Business
Preliminary Results for the year ended 31 May '25
Preliminary Results for the year ended 31 May '25.
About this update from Hargreaves Services Plc
[{"type":"text","content":"\n\nHargreaves Services plc\n(\"Hargreaves\", the \"Company\", or the \"Group\")\n \nPreliminary Results for the year ended 31 May 2025\n \nHargreaves Services plc (AIM: HSP), a diversified group delivering services to the industrial and property sectors, announces its preliminary results for the year ended 31 May 2025, a year which delivered significant double-digit revenue and EBITDA growth, a return to profitability for HRMS, and an increase in the proposed final dividend to 18.5p.\n \nThe Group has delivered a strong performance in Services and experienced a significant improvement in the HRMS joint venture. Despite the decrease in profits reported in Hargreaves Land, largely as a result of an exceptionally strong prior year, revenue increased following higher sales activity within the Group's largest project, Blindwells. 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, debt-free balance sheet and a clear focus on realising and delivering value to shareholders, the Group remains in a strong strategic position.\n \nKEY FINANCIAL RESULTS\n \n\n\n\n\nYear ended 31 May 2025\n\n\n2025\n\n\n2024\n\n\n\n\n\n\n\nRevenue\n\n\n£264.4m\n\n\n£211.1m\n\n\n+25.2%\n\n\n\n\nEBITDA*\n\n\n£33.7m\n\n\n£26.1m\n\n\n+29.1%\n\n\n\n\nUnderlying Profit Before Tax (\"UPBT\")*\n\n\n£17.6m\n\n\n£16.9m\n\n\n+4.1%\n\n\n\n\nShare of profit from HRMS (net of tax)\n\n\n£4.1m\n\n\n£1.3m\n\n\n+215.4%\n\n\n\n\nProfit Before Tax\n\n\n£17.5m\n\n\n£16.7m\n\n\n+4.8%\n\n\n\n\nBasic underlying EPS*\n\n\n45.2p\n\n\n38.2p\n\n\n+18.3%\n\n\n\n\nBasic EPS\n\n\n44.8p\n\n\n37.8p\n\n\n+18.5%\n\n\n\n\nProposed Final Dividend\n\n\n18.5p\n\n\n18.0p\n\n\n+2.8%\n\n\n\n\nCash and cash equivalents\n\n\n£23.3m\n\n\n£22.7m\n\n\n+2.6%\n\n\n\n\nNet Assets\n\n\n£194.2m\n\n\n£192.1m\n\n\n+1.1%\n\n\n\n\n \nHIGHLIGHTS\n· UPBT up 4.1% to £17.6m (2024: £16.9m), with an increase following growth in services and improvement in profitability in HRMS, somewhat offset by a reduction in profit in Hargreaves Land\n· EBITDA increased 29.1% to £33.7m (2024: £26.1m) due to improved profitability of the Services business\n· Cash receipt from HRMS of £6.3m (2024: £7.8m)\n· Services b...