REG - Eleco PLC - Year-end Trading Update

ElecoAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260127:nRSa4374Qa&default-theme=true

RNS Number : 4374Q  Eleco PLC  27 January 2026

RNS

Eleco plc

("Eleco", the "Group" or the "Company")

Year-end trading update

 

Strong Growth ahead of Market Forecasts, with Record Recurring Revenues

 

The Board of Eleco plc (AIM: ELCO), the specialist software provider for the
built environment, is pleased to provide a trading update for the year ended
31 December 2025, based on unaudited management accounts for the period:

 

·     Total Revenue is estimated to be ahead of prior year by 20% at
£38.8m (2024: £32.4m) and by 19% to £38.4m in constant currency terms.
Estimated organic growth was 11%, excluding acquisition effects(1).

·   Annualised Recurring Revenue(2) ("ARR") at 31 December 2025 increased
29% to c.£34.3m (£26.6m at 31 December 2024).

·    Total Recurring Revenue(3) ("TRR") increased 26% to c.£31.3m (2024:
£24.9m), representing 81% of total revenue, and 82% excluding the PEMAC
Acquisition (2024: 77% of total revenue).

·   Cash at 31 December 2025 was £16.3m (at 31 December 2024: £14.0m),
reflecting strong cash generation, outside of acquisition payments and related
costs for the PEMAC acquisition of £4.8m, and increased Interim and Final
Dividends in 2025.

·     The Group remains free of debt.

 

 

Jonathan Hunter, Chief Executive Officer of Eleco plc said:

 

Eleco delivered another year of strong performance in 2025, achieving growth
across all key metrics.  As a result, based on unaudited management accounts,
revenue, cash and anticipated adjusted profit are ahead of market forecasts.
The continued expansion of recurring revenue streams, alongside cost and cash
management, reflects the effectiveness of our strategy and the value we are
creating for customers across the built environment.

 

The integration of PEMAC has been successfully completed and has enhanced the
Group's capabilities in asset and maintenance management. Together with our
broader portfolio, we are increasingly well positioned to support customers
with scalable, best‑in‑class solutions across key stages of the building
lifecycle.

 

Early 2026 will see the release of Asta Vision Plus, a new extension to the
Asta Vision platform. The initial release introduces API-led capabilities that
provide customers with structured access to project data to enable deeper
integration with third-party systems, including specialist construction
content platforms and general large language model based AI systems.

 

Looking ahead, the structural drivers in our markets remain compelling. With
our strong balance sheet, expanding customer base and clear strategic
priorities, the Board remains confident in Eleco's prospects and its ability
to deliver sustainable growth."

 

 

(1) Revenues in 2025 include approximately eleven and a half months'
contribution from the PEMAC acquisition from date of acquisition.

(  2) ARR is defined as normalised annualised recurring revenues and includes
revenues from subscription licences, contract values of annual support and
maintenance, and SaaS contracts.  This ARR figure is calculated with the
inclusion of contributions from acquisitions as part of the Group business
going forward.

(3) TRR is defined as the recurring revenues from subscription licences,
contract values of annual support and maintenance, and SaaS contracts.

 

 

 

For further information, please contact:

 Eleco plc                                                     +44 (0)20 7422 8000
 Jonathan Hunter, Chief Executive Officer
 Neil Pritchard, Chief Financial Officer

 Cavendish Capital Markets Limited                             +44 (0)20 7220 0500
 Geoff Nash/ Seamus Fricker/ Elysia Bough (Corporate Finance)
 Louise Talbot (Sales) / Harriet Ward (ECM)

 

About Eleco plc

Eleco plc is an AIM-listed (AIM: ELCO) specialist international provider of
software and related services to the built environment through its operating
brands Elecosoft, BestOutcome, PEMAC, Vertical Digital and Veeuze from centres
of excellence in the UK, Ireland, Sweden, Germany, the Netherlands, Romania,
Australia and the USA.

The Company's software solutions are trusted by international customers and
used throughout the building lifecycle from early planning and design stages
to construction, interior fit out, asset management and facilities management
to support project management, estimation, visualisation, Building Information
Modelling (BIM) and property management.

For further information please visit www.eleco.com
(http://www.elecosoft.com/) .

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TSTAKABQFBKDDDB



            Copyright 2019 Regulatory News Service, all rights reserved