Trading Update

(AIM:ELCO) Eleco plc reported a trading update for the six months ended 30 June 2026, highlighting an increase in Annualised Recurring Revenue (ARR) to c.£35.5m, up 16% from £30.7m at 30 June 2025. Organic ARR increased approximately 23% to c.£34.7m (H1 2025: £28.3m), and Total Recurring Revenue (TRR) rose by 14% to c.£16.9m (H1 2025: £14.8m), representing 85% of total revenue. Headline total revenue for the period increased by 8% to c.£19.9m (H1 2025: £18.4m), with organic total revenue up 15%. Cash at 30 June 2026 was £15.4m, compared to £12.2m at 30 June 2025 and £16.3m at 31 December 2025, with acquisition payments, dividends, and other non-operational costs totaling £5.5m. The Group remains free of debt and disposed of its non-core Veeuze operation during the period. The company projects full year 2026 results in line with market expectations.

Elecosoft Public Limited Company