Hercules Site Services PLC (AIM:HERC) has said it expects revenues to top £54 million for the six months to the end of March, marking a 17% rise from the same period last year as government-backed infrastructure work continues to drive demand.
The AIM-listed company, which supplies labour to major UK construction and infrastructure projects, said trading for the first half of its financial year was in line with market expectations.
Revenue from continuing operations for the same period in 2024 stood at £46.2 million.
The growth, according to Hercules, has been fuelled by sustained momentum across key infrastructure sites and supported by the government’s continued investment in sectors such as transport, energy and utilities.
“We are delighted with the progress made in the first half of the financial year,” said Brusk Korkmaz, chief executive of Hercules. “We have delivered another period of good revenue growth, supported by a strong operational performance.”
Korkmaz added that tender enquiries had risen sharply during the second quarter and into the third, across sectors including water, highways, rail, power, oil and gas, and energy. He said this reflected “growing confidence in UK infrastructure investment”.
The company highlighted opportunities tied to the next phase of the water industry’s capital investment programme, known as AMP8, which has been approved by the regulator Ofwat.
The programme will see £104 billion invested in UK water infrastructure, and Hercules said it is “well-positioned” to benefit, particularly through its civil projects and labour supply divisions.
Hercules plans to publish its interim results in mid-June.