Hargreaves Services plc
(“Hargreaves” the “Company” or the “Group”)
Final Results for the year ended 31 May 2026
Hargreaves Services plc (AIM: HSP), a diversified group delivering services to the environmental, infrastructure and property sectors, announces its final results for the year ended 31 May 2026, a year which delivered significant revenue and EBITDA growth, increased profitability for Germany, and an increase in the proposed final dividend to 20.5p.
The Group has seen growth in revenue and profits across all three business units of Services, Land and Germany. With a strong order book in Services and promising long-term opportunities ahead, the Group is well-positioned to sustain its positive momentum. Backed by a robust, structured debt-free (excluding leases) balance sheet and a clear focus on realising and delivering value to shareholders, the Group remains in a strong strategic position.
KEY FINANCIAL RESULTS
| Year ended 31 May 2026 | 2026 | 2025 | |
| Revenue | £351.4m | £264.4m | +32.9% |
| EBITDA | £36.6m | £33.7m | +8.6% |
| Underlying Profit Before Tax (“UPBT”) | £34.0m | £17.6m | +93.2% |
| Profit from Germany (net of tax) | £6.3m | £4.1m | +53.7% |
| Profit Before Tax | £40.3m | £17.5m | +130.3% |
| Basic underlying EPS | 79.1p | 45.2p | +75.0% |
| Basic EPS | 93.3p | 44.8p | +108.3% |
| Proposed Final Dividend | 20.5p | 18.5p | +10.8% |
| Cash and cash equivalents | £21.6m | £23.3m | -7.3% |
| Net Assets | £195.4m | £194.2m | +0.6% |
HIGHLIGHTS
- Revenue up 32.9% to £351.4m (2025: £264.4m) with revenue growth across all business units.
- UPBT up 93.2% to £34.0m (2025: £17.6m), with an increase following growth in services, realisation within Land and improvement in profitability in Germany
- EBITDA increased 8.6% to £36.6m (2025: £33.7m) due to improved profitability of the Services business
- Cash receipt from HRMS of £6.6m (2025: £6.3m)
- Services business holds a strong contract portfolio, growing to over 75 term and framework contracts following several new contract wins, providing visibility of over 70% of next year’s expected revenue
- Proposed final dividend of 20.5p (2025: 18.5p) taking the full year dividend to 40.0p (2025: 37.0p), representing an increase of 8.1%
Commenting on the results, Group Chair Roger McDowell said: “The year just ended was a one of strong operational and financial performance for Hargreaves. We delivered continued progress across the Group, maintained financial discipline, and returned significant capital to shareholders through both dividends and share buybacks. With a strong balance sheet, high-quality businesses and growing opportunities in infrastructure-related markets for our Services division, we enter the new financial year well positioned to deliver further growth and long-term value for all stakeholders.“
CEO (designate) and CFO video
Please find a link to a video overview relating to the Company’s results from the Group’s Chief Executive (designate), Simon Hicks and the Chief Financial Officer, Stephen Craigen here.
Analyst briefing
A briefing open to analysts will take place today, Wednesday 29 July 2026 at 9:30 am BST. To register and for more details please contact Walbrook PR on hargreavesservices@walbrookpr.com.
Investor presentation
Gordon Banham, Group Chief Executive, Simon Hicks, Chief Executive (designate) and Stephen Craigen, Chief Financial Officer, will provide a live presentation on the Company’s results via the Investor Meet Company platform today, Wednesday 29 July 2026, at 4.30 pm BST.
The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9.00 am the day before the meeting or at any time during the live presentation.