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© 2026 Annolyse.

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MEE · NZX

Me Today (MEE)

Consumer / Wellness products•Covered: HY22 - HY26•9 published briefings

Me Today is an NZX-listed consumer / wellness products company with HY22 - HY26 of published result briefings.

Latest briefing

HY26 · Released 26 February 2026

King Honey disposal flipped NPAT to NZ$3.2m while continuing revenue fell 31.7%

A NZ$4.1m discontinued-operation gain funded a balance-sheet reset, but continuing operations stayed loss-making on a sharply lower revenue base.

Market data

As at close
Close price
NZD 0.05
Market cap
$4.6m
Dividend yield
0%

as at close, 16 June 2026. Source: yfinance.

Sections⌄
  1. Snapshot
  2. Valuation
  3. Chat
  4. Longitudinal View
  5. Follow-through
  6. Archive
  7. Related Insights
  1. Snapshot
  2. Valuation
  3. Chat
  4. Longitudinal View
  5. Follow-through
  6. Archive
  7. Related Insights

Snapshot

Latest metrics

HY26, released 26 February 2026

← Swipe to view more
MEE latest metrics
MetricValueChange
Revenue$2.6m↓ -31.7%
EBITDA-$0.83m↑ +53.8%
NPAT$3.2m↑ +233.3%
Operating cash flow-$1m↑ +4.6%
OCF / EBITDA %120.8%↑ +62.3pp
Net debt$0.02m↓ -99.8%
Net debt / EBITDA-0.03x↑ +99.6%
ROE %104.7%↑ +295.9pp
PBT-$0.9m↑ +62.5%
FCF pre-lease-$1.1m↓ -1.8%

Source: latest published briefing (HY26, released 26 February 2026). Change compares against the prior equivalent period: HY25, released 28 February 2025.

Valuation

Valuation

A compact read on what the market price implies next to the latest filing data. The numbers are a starting point for comparison, not a recommendation.

Prices as at close, 16 June 2026

Price and market cap

The latest close and share count context for the market price.

Market cap

$4.6m

i

End-of-day close multiplied by current shares on issue.

Profitability multiples

How the market price compares with recent earnings and cash-flow inputs.

P/E

Not available

i

Not meaningful when recent earnings are negative.

EPS

-0.00

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Recent filing-derived earnings per share.

PEG

Not available

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Not available for this company right now.

EV/EBITDA

Not available

i

Not meaningful when recent EBITDA is negative.

P/FCF

Not available

i

Not meaningful when free cash flow is negative or unavailable.

P/B

1.52x

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Market value compared with latest reported equity.

Income and fund shape

Yield and fund-style valuation where the company shape supports it.

Dividend yield

0.0%

i

Trailing dividends compared with the latest close.

Total return

Not available

i

Available once dividend and adjustment data are verified.

Chat

Ask about MEE

Ask follow-up questions about Me Today's latest result and company history.

Informational only. No buy, sell, hold, price-target, or personal financial advice.

Ask about MEE

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What changed in the latest result?What is unusual in the historical context?How has cash conversion changed over time?Compare this company with CNU.

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Longitudinal view

Performance over time

The latest period is shown first.

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MEE metric history
MetricHY266 MONTHS26 February 2026FY2512 MONTHS28 August 2025HY256 MONTHS28 February 2025FY2412 MONTHS29 August 2024HY246 MONTHS28 February 2024FY2312 MONTHS29 August 2023HY236 MONTHS1 March 2023FY2112 MONTHS29 August 2022HY226 MONTHS29 November 2021Trend
Revenue$2.6m$7.5m$3.7m$5m$2.3m$7.9m$3.6m$8.3m$2.4m
Chart
Revenue growth %-31.7%48.1%Outside range highOutside range high revenue growth. 48.1%; 3-period range -36.2% to 14.7%. Revenue growth: 48.1%, above normal range; 3-period mean -8.8%, range -36.2%-14.7%.64.2%-36.2%Outside range lowOutside range low revenue growth. -36.2%; 3-period range -4.7% to 48.1%. Revenue growth: -36.2%, below normal range; 3-period mean 19.3%, range -4.7%-48.1%.-36.8%Outside range lowOutside range low revenue growth. -36.8%; 4-period range -31.7% to 469.6%. Revenue growth: -36.8%, below normal range; 4-period mean 137.8%, range -31.7%-469.6%.-4.7%49.0%14.7%469.6%Unprecedented highUnprecedented high revenue growth. 469.6%; 4-period range -36.8% to 64.2%. Revenue growth: 469.6%, unprecedented high; 4-period mean 11.2%, range -36.8%-64.2%.
Chart
  • HY24 Revenue growth %: Outside range low revenue growth. -36.8%; 4-period range -31.7% to 469.6%. Revenue growth: -36.8%, below normal range; 4-period mean 137.8%, range -31.7%-469.6%.
  • FY24 Revenue growth %: Outside range low revenue growth. -36.2%; 3-period range -4.7% to 48.1%. Revenue growth: -36.2%, below normal range; 3-period mean 19.3%, range -4.7%-48.1%.
  • FY25 Revenue growth %: Outside range high revenue growth. 48.1%; 3-period range -36.2% to 14.7%. Revenue growth: 48.1%, above normal range; 3-period mean -8.8%, range -36.2%-14.7%.
EBITDA-$0.83m-$4.8m-$1.8m-$4.5m-$2.2m-$5.2m-$3.1m-$5.7m-$1.8m
Chart
EBITDA margin %-32.4%Unprecedented highUnprecedented high ebitda margin. -32.4%; 4-period range -97.7% to -47.9%. EBITDA margin: -32.4%, unprecedented high; 4-period mean -76.6%, range -97.7%--47.9%.-63.8%Outside range highOutside range high ebitda margin. -63.8%; 3-period range -89.1% to -65.2%. EBITDA margin: -63.8%, above normal range; 3-period mean -74.2%, range -89.1%--65.2%.-47.9%-89.1%Outside range lowOutside range low ebitda margin. -89.1%; 3-period range -68.3% to -63.8%. EBITDA margin: -89.1%, below normal range; 3-period mean -65.8%, range -68.3%--63.8%.-97.7%Outside range lowOutside range low ebitda margin. -97.7%; 4-period range -85.4% to -32.4%. EBITDA margin: -97.7%, below normal range; 4-period mean -60.3%, range -85.4%--32.4%.-65.3%-85.4%-68.3%-75.6%
Chart
  • HY24 EBITDA margin %: Outside range low ebitda margin. -97.7%; 4-period range -85.4% to -32.4%. EBITDA margin: -97.7%, below normal range; 4-period mean -60.3%, range -85.4%--32.4%.
  • FY24 EBITDA margin %: Outside range low ebitda margin. -89.1%; 3-period range -68.3% to -63.8%. EBITDA margin: -89.1%, below normal range; 3-period mean -65.8%, range -68.3%--63.8%.
  • FY25 EBITDA margin %: Outside range high ebitda margin. -63.8%; 3-period range -89.1% to -65.2%. EBITDA margin: -63.8%, above normal range; 3-period mean -74.2%, range -89.1%--65.2%.
  • HY26 EBITDA margin %: Unprecedented high ebitda margin. -32.4%; 4-period range -97.7% to -47.9%. EBITDA margin: -32.4%, unprecedented high; 4-period mean -76.6%, range -97.7%--47.9%.
PBT-$0.9m-$6m-$2.4m-$0.01m-$7.3m-$0.01m-$5.8m-$0.02m-$2.8m
Chart
NPAT$3.2m-$6m-$2.4m-$0.01m-$7.3m-$0.01m-$5.8m-$0.02m-$2.8m
Chart
Operating cash flow-$1m-$0.94m-$1m-$3.1m-$1.9m-$5.6m-$4.6m-$0.01m-$4.6m
Chart
OCF / EBITDA %120.8%19.7%Outside range lowOutside range low ocf / ebitda cash conversion. 19.7%; 3-period range 69.4% to 207.6%. OCF / EBITDA cash conversion: 19.7%, below normal range; 3-period mean 128.3%, range 69.4%-207.6%.58.5%Outside range lowOutside range low ocf / ebitda cash conversion. 58.5%; 4-period range 86.4% to 253.4%. OCF / EBITDA cash conversion: 58.5%, below normal range; 4-period mean 152.9%, range 86.4%-253.4%.69.4%86.4%107.9%150.9%0.2%Outside range highOutside range high ocf / ebitda cash conversion. 207.6%; 3-period range 19.7% to 108%. OCF / EBITDA cash conversion: 207.6%, above normal range; 3-period mean 65.7%, range 19.7%-108.0%.253.3%Unprecedented highUnprecedented high ocf / ebitda cash conversion. 253.4%; 4-period range 58.5% to 150.9%. OCF / EBITDA cash conversion: 253.4%, unprecedented high; 4-period mean 104.1%, range 58.5%-150.9%.
Chart
  • HY25 OCF / EBITDA %: Outside range low ocf / ebitda cash conversion. 58.5%; 4-period range 86.4% to 253.4%. OCF / EBITDA cash conversion: 58.5%, below normal range; 4-period mean 152.9%, range 86.4%-253.4%.
  • FY25 OCF / EBITDA %: Outside range low ocf / ebitda cash conversion. 19.7%; 3-period range 69.4% to 207.6%. OCF / EBITDA cash conversion: 19.7%, below normal range; 3-period mean 128.3%, range 69.4%-207.6%.
FCF pre-lease-$1.1m-$0.94m-$1.1m-$3.1m-$1.9m-$5.6m-$4.7m-$0.01m-$4.8m
Chart
ROE %104.7%256.1%-191.2%-145.1%-157.7%-108.7%-30.5%-81.1%-9.9%
Chart
Net debt$0.02m$14.5m$14m$12.5m$13.7m$11.5m$10m$6.9m$10.9m
Chart
Net debt / EBITDA-0.03x-3.05x-7.82x-2.8x-6.16x-2.24x-3.26x-1.21x-5.95x
Chart
  • HY25 Net debt / EBITDA: Outside range high net debt / ebitda. 7.82x; 3-period range -5.95x to 3.3x. Net debt / EBITDA: 7.82x, above normal range; 3-period mean -0.89x, range -5.95x-3.30x.
Debtor days1146791103Outside range highOutside range high debtor days. 103d; 3-period range 40d to 77d. Debtor days: 102.7 days, above normal range; 3-period mean 61.2 days, range 40.3 days-76.9 days.170Unprecedented highUnprecedented high debtor days. 170d; 4-period range 86d to 145d. Debtor days: 170.4 days, unprecedented high; 4-period mean 108.9 days, range 86.2 days-144.6 days.7786Outside range lowOutside range low debtor days. 86d; 4-period range 91d to 170d. Debtor days: 86.2 days, below normal range; 4-period mean 130.0 days, range 91.2 days-170.4 days.40Outside range lowOutside range low debtor days. 40d; 3-period range 67d to 103d. Debtor days: 40.3 days, below normal range; 3-period mean 82.1 days, range 66.6 days-102.7 days.145
Chart
  • HY24 Debtor days: Unprecedented high debtor days. 170d; 4-period range 86d to 145d. Debtor days: 170.4 days, unprecedented high; 4-period mean 108.9 days, range 86.2 days-144.6 days.
  • FY24 Debtor days: Outside range high debtor days. 103d; 3-period range 40d to 77d. Debtor days: 102.7 days, above normal range; 3-period mean 61.2 days, range 40.3 days-76.9 days.
Inventory days174Unprecedented lowUnprecedented low inventory days. 174d; 4-period range 655d to 1,658d. Inventory days: 173.7 days, unprecedented low; 4-period mean 1060.6 days, range 655.3 days-1658.2 days.548655105311386847917411658
Chart
  • HY26 Inventory days: Unprecedented low inventory days. 174d; 4-period range 655d to 1,658d. Inventory days: 173.7 days, unprecedented low; 4-period mean 1060.6 days, range 655.3 days-1658.2 days.
Total assets$6.6m$15.2m$19m$21.5m$20.7m$27m$33.9m$39.5m$46.2m
Chart

Reference: annolyse.ai/companies/mee

Note: Figures are shown as reported. Half-year and full-year absolute values are not directly comparable. Growth rates and ratios are the meaningful comparison across mixed periods.

Filing-only history charts

These charts use verified published filing periods only. Gaps are not interpolated, and mixed half-year/full-year histories are split into separate series.

Revenue

Reported revenue across covered periods.

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Revenue growth

Like-period revenue growth where comparable.

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  • HY22 MEE HY: Unprecedented high revenue growth. 469.6%; 4-period range -36.8% to 64.2%. Revenue growth: 469.6%, unprecedented high; 4-period mean 11.2%, range -36.8%-64.2%.
  • HY24 MEE HY: Outside range low revenue growth. -36.8%; 4-period range -31.7% to 469.6%. Revenue growth: -36.8%, below normal range; 4-period mean 137.8%, range -31.7%-469.6%.
  • FY24 MEE FY: Outside range low revenue growth. -36.2%; 3-period range -4.7% to 48.1%. Revenue growth: -36.2%, below normal range; 3-period mean 19.3%, range -4.7%-48.1%.
  • FY25 MEE FY: Outside range high revenue growth. 48.1%; 3-period range -36.2% to 14.7%. Revenue growth: 48.1%, above normal range; 3-period mean -8.8%, range -36.2%-14.7%.

EBITDA-equivalent

Company-specific earnings measure where disclosed.

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EBITDA margin

EBITDA-equivalent margin where revenue and earnings are source-backed.

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  • HY24 MEE HY: Outside range low ebitda margin. -97.7%; 4-period range -85.4% to -32.4%. EBITDA margin: -97.7%, below normal range; 4-period mean -60.3%, range -85.4%--32.4%.
  • HY26 MEE HY: Unprecedented high ebitda margin. -32.4%; 4-period range -97.7% to -47.9%. EBITDA margin: -32.4%, unprecedented high; 4-period mean -76.6%, range -97.7%--47.9%.
  • FY24 MEE FY: Outside range low ebitda margin. -89.1%; 3-period range -68.3% to -63.8%. EBITDA margin: -89.1%, below normal range; 3-period mean -65.8%, range -68.3%--63.8%.
  • FY25 MEE FY: Outside range high ebitda margin. -63.8%; 3-period range -89.1% to -65.2%. EBITDA margin: -63.8%, above normal range; 3-period mean -74.2%, range -89.1%--65.2%.

NPAT

Statutory profit after tax.

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Operating cash flow

Cash generated from operations.

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Full chartable metric set

Additional verified filing metrics for this company. Each point links back to a published briefing period in the source data contract.

OCF / EBITDA

Cash conversion against earnings.

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  • HY22 MEE HY: Unprecedented high ocf / ebitda cash conversion. 253.4%; 4-period range 58.5% to 150.9%. OCF / EBITDA cash conversion: 253.4%, unprecedented high; 4-period mean 104.1%, range 58.5%-150.9%.
  • HY25 MEE HY: Outside range low ocf / ebitda cash conversion. 58.5%; 4-period range 86.4% to 253.4%. OCF / EBITDA cash conversion: 58.5%, below normal range; 4-period mean 152.9%, range 86.4%-253.4%.
  • FY21 MEE FY: Outside range high ocf / ebitda cash conversion. 207.6%; 3-period range 19.7% to 108%. OCF / EBITDA cash conversion: 207.6%, above normal range; 3-period mean 65.7%, range 19.7%-108.0%.
  • FY25 MEE FY: Outside range low ocf / ebitda cash conversion. 19.7%; 3-period range 69.4% to 207.6%. OCF / EBITDA cash conversion: 19.7%, below normal range; 3-period mean 128.3%, range 69.4%-207.6%.

FCF pre-lease

Operating cash flow less capex before leases.

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ROE

Return on equity.

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Net debt

Borrowings less cash; negative values indicate net cash.

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Debtor days

Receivables days where the working-capital inputs are source-backed.

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  • HY23 MEE HY: Outside range low debtor days. 86d; 4-period range 91d to 170d. Debtor days: 86.2 days, below normal range; 4-period mean 130.0 days, range 91.2 days-170.4 days.
  • HY24 MEE HY: Unprecedented high debtor days. 170d; 4-period range 86d to 145d. Debtor days: 170.4 days, unprecedented high; 4-period mean 108.9 days, range 86.2 days-144.6 days.
  • FY21 MEE FY: Outside range low debtor days. 40d; 3-period range 67d to 103d. Debtor days: 40.3 days, below normal range; 3-period mean 82.1 days, range 66.6 days-102.7 days.
  • FY24 MEE FY: Outside range high debtor days. 103d; 3-period range 40d to 77d. Debtor days: 102.7 days, above normal range; 3-period mean 61.2 days, range 40.3 days-76.9 days.

Inventory days

Inventory days where the working-capital inputs are source-backed.

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  • HY26 MEE HY: Unprecedented low inventory days. 174d; 4-period range 655d to 1,658d. Inventory days: 173.7 days, unprecedented low; 4-period mean 1060.6 days, range 655.3 days-1658.2 days.

Operating working-capital movement

Per-period working-capital absorption or release, from the same published history. Positive values are working-capital build; negative values are release.

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  • HY22 MEE: Unprecedented high operating working-capital movement. $14.7m; 4-period range $-11.3m to $1.4m. Operating working-capital movement: NZ$14.7m, unprecedented high; 1/4 prior periods had builds averaging NZ$1.4m, and 3 had releases averaging NZ$-4.5m.
  • FY24 MEE: Outside range high operating working-capital movement. $-0.5m; 3-period range $-3.3m to $-1.3m. Operating working-capital movement: NZ$-0.5m, above normal range; 0/3 prior periods had builds, and 3 had releases averaging NZ$-2.2m.
  • FY25 MEE: Outside range low operating working-capital movement. $-3.3m; 3-period range $-1.9m to $-0.5m. Operating working-capital movement: NZ$-3.3m, below normal range; 0/3 prior periods had builds, and 3 had releases averaging NZ$-1.2m.
  • HY26 MEE: Unprecedented low operating working-capital movement. $-11.3m; 4-period range $-1.1m to $14.7m. Operating working-capital movement: NZ$-11.3m, unprecedented low; 2/4 prior periods had builds averaging NZ$8.0m, and 2 had releases averaging NZ$-1.0m.

The setup & the reality

FY25 → HY26 Follow-through

The latest result is checked against what the prior briefing said to watch.

Current result now available

HY26 · Released 26 February 2026

King Honey disposal flipped NPAT to NZ$3.2m while continuing revenue fell 31.7%

A NZ$4.1m discontinued-operation gain funded a balance-sheet reset, but continuing operations stayed loss-making on a sharply lower revenue base.

Read latest briefing→

Historical setup

What FY25 said to watch

From Capital raise puts Me Today's debt headroom in focus

No quantitative targets were supplied. HY25 revenue of $3.7m represented 50.1% of the full year, implying an essentially flat second half on revenue but a heavier H2 EBITDA loss of about -$3.0m versus -$1.8m in H1. Operating cash flow swung from -$1.0m in H1 to roughly $0.1m positive in H2, again pointing to working-capital timing rather than improving underlying economics. Release commentary flags that a King Honey disposal will be reported in FY26, which will reshape the segment mix but is not reflected in current numbers.

Open questions

Open questions from FY25

  • What level of EBITDA is achievable once the inventory release stops contributing and the King Honey segment is divested?
  • How will negative equity be restored, and over what timeframe?
  • Why did EBITDA deteriorate in the second half despite continued revenue scaling?
  • What inventory level is sustainable for the continuing Me Today brand and agency businesses?
  • What are the disclosed financial impacts of the planned King Honey disposal on FY26?

This briefing cannot assess going-concern conclusions, the commercial terms of the King Honey disposal, or the response of the major Chinese honey customer beyond what release commentary discloses.

Archive

Briefing archive

Every published Annolyse briefing for this company appears here in reverse chronological order.

HY26 · Released 26 February 2026

King Honey disposal flipped NPAT to NZ$3.2m while continuing revenue fell 31.7%

A NZ$4.1m discontinued-operation gain funded a balance-sheet reset, but continuing operations stayed loss-making on a sharply lower revenue base.

Read briefing→

FY25 · Released 28 August 2025

Capital raise puts Me Today's debt headroom in focus

The NZ$2.6m capital raised is relevant to debt headroom, while borrowings and gearing remain the direct evidence.

Read briefing→

HY25 · Released 28 February 2025

Losses narrowed 66.5% but equity fell to NZ$1.3m as debt rose

Revenue grew 64.2% and losses improved 66.5%, yet equity dropped 72.5% and cash conversion of 58.5% sits below the 152.9% historical mean.

Read briefing→

FY24 · Released 29 August 2024

Revenue fell 36.2% on Honey collapse; EBITDA margin sank to -89.1%

China manuka demand weakness pushed revenue below the historical baseline, leaving equity of NZ$3.6m against NZ$15.4m of gross borrowings.

Read briefing→

HY24 · Released 28 February 2024

Cash drained to zero, equity off 75.7% as MEE plans NZ$2.78m raise

EBITDA loss narrowed 27.7% but a customer write-down deepened the NPAT loss to NZ$7.3m and forced a debt restructure plan.

Read briefing→

FY23 · Released 29 August 2023

Cash fell 83% to $0.9m despite PBT loss narrowing 41%

Losses narrowed materially, but a $5.6m operating cash burn left only $0.9m of cash against $12.4m of borrowings.

Read briefing→

HY23 · Released 1 March 2023

Revenue rose 49% but PBT loss doubled to NZ$5.8m

Honey-led top-line growth produced negative operating leverage as the EBITDA loss widened and equity fell 32.4% to NZ$19.0m.

Read briefing→

FY21 · Released 29 August 2022

Honey segment loss blew out to NZ$15.3m on 630-tonne stock overhang

Revenue rose 14.7% but a NZ$14.1m honey segment deterioration drove the PBT loss to NZ$22.1m even as a capital raise rebuilt cash.

Read briefing→

HY22 · Released 29 November 2021

Honey pivot absorbed $14.7m of working capital and added $13.2m debt

Revenue grew 469.6% on a new honey segment, but inventory days hit 1,658 and operating cash outflow widened to $4.6m.

Read briefing→

Related insights

Compare this company

The latest MEE metrics also appear in these cross-company views.

Insight

Earnings quality and statutory distortions

PBT and NPAT growth diverged by 169.5pp.

Open insight→

Insight

Leverage and balance-sheet risk

Net debt / EBITDA is -0.03x, +7.79x versus the prior comparable period.

Open insight→

Insight

Revenue growth context

Revenue growth was -31.7% for this reporting period.

Open insight→

Insight

Cash conversion quality

This result converted 120.8% of EBITDA to operating cash flow, +62.3pp versus the prior comparable period.

Open insight→

Get notified when MEE publishes

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