Made Tech Group (MTEC) Trading update summary

FY26 financial performance

• FY26 revenue £58.9m, up 27% YoY and ahead of latest market consensus of £57.5m; unaudited.

• Adjusted EBITDA rose 69% YoY to £5.9m, ahead of £5.6m consensus; unaudited and adjusted to exclude depreciation, amortisation, impairments, exceptional items and share-based payment charge.

• Adjusted EBITDA margin increased 250 bps YoY to c.10.0%, ahead of previously indicated guidance.

• Net cash was £14.5m at 31 May 2026 (FY25: £10.4m); debt-free, with flexibility to pursue growth opportunities.

Commercial momentum and outlook

• Sales Bookings momentum, including a recently awarded £19m Government Digital Service contract, and healthy Contracted Backlog provide good revenue coverage for FY27 and beyond.

• FY26 expected to be ahead of recently upgraded market expectations; FY26 results and a current trading update are due in September.

• Positioned to benefit from the UK Government Spending Review announced in June 2025, with spending available from April 2026.

• UK public-sector AI transformation is creating long-term product and growth opportunities; recent awards reinforce positioning on critical government programmes.