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Made Tech PLC on Wednesday guided financial 2026 revenue ‘significantly’ ahead of market consensus, with higher earnings and cost efficiency measures mitigating a slowdown in first-half bookings. The digital services firm, which targets the UK public sector, saw shares jump 21% to 32.00 pence on Wednesday morning in London. Made Tech estimated revenue for the six months ended November 30 of £2.4 million, up 27% from £21.8 million the year prior. Adjusted earnings before interest, tax, depreciation and amortisation are expected about 33% higher at £2.4 million, compared with £1.8 million on-year. According to Made Tech, this represents an adjusted Ebitda margin of 8.2%, improved from 8.7%, based on ‘operational efficiencies, offset by a higher than target contractor base.’ The firm’s contracted backlog of was around £74.0 million at the end of November, down 20% from £92.2 million at the end of May, and roughly 8.4% below the previous year’s £80.8 million figure. Made Tech maintained it has ‘good contractual coverage for the remainder of FY26 and into FY27,’ despite sales bookings in the first half failing to sustain the momentum of ‘the strong prior year’. The booking pipeline ‘remains active’, Made Tech stressed, ‘with a number of opportunities expected to increase the contracted Backlog position in H2.’ It sees full-year revenue rising 10% above company-cited consensus of £50.1 million. Adjusted Ebitda margins are expected to rise thanks to improved gearing, with the current adjusted Ebitda forecast standing at £3.9 million. Made Tech’s net cash amounted to £11.9 million at November 30, up from £10.4 million at May 30 and £9.1 million on-year. Market consensus is for £13.1 million in cash at the end of May 2026. Chief Executive Officer Rory MacDonald said the company’s ‘near-term focus remains on sales pipeline conversion and adding to our already solid contracted backlog position.’ MacDonald continued: ‘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.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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