Made Tech has seen its revenues rise significantly for the six months to 30th November, with it spiking by 27% year-on-year to £27.7 million.
The London-listed firm, which provides digital, data and technology services to the UK public sector, also expects adjusted EBITDA to climb a third to around £2.4m, helped by better operational efficiency despite a higher-than-ideal contractor mix.
Cash generation also stayed solid, leaving the group with net cash of £11.9m and no debt, reinforcing the “capital-efficient, technology-enabled platform” model it has been pushing over the last two years.
The board now expects FY26 trading to be “significantly ahead” of market expectations, guiding to revenue about 10% higher than forecasts and pointing to improving EBITDA margins.
“The first half of 2026 has been an exceptionally strong period for both revenue and adjusted EBITDA, building on the momentum seen in FY25,” said Rory MacDonald, CEO of Made Tech.
“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.”
The update has caused the company’s share price to rise significantly in the first 25 minutes of trading today.
It has risen by over 20% to 31.9p and the firm’s market cap currently sits at £47.6m.