The Eleco Plc Board is proposing a final dividend of 0.70 pence per share (2024: 0.55 pence per share), which, with the interim dividend of 0.30 pence per share (2024: 0.25 pence per share), gives a combined total for the year of 1.00 pence per share, up 25 per cent.
Other financial highlights include:
Annualised Recurring Revenues (ARR): £26.6m (2023: £22.6m), an increase of 18%
Total Recurring Revenue (TRR): £24.9m (2023: £20.7m), an increase of 20%, representing 77% of reported revenue (2023: 74%)
Headline Total Reported Revenues: £32.4m (at constant currency £32.8m) (2023: £28.0m), an increase of 16% and 17% at constant currency
Profitability
EBITDA: £7.2m (2023: £5.8m), an increase of 24%
Profit before taxation (PBT): £4.3m (2023: £3.4m), an increase of 26%
Profit after taxation (PAT): £3.3m (2023: £2.7m), an increase of 22%
Basic earnings per share: 4.0p (2023: 3.2p), an increase of 25%
Adjusted EBITDA: £7.7m (2023: £6.1m), an increase of 26%
Adjusted profit before tax: £5.4m (2023: £4.2m), an increase of 29%
Adjusted profit after tax: £4.2m (2023: £3.3m), an increase of 27%
Adjusted basic earnings per share: 5.1p (2023: 4.0p), an increase of 28%
Cash and dividends
Cash: post M&A activity, £14.0m (2023: £10.9m). The Group remains free of debt
Free cash flow: £6.3m (2023: £3.8m), an increase of 66%
(2023: 0.55p per share), an increase of 27%
Total proposed final and interim dividends: 1.00p per share (2023: 0.80p per share), an increase of 25%
