AGM Statement
Summary by AI BETAClose X
23 June 2026
Big Technologies plc
("Big Technologies" or "the Company" and, together with its subsidiaries, the 'Group')
AGM Statement
Big Technologies plc (AIM: BIG), a leading provider of electronic monitoring solutions, provides the following update in advance of the Annual General Meeting to be held at 11:00 a.m. today.
Highlights
· Guatemala renewal secured for a three-year term, further strengthening long term revenue outlook and reinforcing the Group's growing presence in Latin America following the win in Chile.
· Successful implementation and delivery of 2025 wins, with revenue commencing in Lithuania, Pierce County and Prince Edward Island.
· Continued US new business momentum, with six new wins in four states since the beginning of April and a growing pipeline of opportunities.
· Growth in US has supported new product success with AlcoTag and AlcoBreath, with over 1,800 AlcoTags and over 100 AlcoBreath units with clients, and a further 350 AlcoBreath units to be deployed over the next quarter.
The Group has made strong progress in H1 2026, with continued new business and account renewal success in the period. Growth has been underpinned by the Group's continuous innovation approach and new products, the AlcoTag and AlcoBreath, have seen increasing adoption over the period, particularly in the USA.
The Board is monitoring the impact on supply chains of geopolitical activity in the Middle East and has taken active steps in the period to secure components for the remainder of the year.
The Board remains confident that the Group's trading for 2026 will be in line with market expectations1.
A trading update for the six months ended 30 June 2026 will be released in July 2026.
Ian Johnson, Big Technologies CEO, said: "I am pleased that the good progress seen in the second half of 2025 has been built upon in the first half of 2026 with the Group maintaining its competitive edge and technological superiority.
I look forward with increasing confidence in the Group's performance for 2026."
1 The Group has compiled forecasts from five analysts with current market forecasts for 2025 revenue to be in the range of £50.5m to £52.2m, with consensus of £51.1m, and for adjusted EBITDA to be in the range of £24.7m to £25.9m, with a consensus of £25.3m.
For further information please contact:
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Big Technologies plc |
+44 (0) 19 2360 1910 |
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Sangita Shah (Interim Chair) Ian Johnson (Chief Executive Officer) |
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Zeus (Nominated Adviser and Joint Broker) |
+44 (0) 203 829 5000 |
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Dan Bate / Kieran Russell (Investment Banking) |
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Nick Searle (Equity Capital Markets) |
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Singer Capital Markets (Joint Broker) |
+44 (0) 207 496 3000 |
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James Moat / Shaun Dobson / James Todd (Investment Banking) |
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About Big Technologies
Our mission is to deliver innovative, high-quality electronic monitoring solutions that combine advanced hardware and software to support monitoring of individuals in our core criminal justice business. Big Technologies is a market leader in the electronic monitoring industry, operating under the trusted 'Buddi' brand. Through its integrated technology platform, Buddi offers state-of-the-art Electronic Monitoring solutions on a subscription-based, SaaS-like model. This platform is highly flexible and scalable, enabling tailored deployments across diverse use cases and geographies.
For more information, please visit www.buddi.com
Forward-looking statements
This announcement contains certain projections and other forward-looking statements with respect to the financial condition, results of operations, businesses and prospects of Big Technologies PLC. The use of terms such as "may", "will", "should", "expect", "anticipate", "project", "estimate", "intend", "continue", "target" or "believe" and similar expressions (or the negatives thereof) are generally intended to identify forward-looking statements. These statements are based on current expectations and involve risk and uncertainty because they relate to events and depend upon circumstances that may or may not occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements. Any of the assumptions underlying these forward-looking statements could prove inaccurate or incorrect and therefore any results contemplated in the forward-looking statements may not actually be achieved. Nothing contained in this announcement should be construed as a profit forecast or profit estimate. Investors or other recipients are cautioned not to place undue reliance on any forward-looking statements contained herein. Big Technologies PLC undertakes no obligation to update or revise (publicly or otherwise) any forward-looking statement, whether as a result of new information, future events or other circumstances.
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