Trading Update and Notice of Results
Big Technologies plc reported a trading update for the six months ended 30 June 2026, showing Annual Recurring Revenue increased 5% to £53.2m and revenue grew 6% to £26.9m. Adjusted EBITDA rose 14% to £14.2m, with the margin improving to 53%, while Adjusted Free Cash Flow increased 42% to £9.6m. The company's cash balance stands at £67.1m following £33.4m in settlement payments for Buddi Litigation. The company anticipates issuing its Interim Results on 14 September 2026.
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Big Technologies plc (AIM: BIG), a leading provider of electronic monitoring solutions provides the following unaudited trading update for the six months ended 30 June 2026.
Financial Highlights
| Six months ended 30 June | H1 2026 | H1 2025 | % Change |
|---|---|---|---|
| Annual Recurring Revenue ("ARR") 1 | £53.2m | £50.9m 2 | 5% |
| Revenue | £26.9m | £25.4m 2 | 6% |
| Gross Profit Margin | 67% | 68% | (1%) |
| Adjusted EBITDA 4 | £14.2m | £12.5m | 14% |
| Adjusted EBITDA 4 margin | 53% | 50% | 3% |
| Adjusted Free Cash Flow 3 | £9.6m | £6.7m | 42% |
| Cash at bank | £67.1m | £96.7m | (31%) |
- ARR increased to £53.2m (H1 2025: £50.9m), representing constant currency growth of 5%. ARR growth has been underpinned by revenue coming online as new business wins in 2025 and H1 2026 were implemented and delivered.
- New business success also drove revenue growth of 6% on a constant currency basis.
- The gross profit margin fell by 1% to 67% reflecting a shifting of margin mix across the Group, including the impact of the full-service Northern Ireland contract.
- Adjusted EBITDA4 grew 14% to £14.2m (H1 2025: £12.5m) reflecting both the Group's growing revenue and disciplined cost neutral approach to investment in 2025.
- Adjusted EBITDA margin in H1 2026 grew by 3 percentage points to 53%, reflecting the Group's inherent operational leverage.
- Adjusted Free Cash Flow3 was £9.6m compared with £6.7m in H1 2025. The increase of £2.9m Adjusted Free Cash Flow reflects the Group's strong underlying cash generation. Exceptional cash outflows in relation to legal fees reduced from £5.3m in H1 2025 to £2.6m in H1 2026.
- Balance sheet remains strong following initial settlement payments in relation to the Buddi Litigation, with cash of £67.1m (H1 2025: £96.7m). Settlement payments of £33.4m were made in H1 2026.
- Well positioned for further growth in H2 2026 and beyond following the Chile contract win, three-year Guatemala renewal and six new wins in the US, supported by new product success with AlcoTag and AlcoBreath.
Charles Lewinton, Acting CEO, said: "The Group has continued to deliver strong progress in the first half of 2026 with accelerating revenue growth building on the Group's return to growth achieved in the second half of 2025.
Over the past year, we have strategically strengthened the Group's leadership team and operational structure, this has been achieved on a cost-neutral basis, driving improved operational performance and enhanced profitability.
I would like to thank our exceptionally talented team for their continued dedication, not only in delivering a market-leading electronic monitoring service to our growing global customer base, but also in successfully bringing new products to market that will underpin the Group's future growth.
This set of results provides a robust platform for future growth, and I look forward with confidence and ambition at what the Group can achieve in the years ahead."
Notice of Results
Big Technologies anticipates issuing its Interim Results for the six months ended 30 June 2026 on Monday 14 September 2026.
Throughout this announcement:
This trading update is based upon unaudited management accounts and has been prepared solely to provide additional information on trading to the shareholders of Big Technology Group plc. All figures are provisional and subject to further review.
1 ARR is the value of continuing revenue from recurring accounts at a specific point in time, normalised to a one-year period.
2 Constant currency is calculated by recalculating 2025 revenues using prevailing average foreign exchange rates from 2026 and by recalculating prior period ARR at the prevailing balance sheet date.
3 Adjusted Free Cash Flow in the period is defined as Operating Cash Flows less capital expenditure excluding exceptional cash flows in the period. Exceptional cash flows in both periods include but are not limited to legal fee expenses incurred in relation to litigation. H1 2025 also excludes both a cash inflow of £5.2m in relation to the reversal of previously adopted tax treatment of a warrant exercised in 2021, and the cash outflow impact of an exceptional foreign exchange loss of £4.0m relating to funds held in USD in anticipation of an acquisition.
4 Adjusted EBITDA excludes share-based payments and other adjusting items, including but not limited to provisions for legal expenses in relation to ongoing litigation and associated costs relating to the legal proceedings.
Sangita Shah (Interim Chair) Charles Lewinton (Acting Chief Executive Officer) Mike Johns (Chief Financial Officer)
| Zeus (Nominated Adviser and Joint Broker) | +44 (0) 203 829 5000 |
| Dan Bate / Kieran Russell (Investment Banking) | |
| Nick Searle (Equity Capital Markets) | |
| Singer Capital Markets (Joint Broker) | +44 (0) 207 496 3000 |
James Moat / Shaun Dobson / James Todd (Investment Banking)
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