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Me Group delays FY results after auditor requests additional time
(Sharecast News) - Vending machine operator Me Group said on Wednesday that it would delay the publication of its audited full‑year results after its auditor requested additional time to complete its work. Me Group, previously known as Photo-Me International, stressed that no material issues had been identified and reiterated that trading remained in line with expectations, with total revenue expected to come in between £311m and £318m in the year ended 31 October 2025 and pre-tax profits forecast at £76m to £79m.
However, the FTSE 250-listed group also said it anticipates a temporary suspension of its shares from 2 March until such a time as the results can be released, which was expected to take place bfore 13 March.
For the current trading year, Me Group said its year-to-date performance has been in line with expectations, and, based on proxy results received to date, it expects to secure the necessary authorities to implement a share buyback and plans to launch a programme of between £15m and £20m shortly after publishing its FY25 results.
As of 0850 GMT, Me Group shares had sunk 17.19% to 121.40p.
Reporting by Iain Gilbert at Sharecast.com
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