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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Made Tech Group
Made Tech Group (MTEC) investor relations material
Made Tech Group H2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2026 earnings summary29 Sep, 2026
Executive summary
FY26 revenue rose 26.8% to £58.9m and Adjusted EBITDA increased 69.0% to £5.9m; year-end cash was £14.5m with no debt.
Operating leverage lifted Adjusted EBITDA margin to 10.0% from 7.5%, while public-sector client expansion drove growth.
Financial highlights
Gross profit increased 20.4% to £17.9m; gross margin fell 160 bps to 30.4%, reflecting competitive conditions and investment in specialist talent.
Operating profit rose to £4.5m from £1.7m; statutory profit before tax increased to £4.7m from £2.0m.
Profit for the period was £3.4m versus £1.4m; basic EPS was 2.29p versus 0.94p.
Sales bookings were £50.7m versus £81.3m; contracted backlog at year-end was £83.5m versus £93.4m.
Outlook and guidance
FY27 revenue guidance was upgraded in August to £63m–£66m, with Adjusted EBITDA of £6.3m–£6.6m; guidance includes a materially lower Health & Life Sciences contribution.
Backlog reached ~£115m at 31 July 2026 after a record ~£40m contract award; H1 FY27 is expected to be the strongest half-year bookings performance.
FY27 trading was described as strong to date, with priorities including pipeline conversion, higher utilisation and margins, recurring revenue, software and managed services.
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Latest events from Made Tech Group
- June wins of ~£11m underpin maintained FY25 guidance and expected positive cash flow.MTEC
Trading update - Record bookings and a larger backlog underpin an FY26 outlook ahead of expectations.MTECTrading update
- Strong H1 performance lifts FY26 outlook significantly above market expectations.MTECTrading update
- Revenue and adjusted EBITDA beat consensus as contract momentum supports FY27 visibility.MTECTrading update
- Margin gains and FY25 bookings offset softer FY24 revenue and cautious guidance.MTECH2 2024
- Bookings reached £42.0m, lifting backlog to £80.8m and underpinning upgraded FY25 expectations.MTECH1 2025
- Bookings rose 128% and backlog reached £92.2m, supporting FY26 expectations.MTECH2 2025
- Revenue and adjusted EBITDA grew strongly; FY26 adjusted EBITDA is expected ahead of consensus.MTECH1 2026
Next Made Tech Group earnings date
H1 20275 Feb, 2027
Made Tech Group
Next Made Tech Group earnings date
H1 20275 Feb, 2027
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