REG - IDOX PLC - 2025 AGM Trading update

IdoxAnnouncement

31/03/2025 07:15

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RNS Number : 7851C  IDOX PLC  31 March 2025

31 March 2025

Idox plc

('Idox' or the 'Group' or the 'Company')

2025 AGM Trading update

Positive start to the current financial year

Idox plc (AIM: IDOX), a leading supplier of specialist information management
software and geospatial data solutions to the public and asset-intensive
sectors, is pleased to issue a trading update for the period from 1 November
2024 to date, ahead of today's Annual General Meeting.

 

Highlights during the period include:

·    Idox's trading over the period has been in line with the Board's
expectations for an increase in revenue and adjusted EBITDA, and a reduction
in net debt in FY25.

·    The Board's confidence in making further progress in FY25 is
underpinned by the new contract wins and extensions in the period across all
areas of the business and good future pipeline visibility.

·    We are confident that the investment we have made in people and
technology has positioned the business well to take advantage of the
significant opportunities in the geospatial sector as well as in our Land,
Property & Public Protection, Communities, and Assets divisions.

·   The Group's significant financial resources provide a solid basis for
larger, accretive, and technology enhancing acquisitions at attractive
valuations.

 

A further trading update will be issued following the half year ending 30
April 2025.

David Meaden, Chief Executive Officer, said:

"Idox has made a positive start to the year and we continue to trade in line
with the Board's expectations. Whilst remaining cognisant of the wider
political and economic uncertainties, our focus on securing high quality
recurring revenue and repeatable services provides confidence that Idox is
well positioned for further growth in FY25 and beyond. We continue to maintain
a strong balance sheet and remain confident about adding further scale to the
Group through value enhancing M&A."

 

 For further information please contact:  +44 (0) 333 011 1200

 Idox plc
 Chris Stone, Non-Executive Chairman      investorrelations@idoxgroup.com
 David Meaden, Chief Executive
 Anoop Kang, Chief Financial Officer

 Peel Hunt LLP (NOMAD and Broker)         +44 (0) 20 7418 8900
 Benjamin Cryer
 Kate Bannatyne
 Adam Telling

 MHP                                      + 44 (0) 7855 447944
 Reg Hoare                                 idox@mhpgroup.com (mailto:idox@mhpgroup.com)
 Ollie Hoare
 Matthew Taylor
 Finn Taylor

 

About Idox plc

For more information see www.idoxplc.com
(https://protect.checkpoint.com/v2/r06/___http:/www.idoxplc.com/___.ZXV3MjpuZXh0MTU6YzpvOjk3NjhmZTgxODNmMzYxN2FlM2NiYzRjZjIyNDhjNzM4Ojc6YjFhZDowMTA0MjA3YmQ2MDhkYzkzZjQxOTY1MTVkMzJmNWM0ODljYTU0NTdmYjA2NmEzZWY1NDFhNGI3ZDQxYjFjYWY0OnA6RjpU)
@Idoxgroup

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