Made Tech has seen its revenues rise significantly for the six months to 30th November, with it spiking by 27% year-on-year to 拢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 拢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 拢11.9m and no debt, reinforcing the 鈥渃apital-efficient, technology-enabled platform鈥� model it has been pushing over the last two years.
The board now expects FY26 trading to be 鈥渟ignificantly ahead鈥� of market expectations, guiding to revenue about 10% higher than forecasts and pointing to improving EBITDA margins.聽
鈥淭he first half of 2026 has been an exceptionally strong period for both revenue and adjusted EBITDA, building on the momentum seen in FY25,鈥� said Rory MacDonald, CEO of Made Tech.聽
鈥淩obust cash generation has further improved our balance sheet position and the strategic optionality this provides.聽
鈥淥ur near-term focus remains on sales pipeline conversion and adding to our already solid Contracted Backlog position, giving us good visibility into FY27.
鈥淭he 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.鈥�
The update has caused the company鈥檚 share price to rise significantly in the first 25 minutes of trading today.聽
It has risen by over 20% to 31.9p and the firm鈥檚 market cap currently sits at 拢47.6m.