Made Tech, the provider of digital and technology services to UK government departments and local councils, has delivered growth that exceeded market expectations for the year ending May 2025.
Shares were 17% higher after the group announced revenue of approximately £46.4 million, up 20% from £38.6 million the previous year. Adjusted EBITDA jumped to £3.4 million compared to £2.4 million in 2024 – a 42% increase that lifted margins from 6.2% to 7.3%.
Made Tech’s results have surpassed analyst forecasts that had already been upgraded earlier this year.
The group is benefiting from the government’s approach to digital transformation and the drive to improve internal systems with the help of companies such as Made Tech.
Sales Bookings Surge 128%
The standout metric was new sales bookings, which soared 128% to £82.1 million from £36.0 million. Made Tech secured major contracts, including an £8.4 million three-year deal with the Ministry of Justice’s Legal Aid Agency, alongside multiple smaller agreements with the Department of Health and Social Care.
The new contract win has built a substantial contracted backlog of £92.0 million, up from £60.6 million previously, providing strong revenue visibility for future periods.
The company’s balance sheet remained robust with net cash of £10.4 million – a 37% increase from £7.6 million. Made Tech continues to operate debt-free.
“I’m pleased with the progress we’ve made this year, delivering strong revenue growth, improved profitability and continued free cash flow generation. Investment in our sales and bid capability is starting to deliver, with a step change in bookings and a significantly larger Contracted Backlog,” said Rory MacDonald, Chief Executive Officer.
“The UK Government’s renewed focus on digital transformation and data as a growth asset through the recently announced Spending Review, the State of Digital Government report, the UK’s Modern Industrial Strategy and the Strategic Defence Review has reinforced a growing long term market opportunity with clear demand for modern digital technology and the potential for sustained returns.”