Made Tech Group PLC (GB:MTEC) has released an update.
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Made Tech Group PLC has reported a revenue of approximately £38.5 million for FY24, aligning with consensus expectations, and an increased adjusted EBITDA of £2.3 million, indicating improved operational efficiency. The company remains debt-free with net cash at £7.6 million, exceeding expectations due to strong cash collection and a focus on early commercialisation of its SaaS products. With £11 million in new contracts for FY25 and a solid contracted backlog, Made Tech is optimistic about the future, especially given the political climate’s minimal impact on its operations.
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