ME Group expects to post pretax profit rise; notes uncertain backdrop
ME Group International PLC on Friday said its review of strategic options to enhance shareholder value is ongoing, while it anticipates posting a climb in annual profit.
The Surrey, England-based vending machine operator said it expects to report total revenue at constant currency for the full year to the end of October between £311 million and £318 million, compared to a constant currency revenue of £317.8 million it had reported in financial 2024.
It expects to report ‘another year of record profitability’ with constant currency pretax profit between £76 million and £79 million, compared to constant currency pretax profit of £74.1 million a year prior.
The firm said its review of strategic options to enhance shareholder value, including seeking offers for the company, is ongoing.
‘Whilst the macro-economic backdrop is still uncertain, the group remains well-positioned to deliver continued revenue and profit growth in the year ahead,’ ME Group said.
ME Group expects to publish annual results in mid-February 2026.
ME Group shares fell 11% to 168.64 pence each on Friday morning in London.
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