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MEE · NZX

Me Today (MEE)

Consumer / Wellness productsCovered: HY22 - HY269 published briefings

Me Today is an NZX-listed consumer / wellness products company. Its latest covered result is HY26, with HY22 - HY26 of source-backed result history on Annolyse.

Sections

Latest result

Latest metrics

HY26, released 26 February 2026

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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 / EBITDAn/m—
ROE %n/m—
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

Trailing P/E, EV/EBITDA, price-to-book and price-to-free-cash-flow ratios combine the latest available close with filing data. They are comparative measures, not forecasts or recommendations.

Prices as at close, 18 September 2026

Price and market cap

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

Market cap

$10.4m

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

i

Recent filing-derived earnings per share.

PEG

Not available

i

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

3.4x

i

Market value compared with latest reported equity.

Income and investment-company measures

Yield and investment-company valuation where supported.

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.

Ask about MEE

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

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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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Financial history

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
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Revenue growth %-31.7%48.1%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%.64.2%-36.2%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%.-36.8%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%.-4.7%49.0%14.7%469.6%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%.
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  • 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
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EBITDA margin %-32.4%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%.-63.8%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%.-47.9%-89.1%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%.-97.7%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%.-65.3%-85.4%-68.3%-75.6%
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  • 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-$11.3m-$7.3m-$13m-$5.8m-$0.02m-$2.8m
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NPAT$3.2m-$6m-$2.4m-$11.3m-$7.3m-$13m-$5.8m-$19.5m-$2.8m
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Operating cash flow-$1m-$0.94m-$1m-$3.1m-$1.9m-$5.6m-$4.6m-$11.7m-$4.6m
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OCF / EBITDA %120.8%19.7%58.5%69.4%86.4%107.9%150.9%207.5%253.3%
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FCF pre-lease-$1.1m-$0.94m-$1.1m-$3.1m-$1.9m-$5.6m-$4.7m-$12.1m-$4.8m
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ROE %n/mn/mn/mn/mn/mn/m-30.5%-81.1%-9.9%
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Net debt$0.02m$14.5m$14m$12.5m$13.7m$11.5m$10m$6.9m$10.9m
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Net debt / EBITDAn/mn/mn/mn/mn/mn/mn/mn/mn/m
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Debtor days1146791103Outside 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 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 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 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
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  • 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 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 daysn/m days.548655n/mn/m684791741n/m
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  • 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 daysn/m days.
Total assets$6.6m$15.2m$19m$21.5m$20.7m$27m$33.9m$39.5m$46.2m
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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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More financial metrics

Additional filing-backed metrics for this company. Each point links to the relevant published briefing.

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 daysn/m 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: Outside range high operating working-capital movement. $14.7m; 3-period range $-1.1m to $1.4m. Operating working-capital movement: NZ$14.7m, above normal range; 1/3 prior periods had builds averaging NZ$1.4m, and 2 had releases averaging NZ$-1.0m.
  • HY25 MEE: Outside range low operating working-capital movement. $-1.1m; 3-period range $-1m to $14.7m. Operating working-capital movement: NZ$-1.1m, below normal range; 2/3 prior periods had builds averaging NZ$8.0m, and 1 had releases averaging NZ$-1.0m.

The setup & the reality

FY25 → HY26 Follow-through

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

Historical setup

What FY25 said to watch

Previous analysisFY25Result releasedAnnolyse analysis published

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.

Latest result sources

Primary issuer documents used for the HY26 briefing. Document labels are preserved from the publication record; Annolyse does not relabel every financial report as an annual report.

Current period

Me Today Interim Financial Statements for the 6 months ended 31 December 2025

HY26 / financial report

Me Today Results Announcement

HY26 / results announcement

Me Today Results Announcement

HY26 / results release

Prior comparable period

Me Today Interim Financial Statements for the six months ended 31 December 2024

HY25 / financial report

Me Today Results Announcement280225

HY25 / results announcement

Me Today Results Announcement280225

HY25 / results release

Full-year context

Financial Statements

FY25 / financial report

Financial Statements - Market Announcement

FY25 / results release

Release context

Annual Meeting Results

HY26 / commentary

Peer context

Other covered Consumer companies

These companies share a broad sector but may not be direct peers. Compare them only where the underlying measures are genuinely comparable.

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MCK · HY26

Millennium & Copthorne Hotels New Zealand

10 published result briefings

Compare MEE, CMO, BGP, HLG →Consumer result archive

Archive

Briefing archive

The full chronological archive contains every published result 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.

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
Open all 9 result briefings

Related insights

Compare this company

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

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

Get the next Me Today result briefing and five-year history updates by email.