IN BRIEF: Eleco confident in 2025 outlook after progress to date

Eleco PLC - London-based software provider focused on the construction and built environment sectors - Says it is ‘pleased’ with the group’s progress during the first four months of 2025, despite ‘the backdrop of ongoing political and market uncertainty’. ‘Underlying demand for Eleco’s products remains resilient, driven by the construction industry’s continued shift toward sustainability, digitisation of the built environment, and productivity enhancements,’ says Non-Executive Chair Mark Castle, in a statement planned for Eleco’s annual general meeting on Tuesday.

Eleco says it remains confident in its outlook and says trading has been in line with full-year market expectations. Cavendish forecasts £39.6 million in revenue for 2025, up 22% from £32.4 million in 2024. The broker also forecasts £6.8 million in adjusted pretax profit, 26% higher than £5.4 million in 2024.

Current stock price: 158.20 pence, down 3.2% in London on Tuesday morning

12-month change: up 33%

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