Business
FY25 Trading Update
FY25 Trading Update.
About this update from Made Tech Group Plc
[{"type":"text","content":"\n\n \n26 June 2025\n \nThis announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"MAR\"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.\n \nMADE TECH GROUP PLC\n(\"Made Tech\", the \"Group\" or the \"Company\")\n \nFULL YEAR TRADING UPDATE\nTrading ahead of recently upgraded expectations\n \nMade Tech, a leading provider of digital, data and technology services to the UK public sector, is pleased to announce a trading update for the year ended 31 May 2025 (\"FY25\").\n \nThe Board expects to deliver revenue of c.£46.4 million (FY24: £38.6 million), representing an annual increase of c.20% following good momentum in the second half of the year. This is ahead of consensus expectations1 which were increased at the time of our half year results on 5 February 2025.\n \nAdjusted EBITDA2 is expected to be c.£3.4 million (FY24: £2.4 million), ahead of consensus expectations and c.42% up on prior year, representing an increase in margin from 6.2% to c.7.3% as a result of operational efficiencies, offset by a higher than target contractor base.\n \nNet cash was £10.4 million (FY24: £7.6 million), ahead of consensus expectations, representing a c.37% increase on the prior year. Made Tech remains debt free.\n \nDuring FY25, Made Tech won c.£82.1 million in new Sales Bookings3 (FY24: £36.0 million), an increase of c.128% against a weak prior year comparative. Recent wins included within the FY25 Sales Booking figure include an £8.4 million three-year contract with the Ministry of Justice's Legal Aid Agency (LAA) and a number of smaller contracts with clients such the Department of Health and Social Care. As a result of this strong sales performance the Contracted Backlog4 has increased substantially to c.£92.0 million (FY24: £60.6 million).\n \nAs a result of the strong momentum, and underpinned by the substantial Contracted Backlog, the Board now expects trading for FY26 to be ahead of current market expectations. The Board is encouraged by the recent publication of the Spending Review and notes the UK Governments' commitment to the digital transformation of the public...