Made Tech profit rises amid glistening outlook; appoints Swinyard CFO
Made Tech Group PLC on Thursday said it expects to beat recently upgraded expectations for the current and next financial year, as it posted a higher profit and announced a new chief financial officer.
The London-based digital services firm, which targets the UK public sector said pretax profit climbed to £1.3 million in the six months ended November 30, from £450,000 a year ago.
Adjusted earnings before interest, tax, depreciation and amortisation jumped to £2.4 million from £1.8 million.
Revenue rose 28% to £27.8 million from £21.8 million. Cost of sales increased 37% to £19.1 million from £14.0 million.
Meanwhile, Made Tech announced the appointment of Richard Swinyard as chief financial officer, starting next week Monday. He previously served as CFO at Agilisys, a UK-based provider of IT and digital transformation services to the public sector. Swinyward succeeds Neil Elton. Back in October, the firm announced that Elton will step down from his role as he decided to leave the business for other career opportunities.
The company highlighted that its number of employees grew by 16% during the financial half to 433 from 374, ‘reflecting continued investment to support delivery demand and future growth.’
Further, Made Tech noted an increase in UK government procurement activity since autumn 2025.
Looking ahead, Made Tech said it is trading ahead of recently upgraded expectations for financial years 2026 and 2027. For the current financial year 2026, it cited an expectation of revenue of £55.1 million and adjusted Ebitda of £4.8 million.
Meanwhile, the current market consensus for financial 2027 which Made Tech anticipates to beat is a revenue of £58.0 million and adjusted Ebitda of £5.2 million.
For financial 2025, the firm had reported revenue of £46.4 million and adjusted Ebitda of £3.5 million.
Chief Executive Officer Rory Macdonald said: ‘Made Tech has delivered an exceptional first half, with record revenue and profitability, and strong current trading ahead of recently upgraded expectations. We have continued to improve operational leverage and cash generation, while maintaining a strong balance sheet. Our sales pipeline remains robust, and while bookings can be lumpy between periods, recent bid activity and conversions support our confidence in continued momentum in H2 FY26 and into FY27. We look forward to sharing details on contract awards and progress over the coming months.’
Made Tech shares rose 12% to 39.51 pence each on Thursday afternoon in London.
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