Made Tech (LSE:MTEC) delivered a strong first-half performance for the six months to 30 November 2025, reporting record revenue and profit growth as execution of its contracted backlog and improved cost discipline supported margins and cash generation.
Revenue rose 28% year-on-year to £27.8 million, while adjusted EBITDA increased 35% to £2.4 million. The performance was driven by delivery against a substantial pipeline of secured contracts and a strategic reduction in contractor usage, which contributed to improved operational efficiency and higher profitability.
Although new sales bookings declined sharply compared with an unusually strong prior-year period and contracted backlog eased slightly, the company said trading remains ahead of recently upgraded market expectations. Momentum has been supported by a recovery in UK government procurement activity, increasing demand for large-scale, long-term digital transformation programmes and growing interest in artificial intelligence solutions.
Made Tech also strengthened its financial position during the period, ending the half year with £11.9 million in net cash and no debt. The company further enhanced its leadership team with the appointment of a new chief financial officer, aimed at supporting the next phase of growth.
The group’s outlook is underpinned by improving financial performance, including a return to profitability, stronger cash flows and low leverage, alongside supportive technical trading momentum. However, valuation remains elevated, with a high price-to-earnings ratio and a track record of earnings and cash-flow volatility tempering investor sentiment, despite recent positive corporate developments.
More about Made Tech Group PLC
Made Tech Group plc is a UK-based provider of digital, data and technology services focused primarily on the public sector. The company supports government departments, healthcare organisations, education providers and public safety bodies with modernisation programmes spanning cloud infrastructure, artificial intelligence and managed services, positioning itself as a long-term partner for public-sector digital transformation.
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