Shares in Made Tech Group PLC (AIM:MTEC) leapt 18.5% to 31.4p after the provider of digital, data and technology services to the public sector said first half trading was significantly ahead of expectations.
Revenue for the six months to 30 November 2025 climbed 27% to around £27.7 million, while adjusted EBITDA rose 33% to around £2.4 million.
The AIM-listed company said improved operational efficiencies contributed to margin growth, though this was partly offset by a higher-than-target use of contractors.
Net cash stood at £11.9 million at the end of the period, with no debt, while the contracted backlog was roughly £74 million, though sales bookings in the first half were softer than the prior year.
The Swansea-based outfit said it now expects revenue for the year to May to be around 10% ahead of market expectations, with adjusted EBITDA margins also expected to increase.
Chief executive officer Rory MacDonald said growth in revenue and EBITDA was "building on the momentum seen in FY25" and the directors "remain optimistic and confident in our outlook".