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Big Technologies (BIG) investor relations material
Big Technologies H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved 12% year-over-year growth in Annual Recurring Revenue (ARR) to £52.4m at year-end 2025, with strong momentum in the US and new contract wins across multiple regions.
Revenue grew 3% to £49.7m, with underlying growth of 9% excluding the loss of Colombia.
Adjusted EBITDA margin was 49%, impacted by FX headwinds, business mix, and management investment.
Settled historic shareholder litigation post year-end and introduced new executive leadership and organizational structure.
Financial highlights
ARR increased to £52.4m (2024: £46.8m), with 40% ARR growth in the US.
Revenue reached £49.7m (2024: £48.1m at constant currency).
Adjusted EBITDA was £24.6m (2024: £27.0m), margin 49% (2024: 54%).
Adjusted operating profit was £18.5m (2024: £21.2m), margin 37% (2024: 42%).
Cash at year-end was £93.4m, or £61.9m adjusted for settlement payment.
Outlook and guidance
2026 performance expected to be in line with market expectations, with new contracts supporting further growth in 2027 and beyond.
US market growth expected to continue, with innovation and new products driving expansion.
Controlled margin reduction anticipated as US market share increases.
- ARR up 12% and new contracts drive growth; outlook for 2026 remains strong.BIG
H2 2025 TU27 Jan 2026 - Strong recurring revenue, robust cash, and new contracts drive positive outlook for FY25.BIG
H2 202412 Jan 2026 - New contracts and product launches drive confidence in meeting 2025 financial guidance.BIG
Trading Update8 Dec 2025 - Litigation provisions drove a statutory loss despite strong ARR growth and a solid cash position.BIG
H1 202530 Sep 2025 - H1 2025 saw resilient revenues, new contracts, and robust cash, supporting global growth plans.BIG
Trading Update22 Jul 2025 - Strong cash generation and profitability despite revenue decline; growth expected in 2025.BIG
H1 202413 Jun 2025 - 2024 results meet expectations; recurring revenue and US growth support a stable 2025 outlook.BIG
Trading Update6 Jun 2025
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