**Summary**
Big Technologies PLC, a leading provider of electronic monitoring solutions, released its full-year trading update for 2025 (FY 25) on January 27, 2026. The company reported strong performance, marginally exceeding market consensus for both revenue and adjusted EBITDA. Key financial highlights include
**Annual Recurring Revenue (ARR)** Grew 12% to ยฃ52.4m in constant currency, driven by strong new business momentum, particularly in the Americas (25% growth).
**Revenue** Unaudited Group revenues were approximately ยฃ49.7m, with underlying constant currency growth of 9% after adjusting for the loss of the Colombia contract in H1 2024.
**Adjusted EBITDA** Approximately ยฃ24.6m, reflecting margin mix changes and investments in management strengthening, expected to be cost-neutral in future periods.
**Cash Position** Strong balance sheet with ยฃ93.4m in cash at year-end, which would have been ยฃ61.9m after accounting for the ยฃ31.5m settlement payment related to the Buddi Litigation.
Operationally, Big Technologies achieved significant milestones, including
Winning new contracts in southern Europe, Aruba, Lithuania, Latvia, Pierce County, and Prince Edward Island, positioning the company for growth in 2026.
Establishing a new organizational structure with regional leadership appointments and roles in product quality, regulatory, and marketing.
Launching the AlcoBreath product for breath alcohol measurement, certified in the USA and Europe.
Forming a partnership with Actall Corporation to integrate Buddis RF tag technology into the Actall HubSensTM RTLS platform.
CEO Ian Johnson highlighted the companyโs resilience despite mid-2024 contract losses, praised regional teams for their strong performance, and expressed optimism for continued growth in 2026, supported by best-in-class technology, a loyal client base, and a robust balance sheet.
The update is based on unaudited management accounts, with all figures subject to further review. Big Technologies operates under the Buddi brand, delivering innovative electronic monitoring solutions for the criminal justice sector.
**End.**
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text: < lang="en">
> ### Explanation:
1. **ARR (Annual Recurring Revenue)**: Increased by 12% from ยฃ46.8m in 2024 to ยฃ52.4m in 2025.
2. **Group Revenues**: - Reported revenues decreased slightly by 1.2% from ยฃ50.3m in 2024 to ยฃ49.7m in 2025. - On a constant currency basis, revenues grew by 3% from ยฃ48.1m to ยฃ49.7m.
3. **Underlying Revenue Growth**: Excluding the Colombia contract loss, underlying constant currency revenue growth was 9% in 2025.
4. **Adjusted EBITDA**: Decreased by 8.9% from ยฃ27.0m in 2024 to ยฃ24.6m in 2025.
5. **Cash Balance**: - Year-end cash balance was ยฃ93.4m in 2025. - Adjusted for the Buddi Litigation payment, the cash balance would have been ยฃ61.9m. This table provides a clear comparison of key financial metrics between 2024 and 2025 for Big Technologies PLC.