M&Z plc - Interim Results

On 26 August 2025, M&Z plc published its interim financial statements covering the six-month period ended 30 June 2025.

Revenue increased by 3.1% to €15.1 million (H1 2024: €14.7 million) as the company continued to focus on brand strength, operational efficiency, and responsiveness to evolving consumer demand.

In contrast, operating costs fell by 3.1% to €12.6 million (H1 2024: €13.0 million) as the company managed to incur lower cost of sales despite the increase in revenue. Consequently, operating profit surged by 51% to €2.52 million compared to €1.67 million in the corresponding period last year. In this respect, the operating profit margin improved to 16.7% compared to 11.4% in the first half of 2024.

After accounting for finance costs of €0.13 million and a tax charge of €0.87 million, M&Z registered a net profit for the period of €1.52 million which is 60% higher than the €0.95 million figure recorded in the same period last year.

The Condensed Statement of Financial Position as at 30 June 2025, compared to figures as at 31 December 2024, shows that total assets remained virtually unchanged at just under €17 million. Total liabilities decreased by 7% (or €0.56 million) to €7.7 million. Meanwhile, total equity rose by 7.7% (or €0.67 million) to €9.2 million.

Dividend

The Directors approved an unchanged net interim dividend of €0.009 per share which translates into a payout ratio of 26% (H1 2024: 42%). The dividend will be paid on Tuesday 30 September 2025 to all shareholders as at the close of trading on Wednesday 27 August 2025.

Outlook

The directors of M&Z noted that the encouraging signals across key channels and sustained demand for core categories support a positive momentum heading into the second half of the year. The Board maintains a cautiously optimistic view while ensuring that management remains firmly focused on driving value creation, maintaining financial discipline, and capturing growth opportunities as they arise.