**Summary**
Big Technologies PLC, a leading provider of electronic monitoring solutions, reported its audited results for the year ended 31 December 2025. Key financial highlights include
**Annual Recurring Revenue (ARR) Growth** 12% on a constant currency basis to £52.4 million, indicating strong revenue growth potential in 2026.
**Revenue Growth** 3% on a constant currency basis to £49.7 million, rising to 9% after adjusting for the loss of the Colombia contract in 2024.
**Adjusted EBITDA** £24.6 million, down from £27.0 million in 2024, due to margin mix changes and investments in management strengthening.
**Cash Position** £93.4 million at year-end, with £61.9 million excluding £31.5 million paid post-year-end for the Buddi Litigation settlement.
Operationally, the company implemented a revised management structure, achieved 16 new wins across 10 US states, and saw a 274% increase in Alcotags with clients. Post-period, Buddi secured a 7-year contract with the Gendarmerie in Chile, expected to generate £26 million in revenue.
The company also invested in product innovation, releasing the AlcoBreath product and enhancing its Eagle monitoring platform with AI. Targeted investments in US operations, including a regional monitoring center, aim to accelerate growth in the Americas.
The settlement of the Buddi Litigation removed uncertainty and reduced legal expenses. The companys strong balance sheet and growth opportunities position it well in the expanding offender electronic monitoring market.
**Key Metrics**
**ARR** £52.4 million (2024: £46.8 million)
**Revenue** £49.7 million (2024: £48.1 million)
**Adjusted EBITDA** £24.6 million (2024: £27.0 million)
**Cash** £93.4 million (2024: £95.7 million)
**Net Revenue Retention (NRR)** 105% (2024: 96%)
**Strategic Focus**
1. **US Market Expansion** Strengthening operational capabilities and pursuing inorganic growth opportunities.
2. **Global Contract Wins** Securing contracts in diverse markets, including Northern Ireland, Canada, New Zealand, and Lithuania.
3. **Technological Innovation** Developing next-generation products like AlcoTag v2 and integrating AI into the Eagle platform.
4. **Operational Excellence** Enhancing manufacturing efficiency and customer service to support global growth.
**Financial Health**
**Robust Balance Sheet** Strong cash position and no debt.
**Cash Flow** £23.7 million from core operations, demonstrating strong operating cash conversion.
**Investments** Focused on US operations and product development to drive future growth.
**Leadership and Governance**
**Strengthened Board** Appointed Simon Thomson as a non-executive director, enhancing expertise.
**Executive Team** Ian Johnson (CEO) and Mike Johns (CFO) demonstrated resilience and strong performance.
**Outlook**
Big Technologies PLC is well-positioned for growth in 2026, supported by new contract wins and strategic investments. The company expects performance in line with market expectations, with further growth in 2027 and beyond.