Big Technologies (LSE:BIG) reported first-half 2026 revenue of £26.9 million, representing an increase of 6% on a constant-currency basis, while annual recurring revenue rose 5% to £53.2 million.
Adjusted EBITDA increased 14% to £14.2 million, while adjusted free cash flow reached £9.6 million.
The electronic monitoring technology provider ended the period with £67.1 million in cash after making initial payments related to the Buddi litigation settlement.
Chile Contract Valued at Around $26 Million
During the period, Big Technologies secured a seven-year contract with Chile’s Gendarmerie valued at approximately $26 million.
The company also reported contract renewals and new business across Latin America, including a three-year renewal in Guatemala.
In the US, Big Technologies secured six new contracts, alongside a statewide renewal in Tennessee.
Alcohol Monitoring Products Add to Portfolio
Big Technologies operates in the electronic monitoring sector through its Buddi brand, providing hardware and software used primarily by government and public-sector customers in criminal justice settings.
Its product portfolio includes GPS-based electronic monitoring technology and alcohol monitoring products including AlcoTag and AlcoBreath.
Management said contract wins and renewals are expected to contribute to performance during the second half and indicated that full-year results are expected to be slightly ahead of previous expectations.
The group’s business is based largely on recurring subscription revenue from electronic monitoring deployments across multiple international markets.
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