Hercules suspension lifted as revenue rises but profit falls

(Alliance News) - Hercules PLC on Friday reported higher revenue but lower profit for its 2025 financial year, as administrative expenses rose, but said sales climbed in the first half of the new year.

The Cirencester, England-based labour supply company for the UK infrastructure and construction sectors said pretax profit fell 62% to GBP852,000 in the 12 months to the end of September 2025 from GBP2.2 million a year earlier.

However, revenue increased 19% to GBP121.2 million from GBP101.9 million.

Following the publication of its financial 2025 annual report, the suspension of Hercules shares from trading on the AIM market was lifted.

Cost of sales grew 18% to GBP103.0 million from GBP87.0 million and administrative expenses jumped 41% to GBP16.4 million from GBP11.6 million.

The fall in statutory pretax profit reflected amortisation of acquisition-related intangibles, all share-based charges and exceptional acquisition related items, IT system implementation costs and business development expenditure, Hercules said.

Hercules said no final dividend will be paid for financial 2025, due to its continuing acquisition activity and investments into systems to support growth. This compared to a 1.12 pence per share dividend a year earlier.

"We have significantly expanded our operational capabilities across our labour supply and construction services businesses during the period, and our underlying performance in [financial 2025] reflects this. We have been investing in our IT systems and acquired new expertise, adding to the long-term durability of our business," said Chief Executive Officer Brusk Korkmaz.

"Growing our business rapidly both organically and through acquisitions to achieve revenue of over GBP120 million in [financial 2025] is a fantastic achievement but has placed strains on our systems and controls which has led to a thorough review of our internal processes. Going forward we are confident that we now have in place robust procedures across the group to handle our future needs as we drive the business forward."

For the first half of the new financial year, Hercules said revenue increased 8.4% to GBP59.2 million from GBP54.6 million.

This includes the impact of the recently acquired Advantage NRG business, where revenue is heavily weighted to the second half of the year.

The firm will announce its interim results in mid-June.

Shares in Hercules were up 2.9% at 35.50p at midday on Friday in London.

By Michael Hennessey, Alliance News reporter

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