Made Tech expands annual profit as revenue rises 27%
Made Tech ($MTEC) reported £58.9 million of annual revenue, up 26.8%, and a 69% increase in adjusted EBITDA to £5.9 million. The adjusted EBITDA margin widened to 10% from 7.5%, while statutory pretax profit more than doubled to £4.74 million. The public-sector technology-services provider ended its May financial year with £14.5 million of cash and no debt. Efficiency gains and cost control helped earnings grow faster than sales, despite gross margin narrowing to 30.4% from 32%. Contracted backl
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