Business
Trading Update and Notice of Interim Results
Hargreaves Services plc anticipates reporting strong interim results for the six months ending November 30, 2025, with expected growth in revenue and profit before tax across all three segments. The Services business unit shows steady revenue growth, particularly in infrastructure projects, and maintains good revenue visibility with blue-chip customers. Hargreaves Land has performed well, completing the first tranche sale of renewable energy land assets and a significant sale at its Blindwells development. The Group's cash position has increased to £37.3 million as of November 30, 2025, up from £15.7 million in the prior year, reflecting asset sales and positive trading in the Services business, while leasing debt stands at approximately £43.2 million. The company remains confident in delivering full-year results in line with market expectations. Disclaimer*
About this update from Hargreaves Services Plc
[{"type":"text","content":"\n\n \nHargreaves Services plc\n(\"Hargreaves\", the \"Company\" or the \"Group\")\n \nTrading Update and Notice of Interim Results\n \nHargreaves Services plc (AIM: HSP), a diversified group delivering services to the environmental, infrastructure and property sectors, provides the following trading update ahead of reporting its interim results for the six months ended 30 November 2025.\n \nThe Board expects to report another strong set of results for the period with growth in both revenue and profit before tax.\n \nRevenue improvements are expected within both Services and Hargreaves Land with profit before tax up across all three segments against the comparative period. The Board remains confident of delivering full year results in line with market expectations*.\n \nThe Services business unit has continued to see steady growth in its revenue, with activities growing on some of the major infrastructure projects. Focus remains on growing a robust and sustainable contract base into the infrastructure space. The Services business has seen strong performance across its target markets of Connectivity, Clean Energy and Environmental services in the last six months. The business remains resilient with good revenue visibility supported by a strong and growing contract base with blue-chip customers.\n \nHargreaves Land has had a strong first half, which has seen the sale of the first tranche of the Group's renewable energy land assets. This marks a significant step forward in the Group's strategy to first create and then realise value from these assets. Furthermore, Hargreaves Land completed a material sale at its Blindwells development outside of Edinburgh which has led to an improvement in the expected result for the first half over the comparative period.\n \nThe Group's joint venture, HRMS, has continued to trade steadily across the first six months of the year. The performance of the DK Recycling business has been satisfactory for the period across an economic environment that has continued to be challenging.\n \nOn 30 November 2025 the Group held cash of £37.3m (Nov 2024: £15.7m), this increase in cash is reflective of the completion of the first tranche of the renewable energy land assets, sales within Hargreaves Land and ongoing positive trading within the Services business. Th...