HARGREAVES SERVICES PLC - Final Results

Hargreaves Services PLC reported strong FY26 financial results, delivering robust company performance driven by growth across its services business, strategic land portfolio, and German joint venture. Revenue from services increased 35 percent while maintaining margins of around 6 percent, supported by major infrastructure projects including HS2, Sizewell, Lower Thames Crossing, and water sector contracts. Profit before tax reached £40 million, EBITDA increased 8.6 percent, and the company ended the year with a strong cash position of £21.6 million despite returning £32.6 million to shareholders through dividends and a tender offer. The investor update highlighted a healthy order book with 70 percent of FY27 revenue already secured, continued progress in reducing capital employed within the land business, renewable asset sales, and advancement of the Blindwells development. Management also outlined growth opportunities through strategic land promotion, waste management, infrastructure investment, and the zinc recycling project in Germany, which is expected to create significant long term value. The presentation reaffirmed confidence in the company growth strategy, strong balance sheet, disciplined capital allocation, and sustainable earnings supported by long term contracts, recurring cash generation, and expanding infrastructure demand.