Maintel’s FY25 TU reports adj EBITDA of £7.2m (vs £7.0mE) from revenue of £92.2m (£95mE), leading to net debt of £18.3m (£17.7mE). Contract wins worth £50m of TCV were won in the year, to be recognised over the next five years (vs “more than £45m” reported in the FY24 TU), contributing to FY25 but also derisking following years. Public sector sales were subdued (about one-third of FY24 revenue), while private sector sales were strong, particularly in the target verticals of retail and financial ....
