Hercules PLC (LSE:HERC) said it has secured a place on the preferred supplier list of Balfour Beatty for power transmission and distribution work, strengthening its push into the UK energy infrastructure market.
The AIM-listed group will provide specialist labour across substations, cabling and civil engineering projects, supporting Balfour Beatty’s expanding portfolio of electricity transmission and distribution schemes.
Being added to the list formalises an existing relationship between the two companies and positions Hercules to benefit from rising investment in the power network.
Hercules’ presence in the sector has grown rapidly over the past year. In June it completed its largest acquisition to date with the purchase of Advantage NRG, a supplier of specialist linesmen for overhead transmission lines. This was followed in October by the acquisition of a 70% stake in Lyons Power Services, which provides power and energy infrastructure services in the UK and overseas.
Brusk Korkmaz, chief executive, said the appointment was “another milestone” in the group’s expansion, adding that it reflected both its relationship with Balfour Beatty and the specialist capabilities built through recent acquisitions.
The move comes as the UK faces sustained investment in electricity infrastructure to meet rising demand and long-term network upgrades over the next decade.
In a separate announcement, Hercules said it now expects to publish its final results for the year to the end of September 2025 in March rather than earlier as planned.
The AIM-listed group said the audit is well advanced but requires additional work following its high level of acquisition activity during 2025. As a result, the timetable for signing off the accounts has been extended.
Hercules said it would provide a further update on the timing of the results in due course.