REG - Hargreaves Servs PLC - AGM Statement and Notice of Interim Results

Hargreaves ServicesAnnouncement

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RNS Number : 1738F  Hargreaves Services PLC  29 October 2025

 

Hargreaves Services plc

("Hargreaves", the "Company" or the "Group")

 

AGM Statement and Notice of Interim Results

 

Hargreaves Services plc (AIM: HSP), a diversified group delivering services
to the environmental, infrastructure and property sectors will hold its Annual
General Meeting ("AGM") at 11am today at Hotel Indigo, Durham, DH1 3HP. Ahead
of the AGM, the Group's Chair, Roger McDowell, has issued the following
statement:

 

"The Board are pleased to confirm that all three business units; Services,
Hargreaves Land and HRMS, have performed in line with expectations throughout
the first four months of the year.

 

"The positive momentum in the infrastructure sector has continued into the
current financial year benefitting our Services business. Work continues on
the major projects at HS2 and Sizewell C Nuclear Power Station where the Group
is utilising its broad skill set to bring these critical infrastructure
projects to life. With over 70 term and framework contracts the Services
business remains focused on the responsible growth of the contract book
through targeting and successfully securing high-quality, robust contracts in
areas where the Group can bring real value to our clients.

 

"Hargreaves Land has completed the first sale of its renewable energy land
assets, which is a key milestone in the business illustrating the intrinsic
value of the land and demonstrating our commitment to realising value from
these developments. Additionally, the business has completed the sale of a 16
acre plot at the Blindwells development for total consideration of £11.5m in
the first half.

 

"Trading at HRMS has remained stable despite the continued challenges with the
German economy. Operations at the DK steel waste recycling facility remain in
line with expectations.

 

"The Board remains confident in delivering full year results in line with
market expectations.*"

 

A brief presentation will be delivered at the AGM by CEO, Gordon Banham. No
new information will be disclosed and a copy of the presentation will be
available on the Company's website later today here.
(https://www.hsgplc.co.uk/investors/news-reports-and-presentations/)

 

Notice of interim results

The Board expects to provide a further trading update in December 2025 prior
to the announcement of the Group's interim results for the six months ending
30 November 2025 on Wednesday 28 January 2026.

 

*The Company considers consensus market expectations prior to the release of
this announcement for the year ending 31 May 2026 to be revenue of £270.9m,
PBT of £24.2m, EPS of 59.1p and cash of £32.7m.

 

 

For further details:

 

 Hargreaves Services                                                www.hsgplc.co.uk (http://www.hsgplc.co.uk)

 Gordon Banham, Chief Executive Officer                             Tel: 0191 373 4485

 Stephen Craigen, Chief Financial Officer

 Simon Hicks, Chief Operating Officer

 Walbrook PR (Financial PR & IR)      Tel: 020 7933 8780 or hargreavesservices@walbrookpr.com

                                    (mailto:hargreavesservices@walbrookpr.com)
 Paul McManus, Lianne Applegarth

                                    Mob: 07980 541 893 / 07584 391 303
 Joe Walker

                                    07407 020 470

 Singer Capital Markets (Nomad and Corporate Broker)                Tel: 020 7496 3000

 Sara Hale, Phil Davies, Sam Butcher

 Cavendish Capital Markets Ltd (Joint Corporate Broker)             Tel: 020 7220 0500

 Katy Birkin - Corporate Finance

 Jasper Berry / Tim Redfern - Sales / ECM

 

 

About Hargreaves Services plc (https://www.hsgplc.co.uk/
(https://www.hsgplc.co.uk/) )

Hargreaves Services plc is a diversified group delivering services to the
environmental, industrial and property sectors, supporting key industries
within the UK and South East Asia. The Company's three business segments are
Services, Hargreaves Land and an investment in a German joint venture,
Hargreaves Raw Materials Services GmbH ("HRMS"). Services provides critical
support to many core industries including Energy, Environmental, UK
Infrastructure and certain manufacturing industries through the provision of
materials handling, mechanical and electrical contracting services, logistics
and major earthworks. Hargreaves Land is focused on the sustainable
development of brownfield sites for both residential and commercial purposes.
HRMS trades in specialist commodity markets and owns DK Recycling, a
specialist recycler of steel waste material. Hargreaves is headquartered in
County Durham and has operational centres across the UK, as well as in Hong
Kong and a joint venture in Duisburg, Germany.

 

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