REG - Made Tech Group PLC - Trading Statement

Made TechAnnouncement

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RNS Number : 9157K  Made Tech Group PLC  10 December 2025

 

10 December 2025

 

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.

 

MADE TECH GROUP PLC

("Made Tech", the "Group" or the "Company")

 

FIRST HALF TRADING UPDATE

Trading significantly ahead of expectations

 

Made Tech, a leading provider of digital, data and technology services to the
UK public sector, is pleased to announce a trading update for the 6 months
ended 30 November 2025 ("H1 FY26").

 

Revenue for H1 FY26 was c.£27.7 million (H1 FY25: £21.8 million),
representing a year-on-year increase of c.27% following good Sales Bookings(1)
momentum in the second half of FY25.

 

Adjusted EBITDA(2) for H1 is expected to be c.£2.4 million (H1 FY25: £1.8
million), c.33% up on the equivalent prior year period.  This represents an
increase in margin from 8.2% to c.8.7%, a result of operational efficiencies,
offset by a higher than target contractor base.

 

Net cash as at 30 November 2025 was £11.9 million (FY25: £10.4 million; H1
FY25: £9.1 million), reflecting the continuing strong operating cash flow
conversion of the business.  Made Tech remains debt-free.

 

As at 30 November 2025 Contracted Backlog(3) was c.£74.0 million (FY25:
£92.2 million; H1 FY25: £80.8 million) which provides good contractual
coverage for the remainder of FY26 and into FY27.  Sales bookings for H1 FY26
were softer than the strong prior year performance but the Sales Booking
pipeline remains very active with a number of opportunities expected to
increase the Contracted Backlog position in H2.

 

As a result of the strong trading performance in the first half of the year,
the Board now expects trading for FY26 to be significantly ahead of current
market expectations(4), with revenue expected to be c.10% higher and Adjusted
EBITDA margins increasing, reflecting improved operational gearing. The Group
looks forward to announcing its Interim results for the 6 month period ended
30 November 2025 in February 2026.

 

Rory MacDonald, Chief Executive Officer, commented:

 

"The first half of 2026 has been an exceptionally strong period for both
revenue and Adjusted EBITDA, building on the momentum seen in FY25. Robust
cash generation has further improved our balance sheet position and the
strategic optionality this provides. Our near-term focus remains on sales
pipeline conversion and adding to our already solid Contracted Backlog
position, giving us good visibility into FY27.

 

The UK Government has emphasised the significant role technology will play in
delivering its priorities, and we believe the Group continues to be
well-positioned to capitalise on these opportunities. Consequently, we remain
optimistic and confident in our outlook."

 

 Notes:

 

 All financials are based on unaudited figures.

 

 (1)  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.
 (2)  Adjusted EBITDA has been adjusted for the exclusion of depreciation,
      amortisation, impairments, exceptional items and share-based payment charge.
 (3)  Contracted Backlog is the value of contracted revenue that has not yet been
      recognised.
 (4)  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
      £50.1m, Adjusted EBITDA of £3.9m and cash of £13.1m, and for the year ended
      31 May 2027 (FY27) to be revenue of £55.1m, Adjusted EBITDA of £4.4m and
      cash of £16.1m.

 

 Enquiries:

 

 Made Tech Group plc                                                    Email:  investor-relations@madetech.com

 Rory MacDonald, CEO

 Neil Elton, CFO
 Canaccord Genuity Limited  (Nominated Adviser & Broker)                Tel: +44 (0) 20 7523 8000

 Simon Bridges / Harry Gooden / Andrew Potts / Elizabeth Halley-Stott

 

 

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