ME Group Share Price (MEGP)

Appreciate it is xdd but this sell off (again) seems well overdone.

The company is still in a growth stage, whilst photo may be shrinking (CEO disputes this tho), Wash is going great guns and there are other products in the pipeline.

First mover advantage and a product not going to be adversely impacted by AI, churning decent cash.

Also thought the chairman seemed bullish in a confident way

.wealthoracle.co.uk/companies/MEGP

ME Group International plc reported another year of record profitability for the 12 months ended 31 October 2025, with results again underpinned by the structural growth of its laundry business. Group revenue increased by 2.4% to £315.4 million, or 3.0% at constant currency, while EBITDA rose 5.4% to £120.4 million, with margin improving 110bps to 38.2%. Profit before tax increased 6.5% to a record £78.2 million, or 7.1% at constant currency, demonstrating the resilience of the business model despite some headwinds in the legacy photobooth division. Cash generation remained strong, with cash generated from operations up 8.9% to £115.5 million, giving the Group flexibility to continue investing for growth while also returning meaningful capital to shareholders. The key driver of the investment case remains Wash.ME, which continues to scale rapidly and improve the quality of the overall earnings mix. Laundry revenue grew 17.3% to £112.4 million, with laundry EBITDA up 18.1% to £55.5 million, meaning the division now contributes 46.1% of total Group EBITDA. During the year, the company installed a record 1,326 laundry machines, taking the installed base to 7,607 units, up 17.7% year-on-year. This matters strategically ...

.wealthoracle.co.uk/companies/MEGP

Tesco would be the perfect partner but Asda will do

Assuming turnover from each machine remains stable, the Asda deal should add around 10m to turnover - which equates to around 3% of turnover. So a decent deal and it opens to the relationship too (think dog-wash etc)

However, they also state the target worldwide for machines is 20k - they currently have 7,600 worldwide, if they were to do this (current roll out is 1,300 per year - but maybe increased?) that would lead, based upon current figures to an increase in turnover of 183m - over a 50% increase in turnover! Also greater than the current turnover of Photo.me £168m.

These are my calcs based upon today's RNS and the figures in the Annual report - any mistakes are by accident and more than happy to be corrected! :)

Looks to be an excellent deal on the face of it. WashME machines have just pitched up outside our local Co-Op but I haven't seen anyone using them yet. For me it makes much more sense offering them at the likes of ASDA & Morrisons where people are doing a big shop so will put their washing in on arrival & pick them up dried once they've finished shopping.