Big Technologies plc has announced that it expects its annual performance to be in line with market expectations after a hectic few months involving its founder and former chief executive.
The firm expects 2025 revenue to be in the range of 拢48.5 million to 拢49.5m.
The AIM-listed electronic monitoring specialist pointed to a string of fresh contract wins and a new US partnership that should start feeding into recurring revenue next year.聽
The company, which trades as Buddi, said it has secured new business awards in Lithuania, Latvia and Pierce County in Washington state (subject to final contract), alongside a signed deal in Prince Edward Island, Canada.聽
The largest of those, Lithuania, is expected to contribute around 拢600,000 of ARR in 2026, with the potential to grow into a contract worth up to about 鈧�6m over three years as services scale.
It also revealed a strategic partnership with US-based Recovery Monitoring Solutions to supply alcohol monitoring and GPS products to its client base.
Today鈥檚 announcement comes after a hectic few months for the Rickmansworth-based firm.
It remains locked in a 拢320m High Court battle with founder Sara Murray OBE after her dismissal as CEO in March, with the company alleging document forgery linked to its 2021 IPO and other governance breaches – claims she has called 鈥渙utrageous鈥�.
The dispute spilled into the boardroom in October, when shareholder pressure, led in part by Murray, forced chairman Alexander Brennan to step down, with Sangita Shah taking over on an interim basis and James Graham Matheson joining the board as a non-executive director.聽
Big Technologies鈥� interim results in September had already shown slipping revenues and EBITDA year-on-year, but today鈥檚 news has caused its share price to rise by over 6% to 67p in the first 75 minutes of trading.
鈥淲e are continuing to progress our transformation programme, strengthening our organisation and delivering profitable growth,鈥� said Ian Johnson, CEO of Big Technologies.
鈥淲e are delighted with the recent awards and validation of the competitiveness of the Buddi proposition to customers globally.聽
鈥淭he group remains well-positioned with the financial flexibility underpinned by a strong balance sheet and operational cashflow to continue to invest in product and market development. The electronic monitoring market continues to experience significant tailwinds.聽
鈥淭he company has a clear growth strategy and market leading products, which places the group in a strong position to compete for new business globally. The group has seen rapid progress in the second half of 2025, underpinned by investments made to strengthen the group organisationally and operationally.聽
鈥淭he performance across the group, driven by management actions and strategic initiatives has built confidence in meeting our full year guidance for revenue and adjusted EBITDA.鈥�