FY26 Full Year Trading Update
MADE TECH GROUP PLC
("Made Tech" or the "Group")
FY26 FULL YEAR TRADING UPDATE
69% growth in Adjusted EBITDA1 to £5.9m
FY26 expected to be ahead of recently upgraded market expectations
London, 30 June 2026 - Made Tech Group Plc, (AIM:MTEC) a leading provider of digital, data and technology services to the UK public sector, is pleased to announce a trading update for the year ended 31 May 2026 ("FY26").
FY26 highlights (unaudited)
· Revenue of £58.9m ahead of market expectations2 and up 27% on the prior year
· Adjusted EBITDA1 growth for FY26 of 69% to £5.9m
· Adjusted EBITDA1 margin increased by 250 bps year-on-year to c.10.0% - this margin improvement has been delivered ahead of previously indicated guidance
· Net cash as at 31 May 2026 was £14.5 million (FY25: £10.4 million)
· Made Tech remains debt-free with flexibility to pursue growth opportunities
Continued commercial momentum
· Sales Bookings3 momentum including the recently awarded £19m contract with the Government Digital Service and a healthy Contracted Backlog4 provides good revenue coverage for FY27 and beyond
· Made Tech remains well positioned to benefit from the UK Governments' Spending Review announced in June 2025 and available from April 2026
· AI is creating new product & growth opportunities
· Made Tech will release its FY26 results in September and will provide an update on current trading at that time
Rory MacDonald, Chief Executive Officer, commented: "FY26 has been a transformational year for Made Tech. We have delivered strong revenue growth, materially improved profitability and cash generation, and have entered FY27 with significant positive momentum in our business. The UK public sector is entering a multi-decade AI transformation, creating a substantial long-term opportunity for trusted delivery partners like Made Tech. Recent contract awards reinforce our position at the centre of a number of critical programmes across government. With a strong balance sheet, high earnings visibility and an increasingly differentiated proposition, we believe Made Tech is well positioned to capitalise on these opportunities and we look forward to FY27 with confidence."
Notes:
All financials are based on unaudited figures.
1
Adjusted EBITDA has been adjusted for the exclusion of depreciation, amortisation, impairments, exceptional items and share-based payment charge.
2
Based on the latest published equity research, the Company understands current market consensus for the year ended 31 May 2026 (FY26) to be revenue of £57.5m, Adjusted EBITDA of £5.6m and cash of £13.5m, and for the year ended 31 May 2027 (FY27) to be revenue of £60.3m, Adjusted EBITDA of £6.0m and cash of £17.3m.
3
Sales Bookings represent the total value of sales contracts awarded in the Period, to be delivered in FY26-FY30. Net Sales Bookings includes the value of sales contracts previously recognised that lapsed during the Period.
4
Contracted Backlog is the value of contracted revenue that has not yet been recognised.
Enquiries:
Made Tech Group plc
Rory MacDonald, CEO
Richard Swinyard, CFO
investor-relations@madetech.com
Tel: +44 (0) 20 3397 7846
Canaccord Genuity Limited (Nominated Adviser & Broker)
Simon Bridges / Harry Gooden / Andrew Potts / Elizabeth Halley-Stott
Tel: +44 (0) 20 7523 8000
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.
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