Me Today (MEE) H1 2026 earnings summary

Executive summary

• Revenue for the six months ended 31 December 2025 increased to NZ$2.55 million, up from NZ$2.15 million year-over-year.

• Net profit reached NZ$3.22 million, reversing a prior net loss, mainly due to a one-off gain from discontinued King Honey operations.

• Loss from continuing operations was NZ$0.90 million, a 39% reduction year-over-year.

• Strong international growth opportunities and new product launches are driving expansion, especially in New Zealand and China.

Financial highlights

• Gross revenue from continuing operations grew 21% to NZ$3.25 million for the half year compared to HY24.

• Net loss for the brand and agency business improved by 67% to NZ$277k from NZ$844k in HY24.

• Working capital improved to NZ$5.0 million from negative NZ$3.2 million at 30 June 2025.

• Net assets at period end were NZ$3.06 million, up from net liabilities of NZ$2.34 million at 30 June 2025.

• Cash and cash equivalents increased to NZ$2.23 million from NZ$1.26 million at 30 June 2025.

Outlook and guidance

• Directors consider the going concern basis appropriate, citing sufficient cash resources and support from BNZ.

• Forecasts gross revenue to exceed NZ$6.5 million for the full year ending 30 June 2026.

• Operating EBITDA loss for FY26 expected to be less than NZ$1.7 million.

• Future forecasts remain inherently uncertain due to ongoing commercial relationship development.

• Focus remains on growing revenue, reducing costs, and investing in brand and distribution.