Me Today (MEE) H1 2025 earnings summary

Executive summary

• Reported a net loss of NZ$2.4 million for the six months ended 31 December 2024, a significant improvement from a NZ$7.3 million loss in the prior year period.

• Revenue increased to NZ$3.74 million, up from NZ$2.28 million year-over-year, with growth in both health and wellbeing products and honey segments.

• The company continues to face challenging trading conditions, particularly in the King Honey business, and is actively seeking a sale of this subsidiary.

• Board is considering a capital raise to support ongoing operations, with founding shareholders indicating support.

Financial highlights

• Revenue rose 64% year-over-year to NZ$3.74 million, driven by growth in New Zealand and international markets.

• Net loss narrowed to NZ$2.4 million from NZ$7.3 million year-over-year.

• Operating cash outflow was NZ$1.0 million, improved from NZ$1.9 million outflow in the prior year.

• Basic and diluted loss per share was NZ$0.045, compared to NZ$0.470 in the prior year.

• Cash and cash equivalents at period end were NZ$1.63 million, down from NZ$2.84 million at 30 June 2024.

Outlook and guidance

• Board remains confident in the Group's ability to meet financial obligations, supported by ongoing bank support and a potential capital raise.

• Directors acknowledge inherent uncertainty in future forecasts but believe current cash and indicated capital raise support provide sufficient headroom.

• Sale of King Honey remains a strategic priority, though no formal offer has been received.