17th Jun 2025 11:54
(Alliance News) - Hercules PLC on Tuesday said it had delivered record revenue during the first half of its current financial year, and that it remains on track to achieve further growth in its second half.
The Cirencester, England-based labour supply company for the UK infrastructure and construction sectors said pretax profit was GBP1.1 million in the six months that ended March 31, rising 22% from GBP900,000 the year before.
Revenue grew 18% to GBP54.6 million from GBP46.2 million, while recurring administrative expenses increased 6.1% to GBP5.2 million from GBP4.9 million.
Adjusted earnings before interest, tax, depreciation and amortisation improved 24% to GBP2.6 million from GBP2.1 million.
The firm noted its full-year performance is typically weighted towards its second half.
"Hercules is going from strength to strength, achieving further growth in the first half of FY 2025. We delivered record revenue and increased pretax profit and adjusted Ebitda versus the same period last year, demonstrating clear evidence of our progress," said Chief Executive Officer Brusk Korkmaz.
"During the period, we increased our supply of skilled operatives across key infrastructure projects, such as Sizewell C, while securing new labour supply frameworks that will support our long-term growth.
"Our progress is a testament to the strength of our management team, whose ambition and focus is driving the business forward. Progress we expect to continue as the UK carries out substantial construction and infrastructure upgrades within the nuclear, power and energy distribution, aviation, water, and rail sectors."
Hercules declared an interim dividend of 0.6 pence per share, unchanged on-year.
Shares in Hercules were up 2.1% at 48.00 pence each in London on Tuesday morning. The stock is up 18% over the past year.
CEO Korkmaz continued: "With solid operational momentum, a healthy pipeline, and a positive outlook across the infrastructure sector, we remain confident in meeting market expectations for the full year."
By Emily Parsons, Alliance News reporter
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