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Idox plc ( (GB:IDOX) ) has issued an update.
Idox plc has reported a positive start to the current financial year, with trading aligning with the Board’s expectations for increased revenue and adjusted EBITDA, alongside a reduction in net debt for FY25. The company has secured new contracts and extensions across all business areas, bolstering confidence in future growth. The firm’s strong financial resources position it well for potential acquisitions, while its focus on high-quality recurring revenue and repeatable services supports its growth strategy amidst economic uncertainties.
More about Idox plc
Idox plc is a leading provider of specialist information management software and geospatial data solutions, catering primarily to the public and asset-intensive sectors.
YTD Price Performance: -9.38%
Average Trading Volume: 631,393
Technical Sentiment Signal: Buy
Current Market Cap: £264.5M
See more data about IDOX stock on TipRanks’ Stock Analysis page.