Big Technologies upbeat on contract wins, strategic partnership

8th Dec 2025 11:41

(Sharecast News) - Big Technologies reported a series of new contract wins and a strategic partnership on Monday, that the company said would diversify revenue and support growth in 2026.

The AIM-traded provider of electronic monitoring solutions reported new business awards in Lithuania, Latvia and Pierce County in Washington state, all subject to final contracts, alongside a signed agreement in Prince Edward Island, Canada.

It said the deals were expected to contribute annual recurring revenue over the course of next year and reduce customer concentration.

The Lithuanian award is the largest, set to provide initial recurring revenue of £0.6m in 2026 with potential to reach a total value of around €6m over a three-year term.

Big Technologies also announced a strategic partnership between its Buddi unit and Recovery Monitoring Solutions in the United States to supply alcohol monitoring and GPS products.

It said the arrangement would broaden Buddi's presence in the US market, with RMS bringing more than three decades of experience in compliance and monitoring services.

In product development, the group said it had secured FCC approval in the US for AlcoBreath, a newly developed handheld alcohol-detection device.

The unit integrates breath testing, GPS tracking and facial recognition, and the company said it believed demand would be driven by compliance-focused alcohol monitoring programmes, particularly in the US.

Big Technologies said the recent contract wins and certification milestones provided confidence that full-year trading would be in line with market expectations, with a formal update due at the end of January.

"We are continuing to progress our transformation programme, strengthening our organisation and delivering profitable growth," said chief executive Ian Johnson.

"We are delighted with the recent awards and validation of the competitiveness of the Buddi proposition to customers globally."

He added that the company remained "well-positioned with the financial flexibility underpinned by a strong balance sheet and operational cashflow to continue to invest in product and market development," noting that "the electronic monitoring market continues to experience significant tailwinds."

Johnson said performance in the second half of 2025 had been driven by management actions and strategic initiatives, adding that had "built confidence in meeting our full year guidance for revenue and adjusted EBITDA."

The company's compiled analyst forecasts pointed to 2025 revenue of between £48.5m and £49.5m, with consensus at £49.1m, and adjusted EBITDA of between £23.7m and £24.5m, with consensus at £24.1m.

At 1122 GMT, shares in Big Technologies were up 5.78% at 66.64p.

Reporting by Josh White for Sharecast.com.