Eleco plc (LSE:ELCO) announced robust interim results for the first half of 2025, delivering a 19% increase in Annualised Recurring Revenue and a 23% rise in Total Recurring Revenue. The company achieved record levels of recurring revenue, alongside higher profitability and stronger market presence, supported by strategic acquisitions.
A key highlight was the integration of PMI Software Ltd (PEMAC), which has enhanced Eleco’s CMMS capabilities while broadening both its customer base and international reach. Despite ongoing geopolitical and macroeconomic headwinds, Eleco’s resilient business model and disciplined execution continue to underpin its growth trajectory, with improved operational gearing and stronger shareholder returns.
Looking ahead, the company’s outlook is supported by its strong financial profile, marked by consistent revenue expansion and profitability. However, technical indicators point to potential short-term weakness, and the elevated P/E ratio suggests the shares may be trading at a premium. With no recent earnings calls or corporate events, these factors currently have no impact on the assessment.
About Eleco
Eleco plc is an AIM-listed international software and services provider focused on the built environment. Its portfolio includes brands such as Elecosoft, BestOutcome, PEMAC, Vertical Digital, and Veeuze, with operations spanning the UK, Ireland, Sweden, Germany, the Netherlands, Romania, Australia, and the USA. Eleco’s solutions are applied throughout the building lifecycle, covering project management, estimation, visualization, Building Information Modelling (BIM), and property management.
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