Made Tech Group PLC (AIM:MTEC) has secured the largest contract in its history, with its share of a 4-year UK government contract expected to be worth around £40 million.
The digital, data and technology services provider had been appointed as part of a consortium to deliver the contract for a UK government department.
Revenue from the award is expected to begin in FY27, with a larger contribution anticipated in FY28.
Following the contract win, Made Tech has upgraded its FY27 guidance for the second time in 2026. The company now expects revenue of between £63 million and £66 million, compared with previous market expectations of £60.3 million.
Adjusted EBITDA is forecast at between £6.3 million and £6.6 million, ahead of previous market expectations of £6.0 million.
Made Tech sales bookings accelerated significantly in the second half of FY26. Including the new award, its contracted backlog has risen to around £115 million, providing greater revenue visibility into FY27 and beyond.
Chief executive Rory MacDonald said the contract represented an important milestone for the company and strengthened its position on government programmes.
“This is the largest contract award in our history and marks an important milestone in our growth,” MacDonald said.
He added that the award provided greater visibility over future revenues and supported the board’s decision to raise its FY27 expectations.
Made Tech is due to report its FY26 final results in September, when it expects to provide further detail on its outlook.
