ME Group International (MEGP) Q2 2026 TU earnings summary

Executive summary

• Revenue for H1 2026 grew by 2% year-over-year, with operational performance in line with expectations until April.

• April saw a notable softening in revenue, especially in the French photobooth and laundry segments, attributed to lower consumer confidence amid Middle East conflict.

• The Board has revised its full-year profit before tax guidance to £69–74 million due to ongoing macroeconomic uncertainty.

Financial highlights

• Group revenue increased by 2% in H1 2026 compared to the same period last year.

• Photo.ME revenue declined 6% in H1 2026 and dropped 17% in April year-over-year.

• Wash.ME revenue rose 17% in H1 2026 but only 3% in April year-over-year.

• Equipment sales revenue fell 14% in H1 2026 compared to the prior year.

Outlook and guidance

• Trading improved in May, but normalization is not expected while geopolitical and macroeconomic uncertainties persist.

• FY 2026 profit before tax is now expected to be in the range of £69–74 million.

• The laundry expansion program to install over 1,300 Wash.ME machines in FY 2026 remains on track.