REG - Big Technologies PLC - Full Year Trading Update

Big TechnologiesAnnouncement

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RNS Number : 4385Q  Big Technologies PLC  27 January 2026

 

Big Technologies plc

("Big Technologies" or "the Company" and, together with its subsidiaries, the
'Group')

 

Full Year Trading Update

 

Rickmansworth - 27 January 2026 - Big Technologies plc (AIM: BIG), a leading
provider of electronic monitoring solutions provides the following unaudited
trading update for the year ended 31 December 2025 ("FY 25").

Financial Highlights

·      The Group has continued to perform strongly and is expected to be
marginally ahead of FY 25 market consensus(1) for both revenue and adjusted
EBITDA(2).

 

·      Annual Recurring Revenue(3) ("ARR") achieved constant currency
growth of 12% to £52.4m (31 December 2024: £46.8m, on a constant currency
basis(4)) reflecting strong new business momentum, especially in the Americas
which grew 25%.

 

·      Unaudited Group revenues of approximately £49.7m (2024:
£50.3m). On a constant currency basis(4) 2024 revenues were £48.1m,
representing growth of 3% year on year.

 

·      After adjusting for the loss of the Colombia contract in H1 2024,
underlying constant currency revenue growth was 9%.

 

·      Unaudited adjusted EBITDA(2) of approximately £24.6m (2024:
£27.0m) reflecting a change in margin mix, and investments made in
strengthening the Group's management which, following cost saving action, are
expected to be cost neutral in future periods.

 

·      Continued to be cash generative with a strong balance sheet at
the year end with cash of £93.4m. Including the initial payment of £31.5m
paid in relation to the recent settlement of the Buddi Litigation, cash at 31
December 2025 would have been £61.9m.

 

 

Operational Highlights

 

·      Further New Business Success having won a contract to provide
technology to a partner for a southern European country and a contract in
Aruba, complementing the recently announced wins in Lithuania, Latvia, Pierce
County and Prince Edward Island. This new business positions the Group
strongly to realise growth, as these contracts commence operation in 2026.

 

·      New Organisational Structure established in H2 2025 with the
appointment of a new leadership team, including regional VPs for the Americas,
APAC and EMEA, together with additional new roles in product quality,
regulatory & marketing.

 

·      US Monitoring Centre established in Tampa, Florida to support the
growing customer base in USA.

 

·      New Product launched for measuring alcohol in breath, the
'AlcoBreath', with product certification achieved in the USA and Europe,
complimenting the AlcoTag product that measures alcohol around the ankle.

 

·      Partnership and Technical Integration with Actall Corporation to
integrate Buddi's RF tag technology into the Actall HubSens(TM) RTLS platform,
following the successful technical evaluation in Q4 2025. The partnership aims
to offer custody and justice operators a unified view of individual movement
across both secure in-facility environments and community based supervision.

 

 

Ian Johnson, Big Technologies CEO, said: "I am pleased to report good progress
in 2025 despite the contract losses midway through 2024 impacting the year. As
a result of our focus on strengthening the management of the Group, new
contract momentum has improved. I am very proud of the strong performance of
the regional teams who grew ARR by 12% and underlying revenues by 9% on a
constant currency basis(4).

Building on the solid final quarter of 2025 where we were awarded several new
contracts, the Group remains well positioned for further growth in 2026,
underpinned by best in class technology, a loyal client base and a robust
balance sheet. I look forward to continuing to grow the business in 2026"

 

 

-Ends-

 

This trading update is based upon unaudited management accounts and has been
prepared solely to provide additional information on trading to the
shareholders of Big Technology Group plc.  All figures are provisional and
subject to further review.

(1) The Group has compiled forecasts from five analysts with current market
forecasts for 2025 revenue to be in the range of £48.5m to £49.5m, with
consensus of £49.1m, and for adjusted EBITDA to be in the range of £23.7m to
£24.5m, with a consensus of £24.1m.

(2) Adjusted EBITDA excludes share-based payments and other adjusting items,
including but not limited to provisions for legal expenses in relation to
ongoing litigation, associated costs relating to the legal proceedings and an
exceptional foreign exchange loss of £4.0m relating to funds held in US
Dollars in anticipation of a potential acquisition.

(3) ARR is the value of continuing revenue from recurring accounts at a
specific point in time, normalised to a one year period.

(4) Constant currency is calculated by recalculating 2024 revenues using
prevailing average foreign exchange rates from 2025 and by recalculating prior
period ARR at the prevailing balance sheet date.

 

For further information please contact:

 Big Technologies plc                                            +44 (0) 19 2360 1910
 Ian Johnson (Chief Executive Officer)

 Mike Johns (Chief Financial Officer)

 Zeus (Nominated Adviser and Joint Broker)                        +44 (0) 203 829 5000
 Dan Bate / Kieran Russell (Investment Banking)
 Benjamin Robertson (Equity Capital Markets)

 Singer Capital Markets (Joint Broker)                           +44 (0) 207 496 3000
 James Moat / Shaun Dobson / James Todd (Investment Banking)

 

About Big Technologies

Our mission is to deliver innovative, high-quality electronic monitoring
solutions that combine advanced hardware and software to support monitoring of
individuals in our core criminal justice business. Big Technologies is a
market leader in the electronic monitoring industry, operating under the
trusted 'Buddi' brand. Through its integrated technology platform, Buddi
offers state-of-the-art Electronic Monitoring solutions on a
subscription-based, SaaS-like model. This platform is highly flexible and
scalable, enabling tailored deployments across diverse use cases and
geographies.

For more information, please visit www.buddi.com (http://www.buddi.com)

Forward-looking statements

This announcement contains certain projections and other forward-looking
statements with respect to the financial condition, results of operations,
businesses and prospects of Big Technologies PLC. The use of terms such as
"may", "will", "should", "expect", "anticipate", "project", "estimate",
"intend", "continue", "target" or "believe" and similar expressions (or the
negatives thereof) are generally intended to identify forward-looking
statements. These statements are based on current expectations and involve
risk and uncertainty because they relate to events and depend upon
circumstances that may or may not occur in the future. There are a number of
factors that could cause actual results or developments to differ materially
from those expressed or implied by these forward-looking statements. Any of
the assumptions underlying these forward-looking statements could prove
inaccurate or incorrect and therefore any results contemplated in the
forward-looking statements may not actually be achieved. Nothing contained in
this announcement should be construed as a profit forecast or profit estimate.
Investors or other recipients are cautioned not to place undue reliance on any
forward-looking statements contained herein. Big Technologies PLC undertakes
no obligation to update or revise (publicly or otherwise) any forward-looking
statement, whether as a result of new information, future events or other
circumstances.

 

 

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