ELECO PUBLIC LIMITED COMPANY - Full Year Results

Eleco Public Limited Company delivered a strong FY2025 investor update, reporting results ahead of market expectations with double-digit revenue growth, record recurring revenue and improved profitability. Annualised recurring revenue rose 29%, with recurring revenue now representing 81% of group revenue, supported by high customer retention, 110% net revenue retention and growing enterprise adoption across its built environment software portfolio. Total revenue increased 20%, while adjusted EBITDA grew 32%, reflecting operational leverage, disciplined cost control and strong gross margins of around 90%. The company ended the year with £16.3m net cash, no debt, strong free cash flow and a proposed 21% increase in the final dividend. Strategic progress included two targeted acquisitions, the disposal of a non-core visualisation business, continued investment in AI-enabled workflows, product connectivity and secure APIs. With a resilient subscription model, expanding order book visibility through deferred income, and demand for productivity, compliance, asset management and project delivery software, Eleco Public Limited Company remains well positioned for continued growth in 2026.