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Made Tech Group PLC ( (GB:MTEC) ) just unveiled an announcement.
Made Tech Group PLC announced a significant trading update for the first half of FY26, reporting a 27% increase in revenue to approximately £27.7 million and a 33% rise in adjusted EBITDA to around £2.4 million. The company remains debt-free with strong cash flow, and its contracted backlog provides solid coverage for future operations. Despite softer sales bookings compared to the previous year, the company expects to exceed market expectations for FY26, driven by operational efficiencies and a strong sales pipeline. The UK Government’s emphasis on technology positions Made Tech well for future growth, with the company expressing confidence in its outlook.
Spark’s Take on GB:MTEC Stock
According to Spark, TipRanks’ AI Analyst, GB:MTEC is a Neutral.
Made Tech Group PLC’s overall stock score reflects a challenging financial situation with declining revenue and profitability issues, countered by a strong balance sheet. The technical analysis indicates weak momentum, and the valuation is unattractive due to a negative P/E ratio. However, recent corporate events show promising growth and strategic wins, providing a positive outlook for potential recovery.
To see Spark’s full report on GB:MTEC stock, click here.
More about Made Tech Group PLC
Made Tech Group PLC is a leading provider of digital, data, and technology services, primarily serving the UK public sector. The company focuses on leveraging technology to support government priorities and enhance public sector operations.
Average Trading Volume: 667,445
Technical Sentiment Signal: Sell
Current Market Cap: £38.81M
See more data about MTEC stock on TipRanks’ Stock Analysis page.