Made Tech Group (LSE:MTEC) has increased its financial guidance after securing its largest contract to date, with the digital services specialist appointed as part of a consortium to deliver a major four-year programme for a UK government department.
The contract is expected to generate approximately £40 million of revenue attributable to Made Tech over its duration. Income from the agreement will begin in FY27 before making a more substantial contribution during FY28.
Following the award, Made Tech has raised its FY27 revenue guidance to between £63 million and £66 million. Adjusted EBITDA is now expected to reach £6.3 million to £6.6 million, putting both measures above previous market expectations.
Contracted Backlog Climbs to Around £115 Million
The record contract follows a significant acceleration in sales bookings during the second half of FY26, strengthening Made Tech’s visibility over future revenues.
The company’s contracted backlog has now increased to approximately £115 million, providing greater coverage for FY27 and subsequent financial periods.
Management said the latest award further establishes Made Tech’s position within important UK government programmes and reinforces confidence in the company’s medium-term growth prospects.
The combination of a larger order book and higher guidance provides greater visibility over future performance as Made Tech continues expanding its work across public-sector digital transformation programmes.
Financial Performance Shows Improvement
Made Tech’s broader financial outlook has strengthened following its return to profitability, improved cash generation and relatively low leverage.
Technical momentum also remains supportive, while recent corporate developments, including the record government contract, provide an additional positive factor for the outlook.
These strengths are partly balanced by a relatively high price-to-earnings multiple and the company’s previous volatility in earnings and cash generation. Continued execution against its expanded backlog will therefore be important in supporting the group’s growth expectations.
More about Made Tech Group PLC
Made Tech Group Plc is a London-listed provider of digital, data and technology services primarily focused on the UK public sector.
The company works with government departments and other public-sector organisations on critical technology programmes, providing digital services and long-term solutions intended to modernise public services and support wider digital transformation initiatives.
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