The Board of ME Group is pleased to declare an interim dividend of 3.85 pence per Ordinary Share (H1 2024: 3.45 pence per Ordinary Share), an increase of 11.6%, which will return £14.5 million to shareholders. The dividend will be paid on 28 November 2025 to shareholders on the register on 7 November 2025. The ex-dividend date will be 6 November 2025.
Other financial highlights:
Strong first-half performance, delivering revenue up 2.3% (up 4.7% at constant currency), EBITDA up 3.9% (up 6.4% at constant currency), and profit before tax growth of 13.3% (up 16.3% at constant currency).
Performance driven by total laundry operations which saw revenue increase by 17.7% to £51.9 million, with Revolution vending revenue up 13.3% to £46.7 million (up 15.8% at constant currency).
The Group's EBITDA margin increased by 0.5 ppts to 34.6% and profit before tax margin increased by 2.2 ppts to 22.1%, reflecting the strong focus on disciplined cost control and operational leverage of the Group.
Further strategic progress made on growth strategy, with net 523 Revolution units deployed in H1 2025 and the Group remains on track to install a total of 1,200 net Revolution units and 3,200 next-generation photobooths in 2025.
Cash generated from operations grew by 14.1% to £47.6 million, further enhancing the Group's strong balance sheet, with gross cash of £74.9 million and net cash of £36.2 million at the period end. The Group made loan repayments totalling £11.0 million in H1 2025.
Diluted earnings per ordinary share up 12.8% to 6.74 pence, reflecting the Group's commitment to enhance returns for all shareholders.
