Eleco Reports Strong Interim Financial Growth

Eleco (GB:ELCO) has released an update.

Eleco plc, a specialist software provider for the built environment, has reported robust interim financial results with a notable 31% increase in Annual Recurring Revenue to £25.8m and a 21% rise in total revenue to £16.3m. Profitability surged with a 30% rise in EBITDA to £3.0m and a 23% increase in profit before taxation to £1.6m. Operational highlights included the strategic acquisition of Vertical Digital, the launch of innovative software solutions, and the achievement of the Great Place to Work certification across qualifying business units.

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