Year-end Trading Update

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 effects¹.

·   Annualised Recurring Revenue² (“ARR”) at 31 December 2025 increased 29% to c.£34.3m (£26.6m at 31 December 2024).

·    Total Recurring Revenue³ (“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:

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.