diff --git a/Ghidra/Processors/ARM/src/main/java/ghidra/app/util/bin/format/elf/relocation/ARM_ElfRelocationHandler.java b/Ghidra/Processors/ARM/src/main/java/ghidra/app/util/bin/format/elf/relocation/ARM_ElfRelocationHandler.java
index a9ae6a9561..69eb86b4a6 100644
--- a/Ghidra/Processors/ARM/src/main/java/ghidra/app/util/bin/format/elf/relocation/ARM_ElfRelocationHandler.java
+++ b/Ghidra/Processors/ARM/src/main/java/ghidra/app/util/bin/format/elf/relocation/ARM_ElfRelocationHandler.java
@@ -66,12 +66,11 @@ public class ARM_ElfRelocationHandler extends ElfRelocationHandler {
 		switch (type) {
 			case ARM_ElfRelocationConstants.R_ARM_PC24: { // Target class: ARM Instruction
 				int oldValue = memory.getInt(relocationAddress, instructionBigEndian);
-				newValue = (int) (symbolValue + addend);
-				newValue -= (offset + 8);  // PC relative, PC will be 8 bytes after inst start
-				if (isThumb) {
-					newValue |= 1;
+				if (elfRelocationContext.extractAddend()) {
+					addend = (oldValue << 8 >> 6); // extract addend and sign-extend with *4 factor
 				}
-				// is this a BLX instruction, must put the lower half word in bit24
+				newValue = (int) (symbolValue - offset + addend);
+				// if this a BLX instruction, must set bit24 to identify half-word
 				if ((oldValue & 0xf0000000) == 0xf0000000) {
 					newValue = (oldValue & 0xfe000000) | (((newValue >> 1) & 1) << 24) |
 						((newValue >> 2) & 0x00ffffff);