REG - Made Tech Group PLC - Contract Wins

Made TechAnnouncement

07/04/2025 07:00

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RNS Number : 8055D  Made Tech Group PLC  07 April 2025

7 April 2025

 

MADE TECH GROUP PLC

("Made Tech" or "the Group")

 

Contract Wins

 

Made Tech, a leading provider of digital, data, and technology services to the
UK public sector, is pleased to announce continued robust sales booking
momentum through the second half of FY25.

 

Sales bookings in the year to date now total £68.2m. This represents an
increase of £26.2m on the first half of the year (H1 FY25: £42.0m) and is
89% up on the prior full-year performance (FY24: £36.0m).

 

Contract wins in the second half of the year to date include two call-off
contracts with the Department for Business and Trade ("DBT"). One, worth
£6.0m over a two-year period, with an option for DBT to extend for a third
year valued at £2.0m, is for Made Tech to work alongside  DBT's Digital,
Data, and Technology teams to provide expertise and support them to build long
term capabilities. The second contract, worth £6.0m over a four-year period,
is for Made Tech to continue developing and improving DBT's data platform and
analytical tools.

 

A third contract with the Ministry of Justice ("MoJ") worth c.£6.0m over two
years, continues Made Tech's digital partnership on the MoJ's Electronic
Monitoring programme.

 

The Board is pleased to confirm that trading during the second half of FY25
remains strong.  The Group is on track to achieve double-digit percentage
annual revenue and Adjusted EBITDA growth for FY25, in line with market
expectations, and will be free cash flow positive for the year.  The
continued sales momentum and bid activity seen in the second half of FY25
underpin our confidence for FY26.

 

Rory MacDonald, CEO of Made Tech, said:

 

"We are pleased that the Department for Business and Trade and the Ministry of
Justice have chosen to partner with us once again. These wins expand our
relationships across multiple service lines, demonstrating the Government's
confidence in our ability to deliver critical digital solutions and
reinforcing our reputation in the market."

 

Enquiries:

 

 Made Tech Group plc                                      via Rawlings Financial

 Rory MacDonald, CEO

 Neil Elton, CFO
 Singer Capital Markets (Nominated Adviser & Broker)      Tel: +44 (0) 20 7496 3000

 Jennifer Boorer / Asha Chotai
 Rawlings Financial PR Limited                            Email: madetech@rfpr.co.uk

 Cat Valentine                                            Tel: +44 (0) 7715 769078

 

About Made Tech

 

Made Tech is a provider of digital, data and technology services, which enable
central government, healthcare, local government organisations and other
regulated industries to digitally transform.

 

Made Tech's purpose is to "positively impact the future of society by
improving public services technology". To achieve this the company has four
key strategic missions: Modernise legacy technology and working practices;
Accelerate digital service and technology delivery; Drive better decisions
through data and automation; and Enable technology and delivery skills to
build better systems.

 

The Group operates from four locations across the UK - London, Manchester,
Bristol, and Swansea.

 

More information is available at https://investors.madetech.com/
(https://investors.madetech.com/) .

 

 

 

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