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(Sharecast News) - Made Tech said on Tuesday that full-year trading was ahead of recently upgraded market expectations, after strong public-sector demand drove a 27% rise in revenue and a 69% increase in adjusted EBITDA.
The AIM-traded digital, data and technology services provider expects revenue of 58.9m for the year ended 31 May, ahead of consensus of 57.5m, while adjusted EBITDA rose to 5.9m, compared with market expectations of 5.6m.
Adjusted EBITDA margin improved by 250 basis points to about 10.0%, ahead of previous guidance, while net cash increased to 14.5m from 10.4m and the group remained debt-free.
Made Tech said sales bookings momentum, including a recently awarded 19m contract with the Government Digital Service, and a healthy contracted backlog provided good revenue coverage for 2027 and beyond.
Chief executive Rory MacDonald said the UK public sector was entering a "multi-decade AI transformation", creating a substantial long-term opportunity for trusted delivery partners.
At 1144 BST, shares in Made Tech Group were up 4.68% at 40.3p.
Reporting by Josh White for Sharecast.com.
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