Hercules plc said it expects to report full-year results ahead of market expectations for the year ended 30 September 2026, supported by growth across its business divisions.
The UK power and infrastructure services group said revenue is expected to exceed £130 million, up about 7.3% from £121.2 million a year earlier and above market expectations of £127 million.
Performance ahead of forecasts
Hercules said it expects to deliver a financial performance ahead of current market expectations on revenue, underlying EBITDA and statutory profit before tax.
Market expectations were for revenue of £127 million, underlying EBITDA of £4.1 million and a statutory PBT loss of £1.6 million.
The company said the stronger performance reflects its increasing diversification, continued investment across UK infrastructure markets and stronger customer relationships.
Division updates
Hercules said it has made progress across Labour Supply, Construction Services and Power & Energy Services, with more collaboration and cross-selling between divisions.
Its Labour Supply division continued to perform strongly, with the number of clients rising 10% year on year. White-collar recruitment revenue increased by about 35%, supported by new contract wins across civil engineering, infrastructure and energy.
The company said it maintained its position supplying operatives to the Birmingham section of the HS2 route to London, while also expanding into power, utilities and civil engineering.
In Power & Energy Services, Hercules said the business, formally established in August 2026 following the acquisition of Advantage NRG in the previous year, secured several multi-million-pound work packages during FY26. Revenue in that division rose about 11% year on year, while the number of operatives increased 5.7%.
Construction Services also continued to build momentum. Civil Projects is expected to deliver a record year, with revenue up about 25% from FY25, helped by activity in the UK water sector and the AMP8 investment programme.
Hercules Academy expanded its training and workforce development activity, while Lyons Power Services reported revenue growth of about 22% in its first year inside the group.
Outlook
Chief executive Brusk Korkmaz said FY26 had been another year of significant progress and that Hercules expected to deliver ahead of market expectations across its key measures.
He added that the group enters FY27 with a growing pipeline, strengthened capabilities and a more diversified business, and said major investment programmes in water, power and energy are increasingly moving into delivery.
Hercules said it remains focused on operational efficiency, disciplined cost control, stronger margins and improved cash generation.
