Made Tech has issued a positive FY24 (May year-end) trading update with the headline “trading in line with consensus expectations and cash ahead”. Rory MacDonald, CEO, said “our financial year FY25 has started strongly, with £11 million in new contracts awarded within the first month. This adds to the contracted backlog of £65.4 million at the close of FY24, underpinning our confidence as we begin the new financial year”. We have increased our FY24 adjusted EBITDA by 6% and have maintained it for FY25. Made Tech is debt free and we raise our cash position by 19% for FY24 and by 7% for FY25.