Big Technologies (BIG) H1 2026 earnings summary

Executive summary

• Achieved return to growth and profitability in H1 2026, with 5% ARR growth and major contract wins in the US, Latin America, and EMEA.

• Retention of existing contracts remains high, including a 3-year renewal in Guatemala.

• Leadership streamlined with new CEO, COO, CCO, and CTO appointments, supporting a globally coordinated approach.

• Innovation continues to drive product development, with new launches and enhancements to core offerings, especially in alcohol monitoring.

Financial highlights

• Annual Recurring Revenue (ARR) reached £53.2m at 30 June 2026, up 5% year-over-year.

• Revenue for H1 2026 was £26.9m, a 6% increase compared to H1 2025.

• Adjusted EBITDA rose to £14.2m (margin 53%), up from £12.5m (49%) in H1 2025.

• Adjusted free cash flow was £9.6m, up from £6.7m in H1 2025; cash balance at period end was £67.1m.

• Statutory profit for the period was £7.7m (H1 2025: loss of £28.9m).

Outlook and guidance

• Performance for 2026 expected to be in line with or marginally ahead of market expectations, with new contracts supporting further growth into 2027.

• Largest customers not up for retender until 2028, providing revenue stability.

• Targeting reduced customer concentration through US expansion.

• Margins expected to decrease slightly due to full-service contracts and commercial pricing strategy.

• Strong pipeline and recent contract wins position the group for further growth in H2 2026 and beyond.