Made Tech Group (AIM:MTEC), a provider of digital, data and technology services to the UK public sector, said its full-year results will come in ahead of recently upgraded market expectations after revenue rose 27% to £58.9m in the year ended 31 May.
The standout number in Tuesday's trading update is adjusted EBITDA, which grew 69% to £5.9m, lifting the margin by 250 basis points year-on-year to approximately 10%, ahead of the company's own previously indicated guidance on that measure.
Net cash strengthened to £14.5m from £10.4m a year earlier, with the group remaining debt-free.
Market consensus ahead of the update had pointed to revenue of £57.5m, adjusted EBITDA of £5.6m and cash of £13.5m, placing Made Tech ahead on all three metrics.
A recently awarded £19m contract with the Government Digital Service anchors forward visibility, with the contracted backlog providing what the company described as good revenue coverage for FY27 and beyond.
"We have delivered strong revenue growth, materially improved profitability and cash generation, and have entered FY27 with significant positive momentum," said chief executive Rory MacDonald, adding that the UK public sector's AI transformation represents a "substantial long-term opportunity" for the group.
Full audited results for FY26 are scheduled for September, when the company will also update on current trading.
