Hercules has reported record first-half revenue as demand across UK infrastructure markets continued to support growth across the group.
Revenue for the six months to 31 March 2026 rose 8% to £59.2 million, up from £54.6 million a year earlier. The increase was driven by activity across labour supply, civil projects, power and energy, with the company continuing to benefit from demand linked to major infrastructure programmes.
Profitability was lower as the business invested in growth. Underlying EBITDA fell to £1.7 million from £2.6 million, while underlying pre-tax profit reduced to £600,000 from £1.7 million. Hercules said the decline reflected planned investment in systems, operational improvements and costs linked to the extended FY 2025 audit process.
Hercules is growing revenue and widening its market position, but near-term profit has been held back by the cost of building a larger business. The second half will therefore be important in showing whether the group can convert higher revenue into stronger earnings.
The company said trading is usually weighted towards the second half of the year. That gives the rest of the financial year added importance, particularly as new contracts and acquisitions begin to contribute more fully.
Hercules has continued to expand through acquisitions. It took a 70% stake in Lyons Power Services, adding further exposure to the power sector. This followed the earlier acquisitions of Advantage NRG and Quality Transport Training. These deals have increased the group’s presence in energy, nuclear, training and labour supply.
The labour supply division remained a key contributor, with revenue up 5%. Activity was supported by work in rail, power and nuclear, including Sizewell C. The civil projects division also secured £14 million of new contracts since the start of FY 2026, giving the company a stronger order position as water sector investment under AMP8 begins to increase.
Advantage NRG also performed well, supporting Hercules’ move further into power and energy markets.
Hercules plc (LON:HERC) is a collaborative, innovative company delivering services of the highest standards within the Civil Engineering sector of the construction industry. Hercules Academy provides a comprehensive range of courses designed to equip individuals with the essential skills and knowledge required for a long and successful career in the construction industry.
