Opencast, a Tyneside-based technology consultancy, reported signs of recovery following a challenging 2025, as it recorded growth in contract backlog and revenue projections. The company, which employs around 800 staff and delivers digital solutions to government departments and healthcare organizations, has expanded its portfolio with key clients including HM Revenue & Customs, the Department for Work and Pensions, the Ministry of Justice, and the Department for Education.
According to recently filed accounts, Opencast Software Europe Holdings Limited increased its turnover to over £50 million in 2025, up from £46.5 million the previous year. The company narrowed its operating losses from £6.3 million to £2.63 million, while pre-tax losses decreased from £6.7 million to £4.2 million. Adjusted EBITDA remained steady at approximately £2.5 million.
The directors described 2025 as a difficult period due to slower public sector procurement processes and delays between contract awards and project initiation. These factors impacted the timing of revenue recognition and complicated workforce planning. However, the latter half of the year saw a marked acceleration in activity as previously delayed projects commenced.
Post-year-end performance highlighted this upward momentum, with July 2026 marking the company’s strongest month on record. By the end of August, Opencast reported a backlog of contracted work totaling £91.7 million. Management now anticipates full-year revenue for 2026 to exceed £70 million, alongside adjusted EBITDA surpassing £5 million.
Tom Lawson, Opencast’s CEO, acknowledged the slow start to 2025, noting that a substantial backlog and positive pipeline initially suggested a robust year. He attributed the lower-than-expected first-half momentum to persistent project delays, with demand shifting into the second half. Lawson emphasized the company’s recent growth in headcount, with more than 300 new hires over the past twelve months, and reiterated a commitment not only to expanding staff numbers but also to enhancing employee skills and career development.
Founded in the North East, Opencast highlighted its role in fostering high-quality technology employment and facilitating digital transformation within the region, aiming to bolster the North East’s reputation as a hub for technology and innovation.
The company also provided an update on its Social Impact Strategy, which in the past year included 467 days of pro bono consultancy for five non-profit organizations—Every Youth, Reboot the Future, Turing Trust, GG Care, and other purpose-driven entities. Additionally, Opencast offered work experience to 20 adults and 20 students at its Newcastle office, along with paid placements, including one T-Level and one for individuals not in education, employment, or training (NEET). The company also supports community engagement by making its Newcastle headquarters available to charities, schools, universities, and local councils.