Big Technologies (BIG) H1 2026 TU earnings summary

Executive summary

• Achieved 5% year-over-year growth in Annual Recurring Revenue (ARR) to £53.2m for H1 2026, driven by new business wins and successful contract implementations.

• Revenue increased 6% year-over-year to £26.9m, reflecting continued expansion and new product success.

• Operational improvements and a strengthened leadership team contributed to enhanced profitability and performance.

Financial highlights

• Adjusted EBITDA rose 14% year-over-year to £14.2m, with margin improving by 3 percentage points to 53%.

• Adjusted Free Cash Flow increased 42% to £9.6m, reflecting strong cash generation and reduced exceptional legal outflows.

• Gross profit margin slightly decreased by 1 percentage point to 67%, impacted by margin mix changes and the Northern Ireland contract.

• Cash at bank stood at £67.1m after £33.4m in settlement payments related to litigation.

Outlook and guidance

• Positioned for further growth in H2 2026 and beyond, supported by recent contract wins in Chile, Guatemala, and the US, as well as new product launches.

• Interim results for the six months ended 30 June 2026 are expected to be released on 14 September 2026.