Eleco’s AGM update highlights continued delivery of the growth strategy in the first four months of FY26, confidence in the outlook, and trading in line with market expectations, which leads us to reiterate FY26E and FY27E forecasts. After FY25 recurring revenue growth of +26% YoY or +18% organically to £31.3m, and net revenue retention increasing to 110% from 109% in FY24, today’s update confirms continued progress in the group’s business performance, and that Eleco is well positioned for the f ....
