UK's Hercules Site Services reports H1 interim revenue rise

Hercules

05/06/2026 10:17

Overview
UK construction services group's interim H1 revenue rose 8% yr/yr to £59.2 mln
Adjusted EBITDA fell due to investment in technology and integration costs
Company reported a net loss
Co said no interim dividend in FY 2026

Outlook
Company says performance is typically weighted towards H2, expects stronger activity ahead
Hercules sees strong UK infrastructure investment supporting growth in nuclear and power sectors
Company expects AMP8 water sector investment to drive increased project flow in H2 2026 and beyond

Result Drivers
TECHNOLOGY & INTEGRATION COSTS - Co said lower profitability reflected planned investment in technology upgrades, integration costs from acquisitions, and higher professional fees
PROJECT DELAYS & NIC INCREASE - Delays in large infrastructure project starts and higher employer NIC affected margins and administrative expenses
LABOUR SUPPLY & CONTRACT WINS - Revenue growth was driven by increased activity in Labour Supply and new project contracts in Civil Projects

Company press release: ID:nRSE2158Ha

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
GBP 59.20 mln
 
H1 Net Income
 
-GBP 700,000
 
H1 Adjusted EBITDA
 
GBP 1.70 mln
 
H1 EBIT
 
-GBP 300,000
 
H1 Gross Profit
 
GBP 8.90 mln
 
H1 Pretax Profit
 
-GBP 700,000
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the employment services peer group is "buy"
Wall Street's median 12-month price target for Hercules PLC is GBp60.00, about 106.9% above its June 4 closing price of GBp29.00

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)