ME International : TRADING UPDATE (260601 ME Group Trading Update)

About this update from Me Group International Plc

Regulation (EU) 596/2014 as amended by regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310.Upon the publication of this announcement, this inside information is now considered to be in the public domain. 1 June 2026 ME Group International plc ('ME Group', the 'Group' or the 'Company') Trading Update ME Group, the instant-service equipment group, announces a trading update for the six months ended 30 April 2026 ('H1 2026') and the outlook for 2026 financial year ('FY 2026'). As noted in the 2025 Annual Results published on 23 March 2026, the Group started FY 2026 in line with expectations, and the operational business continued on this trajectory through the majority of H1 2026. However, during April, the Group experienced a softening in revenue, particularly in the French photobooth and laundry businesses. The Board believes this is largely attributable to a shift in consumer spending patterns driven by lower consumer confidence due to the ongoing conflict in the Middle East. Group revenue in H1 2026 grew by 2%. The photobooth business was impacted by reduced demand for official photo ID amid ongoing travel uncertainty, with Photo.ME revenue down 17% in April compared with a decline of 6% in H1 2026. Wash.ME, the Group's higher-margin business, was also impacted in April by a decline in consumer spending, with revenue in April up only 3% compared with an increase of 17% in H1 2026 overall. Revenue from the sale of equipment in H1 2026 was down 14% compared with the same period last year, reflecting the Company's focus on operating instant-service equipment. While there has been an improvement in trading through May, the Board does not expect trading patterns to normalise while conflict in the Middle East and the subsequent uncertainty in the macroeconomic landscape continue. Consequently, the Board is taking a more cautious view to the full-year outlook, and it now expects FY 2026 profit before tax to be in the range of £69 million to £74 million. The Group has a strong balance sheet, and the Board remains confident in its long-term growth plans. The laundry expansion programme to install more than 1,300 Wash.ME laundry machines in FY 2026 remains on track. The Group will publish its interim results for the six months ended 30 April 2026 in the latter half of July 2026. ENQUIRIES: ME Group International plc +44 (0) 1372 453 399 Vl...

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