Business
Delay in FY25 Audited Financial Statements
ME Group International PLC has announced a delay in the publication of its audited financial statements for the year ended 31 October 2025, as its auditor requires more time to complete audit procedures, though no material issues have been identified. The company reaffirms its previously issued guidance for FY25, expecting total revenue between £311 million and £318 million and profit before tax between £76 million and £79 million. Consequently, the company anticipates a temporary suspension of its shares from 2 March 2026 until the FY25 results are published, expected by 13 March 2026. For the year ending 31 October 2026, trading is in line with expectations, and the company plans to launch a share buyback programme of £15 million to £20 million shortly after releasing its FY25 results. Disclaimer*
About this update from Me Group International Plc
[{"type":"text","content":"\n\nTHE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU NO. 596/2014) WHICH IS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN\n \n25 February 2026\n \n \nME Group International PLC\n('ME Group', 'the Company' or 'the Group')\n \n \nDelay in FY25 Audited Financial Statements\nFY26 Trading Statement and Share Buyback Update\n \n \nDelay in FY25 Audited Financial Statements\n \nThe Company announces a delay to the publication of the audited financial statements for the year ended 31 October 2025 (\"FY25\").\n \nThe Company's auditor, Forvis Mazars LLP, has informed the Audit Committee that it needs more time to finish its audit procedures for FY25.\n \nThe Group is naturally displeased and disappointed with this and is working with Forvis Mazars to make sure that the audit is completed as soon as possible. As of today, the Company has not been told of any material audit issues affecting the Group's consolidated financial statements.\n \nThe Company reconfirms the guidance provided on 7 November 2025 in respect of FY25 performance:\n \n\"Total revenue for the full year is expected to be between £311 million and £318 million1. The Group expects to report another year of record profitability with profit before tax of between £76 million and £79 million1. The Group's cash conversion and balance sheet remained strong.\" \n \nAs a result of the delay, the Company expects that its shares will be temporarily suspended from listing and trading from 2 March 2026 until the audit is concluded and the 2025 annual report and accounts are published, which the Company expects to be by no later than 13 March 2026.\n \nFY26 Trading Statement and Share Buyback Update\n \nIn respect of the year ending 31 October 2026 (\"FY26\"), the Company confirms that the year-to-date performance is in line with expectations.\n \nBased on proxy results to date, the Company believes it will receive the requisite authorities to implement a share buyback programme. The Company expects to launch a share buyback of between £15 million to £20 million shortly foll...