Hercules PLC on Tuesday said it expects full-year revenue to beat market expectations, while profit is in line with what is expected.
The Cirencester, England-based labour supply company for the UK infrastructure and construction sectors said it will report revenue of £121 million for the 12 months to the end of September, ahead of market expectations of £118.4 million.
In October, the company said it expects revenue of £118 million for the year, up 16% from the prior year.
Hercules said adjusted earnings before interest, tax, depreciation and amortisation and adjusted pretax profit remain in line with market expectations of £6.1 million and £3.3 million respectively.
The firm expects financial 2025 pretax profit of around £800,000, reflecting the net effect of non-underlying and exceptional items.
‘Many of these costs relate to strategic investment by the group undertaken to strengthen operational capability, enhance controls and scalability, and allow Hercules to capitalise on the significant long-term opportunities arising from the anticipated £725 billion of infrastructure investment across the UK,’ Hercules noted.
Hercules reported revenue of £107.0 million for the financial year to the end of September 2024, with adjusted Ebitda of £5.1 million and adjusted pretax profit of £1.3 million. Statutory pretax profit was £2.2 million.
The financial 2025 results are expected to be released in March.
Shares in Hercules were up 3.4% at 53.51 pence on Tuesday afternoon in London.
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