Made Tech Group (MTEC) H2 2026 earnings summary

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.