–	–	–	2,990
Cash and cash equivalents	–	–	–	136,185
Current assets	–	–	–	184,716
Non-Current Assets Classified as Held for Sale	–	–	–	-
Total assets	–	–	–	326,386
Share capital	–	–	–	1,889
Share premium	–	–	–	10,627
Treasury shares	–	–	–	-
Translation and other reserves	–	–	–	11,159
Retained earnings	–	–	–	108,974
Total Shareholders' funds	–	–	–	132,649
Financial liabilities	–	–	–	82,429
Post-employment benefit obligations	–	–	–	3,850
Deferred tax liabilities	–	–	–	7,778
Non-current liabilities	–	–	–	94,057
Financial liabilities	–	–	–	35,657
Provisions	–	–	–	1,567
Current tax	–	–	–	10,208
Trade and other payables	–	–	–	52,248
Current liabilities	–	–	–	99,680
Total equity and liabilities	–	–	–	326,386

	H1 Apr 26£'000 source	H2 Oct 25£'000 calc.	H1 Apr 25£'000 source	H2 Oct 24£'000 calc.	H1 Apr 24£'000 source	H2 Oct 23£'000 calc.
Revenue	154,318	161,604	153,789	157,531	150,355	153,840
Cost of sales	(104,475)	(100,689)	(101,741)	(94,545)	(103,849)	(94,112)
Gross profit	49,843	60,915	52,048	62,986	46,506	59,728
Other operating income	54	93	61	136	73	71
Administrative expenses	(16,645)	(15,976)	(18,992)	(19,429)	(16,188)	(19,171)
(Impairment of trade receivables) / reversal of impairment	–	–	–	–	(116)	–
Reversal of impairment / (impairment of trade receivables)	216	–	(21)	–	–	–
Share of post-tax profits from associates	-	1	-	3	-	14
Operating profit	33,468	45,042	33,096	44,115	30,275	40,038
Non-operating income - net	550	248	1,963	849	133	–
Finance income	11	83	35	(93)	763	821
Finance cost	(1,307)	(1,175)	(1,081)	(1,414)	(1,207)	(1,487)
Profit before tax	32,722	44,198	34,013	43,457	29,964	39,882
Total tax charge	(8,183)	(13,217)	(8,422)	(11,992)	(7,339)	(9,604)
Profit for the period	24,539	–	25,591	–	22,625	–
Other comprehensive income
Items that are or may subsequently be classified to profit and loss
Exchange differences arising on translation of foreign operations	(3,935)	2,757	2,451	(1,647)	(3,192)	(741)
Exchange differences reclassified to income statement on disposal of subsidiaries	–	–	–	76	-	–
Total items that are or may subsequently be classified to profit and loss	(3,935)	2,757	2,451	(1,571)	(3,192)	(741)
Items that will not be classified to profit and loss
Remeasurement losses in defined benefit obligations and other post-employment benefit obligations	–	–	–	–	-	–
Remeasurement gains in defined benefit obligations and other post-employment benefit obligations	-	66	-	–	–	–
Deferred tax on remeasurement gains	-	–	-	–	-	–
Total Items that will not be classified to profit and loss	-	41	-	(402)	-	(172)
Other comprehensive income / (expense) for the year net of tax	(3,935)	2,798	2,451	(1,973)	(3,192)	–
Total comprehensive income for the period	20,604	–	28,042	–	19,433	–
Profit for the period attributable to
Owners of the parent	24,539	30,981	25,591	31,465	22,625	30,278
Non-controlling interests	-	-	-	-	-	-
Total profit for the period attributable to	24,539	–	25,591	–	22,625	–
Total comprehensive income attributable to
Owners of the parent	20,604	33,779	28,042	29,492	19,433	29,365
Non-controlling interests	-	-	-	-	-	-
	–	–	–	29,492	19,433	–
	20,604	–	28,042	–	–	–
Earnings per share
Basic earnings per share	6.50p	–	6.79p	–	6.01p	–
Diluted earnings per share	6.48p	–	6.74p	–	5.97p	–

	30 Apr 26£'000 source	31 Oct 25£'000 source	31 Oct 24£'000 source	31 Oct 23£'000 source	31 Oct 22£'000 source
Assets
Goodwill	11,062	11,159	11,006	18,888	16,320
Other intangible assets	15,040	16,205	14,362	17,822	16,435
Property, plant & equipment	176,776	169,506	136,332	118,124	101,090
Investment property	–	–	–	–	592
Investment in associates	38	39	37	35	21
Financial instruments held at FVTPL	2,509	1,991	1,619	5,886	5,239
Other receivables	1,999	1,976	2,814	3,005	1,973
Non-current assets	207,424	200,876	166,170	163,760	141,670
Inventories	56,023	47,740	38,065	32,501	25,491
Trade and other receivables	20,970	19,238	19,292	12,261	20,050
Current tax	1,729	9,997	97	7,962	2,990
Cash and cash equivalents	52,849	56,539	77,458	111,091	136,185
Current assets	131,571	133,514	134,912	163,815	184,716
Non-Current Assets Classified as Held for Sale	–	–	–	4,947	-
Non-curent assets classified as held for sale	–	-	2,869	–	–
Total assets	338,995	334,390	303,951	332,522	326,386
Equity
Share capital	1,879	1,887	1,882	1,891	1,889
Share premium	12,701	12,173	11,510	11,083	10,627
Treasury shares	–	–	–	(1,969)	-
Capital redemption reserve	22	12	12	-	–
Translation and other reserves	9,764	13,611	7,990	11,958	11,159
Retained earnings	174,558	185,321	158,477	136,025	108,974
Total Shareholders' funds	198,924	213,004	179,871	158,988	132,649
Liabilities
Financial liabilities	31,757	20,271	35,957	58,447	82,429
Post-employment benefit obligations	4,501	4,556	4,402	4,063	3,850
Deferred tax liabilities	9,444	9,598	7,202	8,566	7,778
Trade and other payables	386	381	-	57,921	52,248
Non-current liabilities	46,088	34,806	47,561	71,076	94,057
Financial liabilities	23,588	22,771	23,806	32,063	35,657
Provisions	374	560	1,306	1,884	1,567
Current tax	6,038	11,036	3,253	10,590	10,208
Trade and other payables	63,983	52,213	48,154	–	–
Current liabilities	93,983	86,580	76,519	102,458	99,680
Total equity and liabilities	338,995	334,390	303,951	332,522	326,386
Registration number	–	00735438	–	–	–

	30 Apr 26£'000 source	31 Oct 25£'000 source	30 Apr 25£'000 source	31 Oct 24£'000 source	30 Apr 24£'000 source	31 Oct 23£'000 source
Assets
Goodwill	11,062	11,159	13,442	11,006	12,224	18,888
Other intangible assets	15,040	16,205	13,697	14,362	16,206	17,822
Property, plant & equipment	176,776	169,506	146,855	136,332	122,300	118,124
Investment in associates	38	39	38	37	34	35
Financial instruments held at FVTPL	2,509	1,991	1,861	1,619	2,146	5,886
Other receivables	1,999	1,976	2,856	2,814	3,104	3,005
Non-current assets	207,424	200,876	178,749	166,170	156,014	163,760
Inventories	56,023	47,740	38,352	38,065	37,430	32,501
Trade and other receivables	20,970	19,238	20,498	19,292	11,830	12,261
Current tax	1,729	9,997	10,119	97	10,988	7,962
Financial instruments held at FVTPL	–	–	–	–	3,728	–
Cash and cash equivalents	52,849	56,539	66,374	77,458	82,656	111,091
Current assets	131,571	133,514	135,343	134,912	146,632	163,815
Non-Current Assets Classified as Held for Sale	–	–	–	–	–	4,947
Assets of the disposal group and non-current assets classified as held for sale	–	–	–	–	12,511	–
Non-curent assets classified as held for sale	–	-	–	2,869	–	–
Total assets	338,995	334,390	314,092	303,951	315,157	332,522
Equity
Share capital	1,879	1,887	1,882	1,882	1,893	1,891
Share premium	12,701	12,173	11,571	11,510	11,311	11,083
Treasury shares	–	–	–	–	(3,394)	(1,969)
Capital redemption reserve	22	12	12	12	-	-
Translation and other reserves	9,764	13,611	10,683	7,990	9,069	11,958
Retained earnings	174,558	185,321	154,298	158,477	148,629	136,025
Total Shareholders' funds	198,924	213,004	178,446	179,871	167,508	158,988
Liabilities
Financial liabilities	31,757	20,271	25,284	35,957	44,919	58,447
Post-employment benefit obligations	4,501	4,556	4,437	4,402	3,848	4,063
Deferred tax liabilities	9,444	9,598	7,115	7,202	5,507	8,566
Trade and other payables	386	381	-	-	52,893	57,921
Non-current liabilities	46,088	34,806	36,836	47,561	54,274	71,076
Financial liabilities	23,588	22,771	23,165	23,806	26,648	32,063
Provisions	374	560	1,995	1,306	1,196	1,884
Current tax	6,038	11,036	10,842	3,253	9,478	10,590
Trade and other payables	63,983	52,213	62,808	48,154	–	–
Current liabilities	93,983	86,580	98,810	76,519	90,215	102,458
Liabilities of the disposal group classified as held for sale	–	–	–	–	3,160	–
Total equity and liabilities	338,995	334,390	314,092	303,951	315,157	332,522
Registration number	–	00735438	–	–	–	–

	FY Oct 25£'000 source	FY Oct 24£'000 source	FY Oct 23£'000 source	FY Oct 22£'000 source
Cash flow from operating activities
Profit before tax	78,211	73,421	67,067	53,354
Finance costs	899	1,046	1,286	794
Interest of lease liabilities	1,357	1,575	1,251	1,357
Finance income	(118)	(670)	(1,401)	-
Other net (gains) / losses	–	–	–	1,176
Non-operating income - net	(2,211)	(982)	(701)	–
Operating profit	78,138	74,390	67,502	56,681
Amortisation and impairment of intangible assets	4,508	7,425	6,586	6,772
Depreciation and impairments of property,plant and equipment	–	–	–	28,791
Loss / (gain) on sale of property, plant and equipment and intangible assets	–	–	–	(7,490)
Depreciation of property, plant and equipment net of reversal of impairments	37,791	32,409	32,552	–
Loss on sale property, plant and equipment and intangible assets	1,183	263	555	–
Exchange differences	(450)	1,081	(129)	(594)
Movements in provisions	–	–	–	(809)
Non-cash movements in provisions and post-employment benefit obligations	583	541	1,243	–
Share based compensation charge	413	795	345	–
Other non cash items	85	268	(378)	(432)
Changes in working capital	–	–	–	-
Changes in working capital
Inventories	(9,651)	(5,564)	(7,010)	(7,033)
Trade and other receivables	13	(3,099)	2,975	2,295
Trade and other payables	2,839	(2,374)	5,673	9,764
Cash generated from operations	115,452	106,135	109,914	87,945
Net interest paid	–	–	–	(2,151)
Payments made in respect of provisions and post-employment benefit obligations	(1,194)	(796)	(881)	–
Interest paid	(2,256)	(2,621)	(2,537)	–
Interest received	118	670	1,401	–
Taxation paid	(21,358)	(17,518)	(20,203)	(10,895)
Net cash generated from operating activities	90,762	85,870	87,693	74,899
Cash flows from investing activities
Acquisition of subsidiaries	(1,064)	-	(4,790)	(739)
Proceeds from disposal of subsidiaries	–	–	–	152
Net proceeds from disposal of subsidiaries	-	3,673	209	–
Purchase of intangible assets	(3,528)	(2,511)	(3,798)	(2,486)
Proceeds from sale of intangible assets	–	–	–	71
Purchase of property, plant and equipment	(62,081)	(52,103)	(45,842)	(32,670)
Capital expenditure on non-current assets classified as held for sale	–	–	(4,362)	–
Proceeds from sale of property, plant and equipment	760	1,523	1,539	8,997
Investment in financial instruments	–	–	–	(4,450)
Proceeds from sale of non-current assets classified as held for sale	4,429	1,852	-	–
Restricted deposits released to cash	988	-	–	–
Net cash utilised in investing activities	(60,496)	(47,566)	(57,044)	(31,125)
Cash flows from financing activities
Issue of ordinary shares to equity shareholders	668	430	458	28
Acquisition of minority interest	–	–	–	(2,985)
Purchase of treasury shares	-	(1,425)	(1,969)	-
Repayment of principal of leases	(4,832)	(5,932)	(5,857)	(6,196)
Repayment of borrowings	(21,549)	(27,049)	(30,961)	(24,622)
New borrowings drawn	1,008	1,152	4,817	61,773
Dividends paid to owners of the Parent	(29,769)	(27,842)	(23,443)	(35,497)
Net cash utilised in financing activities	(54,474)	(60,666)	(56,955)	(7,499)
Net (decrease) / increase in cash and cash equivalents	–	–	–	36,275
Net decrease in cash and cash equivalents	(24,208)	(22,363)	(26,304)	–
Cash and cash equivalents at beginning of year	77,458	103,698	136,185	99,362
Exchange gain / (loss) on cash and cash equivalents	3,289	(3,877)	1,210	548
Cash and cash equivalents at end of year	56,539	77,458	111,091	136,185

	H1 Apr 26£'000 source	H2 Oct 25£'000 calc.	H1 Apr 25£'000 source	H2 Oct 24£'000 calc.	H1 Apr 24£'000 source	H2 Oct 23£'000 calc.
Cash flow from operating activities
Profit before tax	32,722	44,198	34,013	43,457	29,964	39,882
Finance costs	436	453	446	501	545	791
Interest of lease liabilities	871	722	635	913	662	696
Finance income	(11)	(83)	(35)	93	(763)	(821)
Non-operating income - net	(550)	(248)	(1,963)	(849)	(133)	–
Operating profit	33,468	45,042	33,096	44,115	30,275	40,038
Amortisation and impairment of intangible assets	–	–	–	4,304	3,121	4,277
Amortisation and impairment of goodwill and other intangible assets	2,410	–	2,201	–	–	–
Depreciation and impairment of property, plant and equipment	21,156	–	17,889	–	17,757	–
Loss on sale of property, plant and equipment and intangible assets	500	–	263	–	47	–
Exchange differences	(2,446)	1,383	(1,833)	(266)	1,347	369
Non-cash movements in provisions and post-employment benefit obligations	(66)	731	(148)	1,444	(903)	–
Share based compensation charge	88	171	242	492	303	–
Other non cash items	(87)	420	(335)	605	(337)	(247)
Changes in working capital
Inventories	(8,283)	(9,364)	(287)	(635)	(4,929)	1,094
Trade and other receivables	(1,755)	1,261	(1,248)	(3,179)	80	3,747
Trade and other payables	(6,253)	4,956	(2,117)	2,653	(5,027)	5,849
Cash generated from operations	38,733	67,729	47,723	64,401	41,734	73,133
Payments made in respect of provisions and post-employment benefit obligations	(175)	(736)	(458)	(796)	-	–
Interest paid	(1,307)	(1,175)	(1,081)	(1,414)	(1,207)	(1,486)
Interest received	15	58	60	(93)	763	821
Taxation paid	(5,066)	(10,416)	(10,942)	(5,626)	(11,892)	(7,401)
Net cash generated from operating activities	32,200	55,460	35,302	56,472	29,398	64,765
Cash flows from investing activities
Acquisition of subsidiaries, net of cash acquired	-	–	(525)	–	-	–
Deferred consideration for acquisition of subsidiaries	–	–	–	–	(100)	–
Proceeds from disposal of subsidiaries	–	–	–	–	-	–
Cash held by disposal group classified as held for sale	–	–	–	–	(262)	–
Purchase of intangible assets	(1,695)	(2,281)	(1,247)	(1,544)	(967)	(2,426)
Purchase of property, plant and equipment (including additions to non-current assets held for sale)	–	–	–	–	(25,607)	–
Purchase of property, plant and equipment	(32,243)	(34,478)	(27,603)	–	–	–
Proceeds from sale of non-current assets classified as held for sale	-	(18)	4,447	1,852	-	–
Proceeds from sale of property, plant and equipment and other intangibles	372	–	648	–	967	–
Restricted deposits released to cash	-	988	-	–	–	–
Net cash utilised in investing activities	(33,566)	(36,216)	(24,280)	(21,597)	(25,969)	(37,814)
Cash flows from financing activities
Issue of ordinary shares to equity shareholders	530	607	61	200	230	457
Purchase of treasury shares	(2,737)	-	-	-	(1,425)	(1,969)
Repayment of principal of leases	(3,024)	(2,727)	(2,105)	(3,191)	(2,741)	(3,150)
Repayment of borrowings	(10,360)	(10,508)	(11,041)	(12,199)	(14,850)	(14,673)
New borrowings drawn	26,457	495	513	514	638	3,954
Dividends paid to owners of the Parent	(14,542)	(16,770)	(12,999)	(16,639)	(11,203)	(13,614)
Net cash utilised in financing activities	(3,676)	(28,903)	(25,571)	(31,315)	(29,351)	(28,995)
Net decrease in cash and cash equivalents	(5,043)	(9,659)	(14,549)	3,559	(25,922)	(2,042)
Cash and cash equivalents at beginning of year	56,539	-	77,458	(7,393)	111,091	985
Exchange gain / (loss) on cash and cash equivalents	1,353	(176)	3,465	(1,364)	(2,513)	(909)
Cash and cash equivalents at end of year	52,849	(9,835)	66,374	(5,198)	82,656	(1,966)

	LTM Apr 26	FY Oct 25	FY Oct 24	FY Oct 23	FY Oct 22
Revenue to operating profit
Revenue	315.9	315.4	307.9	297.7	259.8
Gross profit	110.8	113.0	109.5	103.2^r	81.4
EBITDA	–	–	114.2	106.6	–
Operating profit	78.5	78.1	74.4	67.5	56.7
Amortisation	–	–	–	6.6	–
Share-based payments	0.3	0.4	0.8	0.3	–
Operating profit to net income
Finance costs	(2.5)	(2.3)	(2.6)	(2.5)	(2.2)
Profit before tax	76.9	78.2	73.4	67.1	53.4
Tax	(21.4)	(21.6)	(19.3)	(16.4)	(14.6)
Net income (owners)	55.5	56.6	54.1	50.7	38.8
Per share
EPS basic	14.7p	15.0p	14.4p	13.4p	10.3p
EPS diluted	14.7p	14.9p	14.3p	13.3p	10.2p
Dividend per share	8.4p	8.6p	7.9p	7.4p	12.7p

	H1 Apr 26	vs H1 Apr 25	H2 Oct 25	H1 Apr 25	H2 Oct 24	H1 Apr 24	H2 Oct 23
Revenue to operating profit
Revenue	154.3	0%	161.6	153.8	157.5	150.4	153.8
Gross profit	49.8	−4%	60.9	52.0	63.0	46.5	59.7
EBITDA	57.0	–	–	–	63.0	51.2	60.5
Operating profit	33.5	+1%	45.0	33.1	44.1	30.3	40.0
Amortisation	–	–	–	–	–	3.1	4.3
Share-based payments	0.1	−64%	0.2	0.2	0.5	0.3	–
Operating profit to net income
Finance costs	(1.3)	+21%	(1.2)	(1.1)	(1.4)	(1.2)	(1.5)
Profit before tax	32.7	−4%	44.2	34.0	43.5	30.0	39.9
Tax	(8.2)	−3%	(13.2)	(8.4)	(12.0)	(7.3)	(9.6)
Net income (owners)	24.5	−4%	31.0	25.6	31.5	22.6	30.3
Per share
EPS basic	6.5p	–	8.2p	6.8p	8.3p	6.0p	8.0p
EPS diluted	6.5p	–	8.2p	6.7p	8.3p	6.0p	8.0p
Dividend per share	3.6p	–	4.8p	3.9p	4.5p	3.5p	4.4p

	LTM Apr 26	FY Oct 25	FY Oct 24	FY Oct 23	FY Oct 22
Operating activities
Cash from operations	87.7	90.8	85.9^r	87.7^r	74.9
Interest paid	(2.5)	(2.3)	(2.6)	(2.5)^r	–
Tax paid	(15.5)	(21.4)	(17.5)	(20.2)	(10.9)
Investing activities
Capex (PP&E)	(66.7)	(62.1)	(52.1)	(45.8)	(32.7)
Capex (intangibles)	(4.0)	(3.5)	(2.5)	(3.8)^r	(2.5)
Financing activities
Lease principal paid	(5.8)	(4.8)	(5.9)	(5.9)	(6.2)
Lease interest paid	–	–	–	1.3	1.4
Dividends paid	(31.3)	(29.8)	(27.8)	(23.4)	(35.5)
Share buybacks	(2.7)	0.0	(1.4)	(2.0)	–
Shares issued	1.1	0.7	0.4	0.5	0.0

	H1 Apr 26	vs H1 Apr 25	H2 Oct 25	H1 Apr 25	H2 Oct 24	H1 Apr 24	H2 Oct 23
Operating activities
Cash from operations	32.2	−9%	55.5	35.3	56.5	29.4^r	64.8
Interest paid	(1.3)	+21%	(1.2)	(1.1)	(1.4)	(1.2)	(1.5)
Tax paid	(5.1)	−54%	(10.4)	(10.9)	(5.6)	(11.9)	(7.4)
Investing activities
Capex (PP&E)	(32.2)	+17%	(34.5)	(27.6)	(26.5)	(25.6)	(26.1)
Capex (intangibles)	(1.7)	+36%	(2.3)	(1.2)	(1.5)	(1.0)	(2.4)
Financing activities
Lease principal paid	(3.0)	+44%	(2.7)	(2.1)	(3.2)	(2.7)	(3.1)
Dividends paid	(14.5)	+12%	(16.8)	(13.0)	(16.6)	(11.2)	(13.6)
Share buybacks	(2.7)	n/m	0.0	0.0	0.0	(1.4)	(2.0)
Shares issued	0.5	n/m	0.6	0.1	0.2	0.2	0.5

	30 Apr 26	31 Oct 25	31 Oct 24	31 Oct 23	31 Oct 22
Non-current assets
Goodwill	11.1	11.2	11.0	18.9	16.3
Other intangibles	15.0	16.2	14.4	17.8^r	16.4
Property, plant & equipment	176.8	169.5	136.3	118.1	101.1
Investment property	–	–	–	0.0	0.6
Associates & JVs	0.0	0.0	0.0	0.0	0.0
Other investments	2.5	2.0	–	–	–
Non-current assets	207.4	200.9	169.0	168.7	141.7
Current assets
Inventories	56.0	47.7	38.1	32.5	25.5
Trade receivables	21.0	19.2	19.3	12.3^r	20.1
Cash	52.8	56.5	77.5^r	111.1	136.2
Current assets	131.6	133.5	134.9^r	163.8^r	184.7
Total assets	339.0	334.4	304.0^r	332.5	326.4
Current liabilities
Trade payables	64.0	52.2	56.8	57.9	52.2
Borrowings, current	19.6	17.6^r	19.4	27.0^r	29.8
Current liabilities	94.0	86.6	76.5^r	102.5	99.7
Non-current liabilities
Borrowings, non-current	25.8	12.4^r	28.5	50.1^r	72.4
Equity
Total equity	198.9	213.0	179.9	159.0	132.6
Net cash and other figures
Net cash / (debt) ex leases	7.5	26.5	29.5^r	33.9	34.0
Treasury shares	–	–	–	-2.0m	–

	30 Apr 26	31 Oct 25	30 Apr 25	31 Oct 24	30 Apr 24	31 Oct 23
Non-current assets
Goodwill	11.1	11.2	13.4	11.0	12.2^r	18.9
Other intangibles	15.0	16.2	13.7	14.4	16.2^r	17.8^r
Property, plant & equipment	176.8	169.5	146.9	136.3	122.3	118.1
Investment property	–	–	–	–	0.0	0.0
Associates & JVs	0.0	0.0	0.0	0.0	0.0	0.0
Other investments	2.5	2.0	1.9	–	–	–
Non-current assets	207.4	200.9	178.7	169.0	168.5	168.7
Current assets
Inventories	56.0	47.7	38.4	38.1	37.4	32.5
Trade receivables	21.0	19.2	20.5	19.3	11.8	12.3^r
Cash	52.8	56.5	66.4^r	77.5^r	82.7	111.1
Current assets	131.6	133.5	135.3^r	134.9^r	146.6	163.8^r
Total assets	339.0	334.4	314.1^r	304.0^r	315.2	332.5
Current liabilities
Trade payables	64.0	52.2	62.8^r	56.8	52.9	57.9
Borrowings, current	19.6	17.6^r	18.7	19.4	22.6	27.0^r
Current liabilities	94.0	86.6	98.8^r	76.5^r	90.2	102.5
Non-current liabilities
Borrowings, non-current	25.8	12.4^r	20.0	28.5	38.3	50.1^r
Equity
Total equity	198.9	213.0	178.4^r	179.9	167.5^r	159.0
Net cash and other figures
Net cash / (debt) ex leases	7.5	26.5	27.6^r	29.5^r	21.7	33.9
Treasury shares	–	–	–	–	–	-2.0m

Read automatically from each results announcement. Check the source before relying on a figure.

Company filings. Not investment advice.