Made Tech flags trading ahead of upgraded expectations

(Sharecast News) - Made Tech said on Tuesday that full-year trading was ahead of recently upgraded market expectations, after strong public-sector demand drove a 27% rise in revenue and a 69% increase in adjusted EBITDA. The AIM-traded digital, data and technology services provider expects revenue of £58.9m for the year ended 31 May, ahead of consensus of £57.5m, while adjusted EBITDA rose to £5.9m, compared with market expectations of £5.6m.

Adjusted EBITDA margin improved by 250 basis points to about 10.0%, ahead of previous guidance, while net cash increased to £14.5m from £10.4m and the group remained debt-free.

Made Tech said sales bookings momentum, including a recently awarded £19m contract with the Government Digital Service, and a healthy contracted backlog provided good revenue coverage for 2027 and beyond.

Chief executive Rory MacDonald said the UK public sector was entering a "multi-decade AI transformation", creating a substantial long-term opportunity for trusted delivery partners.

At 1144 BST, shares in Made Tech Group were up 4.68% at 40.3p.

Reporting by Josh White for Sharecast.com.

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