Hercules Plc

HERC · AIM · Construction and Materials · mcap £29m · 35.5p

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Financials · LTM to 31 Mar 26

Source: results 05 Jun 26 ↗

Revenue: £126m
Operating profit: −£100k
Net income: −£700k
Free cash flow: £1.4m
Net debt: £4.3m
Market cap: £28.6m
EV / EBIT: –
FCF yield: +4.9%
Price / book: 2.4×

Latest half-year · H1 Mar 26 vs H1 Mar 25 results 05 Jun 26 ↗

Revenue: £59.2m
Operating profit: −£300k
Net income: −£700k
Cash from operations: −£2.4m

Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

As reported Key figures

Income statement Balance sheet Cash flow

Annual Half-yearly

Every line as the company printed it, newest first – each period in the latest version the company published (restated figures where a later report restated them), in its own currency and units. Italic = calculated (H2 = full year − first half). The column headings link to the announcements.

Latest report: H1 Mar 26 (six months to 31 Mar 26), published 05 Jun 26 · read the results ↗

	FY Sep 25£000 source	FY Sep 24£000 source
Continuing operations
Revenue	121,245	101,934
Cost of sales	(103,039)	(86,961)
Gross profit	18,206	14,973
Administrative expenses	(16,360)	(11,601)
Profit from operations	1,846	3,372
Finance income	163	59
Finance expense	(1,459)	(1,184)
Fair value gains	302	-
Profit before tax expense	852	2,247
Tax charge on profit	(257)	(611)
Net profit for the year	595	1,636
Discontinued operations Loss for the year	(662)	(3,307)
Total (loss) for the year	(67)	(1,671)
Earnings/(loss) per share Continuing operations All Operations 4 - basic & diluted - basic & diluted	2.55p	(2.61)p

	H1 Mar 26£m source
Continuing operations
Revenue	54.6
Cost of sales	(46.5)
Gross profit	8.1
Recurring administrative expenses	(5.5)
Adjusted EBITDA Subtotal	2.6
Depreciation	(0.6)
Amortisation & Impairment	(0.1)
Non-recurring costs	(0.1)
Major Investments	(0.2)
Loss on sale of fixed assets	-
Operating (Loss)/Profit	1.6
Fair value gains	-
Finance costs	(0.5)
(Loss)/Profit before tax	1.1
Taxation	-
Net (loss)/profit for the period	1.1
Discontinued operations
Loss for the period	(1.2)
Total (loss) for the period	(0.1)
Continuing operations
Net (loss)/profit	1.1
EPS ((loss)/earnings per share)	1.41p

	31 Mar 26£m source	30 Sep 25£000 source	30 Sep 24£000 source
Non-current assets
Tangible assets	–	7,534	7,430
Intangible Assets	–	16,523	2,322
Tangible	7.5	–	–
Intangible	16.5	–	–
Total non-current assets	24.0	24,057	9,752
Current assets
Inventories	-	34	30
Trade and other receivables	22.9	22,792	19,482
Current tax receivable	–	-	28
Cash and cash equivalents	2.7	7,247	6,393
Total current assets	25.6	30,073	25,933
Disposal group assets held for resale	–	-	11,833
Total Assets	49.6	54,130	47,518
Equity and liabilities
Share capital	0.1	79	75
Share premium	13.1	12,790	10,757
Other reserve	–	139	107
Share based payment reserve	0.1	–	–
Retained earnings	(1.5)	(814)	769
Total equity	11.8	12,194	11,708
Non-current liabilities
Deferred tax liabilities	1.9	1,943	750
Deferred contingent consideration	4.0	4,344	1,037
Loans and borrowings	–	6,000	-
Borrowings	6.0	–	–
Lease liabilities	3.7	3,985	4,057
Total non-current liabilities	15.6	16,272	5,844
Current liabilities
Trade and other payables	13.5	17,371	11,755
Borrowings	7.0	–	–
Current tax payable	0.7	1,149	-
Loans and borrowings	–	6,121	7,295
Lease liabilities	1.0	1,023	1,316
Total current liabilities	22.2	25,664	20,366
Disposal group liabilities held-for-sale	–	-	9,600
Total liabilities	37.8	41,936	35,810
Total equity and liabilities	49.6	54,130	47,518

	31 Mar 26£m source	30 Sep 25£000 source	31 Mar 25£m source	30 Sep 24£000 source
Non-current assets
Tangible assets	–	7,534	–	7,430
Intangible Assets	–	16,523	–	2,322
Tangible	7.5	–	7.5	–
Intangible	16.5	–	16.5	–
Total non-current assets	24.0	24,057	24.0	9,752
Current assets
Inventories	-	34	-	30
Trade and other receivables	22.9	22,792	22.9	19,482
Current tax receivable	–	-	–	28
Cash and cash equivalents	2.7	7,247	7.2	6,393
Total current assets	25.6	30,073	30.1	25,933
Disposal group assets held for resale	–	-	–	11,833
Total Assets	49.6	54,130	54.1	47,518
Equity and liabilities
Share capital	0.1	79	0.1	75
Share premium	13.1	12,790	12.8	10,757
Other reserve	–	139	–	107
Share based payment reserve	0.1	–	0.1	–
Retained earnings	(1.5)	(814)	(0.8)	769
Total equity	11.8	12,194	12.2	11,708
Non-current liabilities
Deferred tax liabilities	1.9	1,943	1.9	750
Deferred contingent consideration	4.0	4,344	4.3	1,037
Loans and borrowings	–	6,000	–	-
Borrowings	6.0	–	6.0	–
Lease liabilities	3.7	3,985	4.0	4,057
Total non-current liabilities	15.6	16,272	16.2	5,844
Current liabilities
Trade and other payables	13.5	17,371	17.4	11,755
Borrowings	7.0	–	6.1	–
Current tax payable	0.7	1,149	1.2	-
Loans and borrowings	–	6,121	–	7,295
Lease liabilities	1.0	1,023	1.0	1,316
Total current liabilities	22.2	25,664	25.7	20,366
Disposal group liabilities held-for-sale	–	-	–	9,600
Total liabilities	37.8	41,936	41.9	35,810
Total equity and liabilities	49.6	54,130	54.1	47,518

	FY Sep 25£000 source	FY Sep 24£000 source
Cash flows from operating activities:
Profit after taxation on continuing operations	595	1,636
Taxation credit	257	611
Finance income	(163)	(59)
Finance costs	1,459	1,184
Share based payment charge	32	38
Depreciation of property plant and equipment	1,022	941
Impairment of intangible assets	595	-
Amortisation of intangible assets	294	33
Loss on disposal of tangible assets	41	201
Fair value gain	(302)	-
Tax received	28	-
Increase in inventories	(4)	(4)
Decrease in trade and other receivables	1,441	1,408
Increase in trade and other payables and provisions	2,313	1,481
Net operating cashflows generated from continuing operations	7,608	7,470
Net operating cashflows (used in)/generated from discontinued operations	543	(1,396)
Net cashflow generated from operating activities	8,151	6,074
Cash flows from investing activities
Purchase of tangible assets	(235)	(327)
Proceeds from disposal of tangible assets	359	119
Acquisition of subsidiaries (net of cash acquired)	(11,786)	(1,188)
Acquisition of business (trade and assets)	(100)	-
Interest received	163	59
Net investing cashflows used in continuing operations	(11,599)	(1,337)
Net investing cashflows (used in)/generated from discontinued operations	1,755	(76)
Net cashflow used in investing activities	(9,844)	(1,413)
Cash flows from financing activities
Payment of lease liabilities	(1,431)	(1,522)
Interest paid	(1,034)	(934)
Net cash flows to invoice discounting facility	(1,174)	(2,665)
Loans received	6,000	-
Dividends paid	(1,369)	(1,091)
Net proceeds from issues of shares	2,037	5,773
Net financing cashflows generated from/(used in) continuing operations	3,029	(439)
Net investing cashflows (used in) discontinued operations	(482)	(1,679)
Net cashflows generated from/(used in) financing activities	2,547	(2,118)
Net increase in cash and cash equivalents	854	2,543
Cash and cash equivalents at the start of the year	6,393	4,151
Cash and cash equivalents at the end of the year	7,247	6,694
Cash in discontinued operations	-	(301)
Cash and cash equivalents in continuing operations at end of year	7,247	6,393
COMPANY STATEMENT OF CASH FLOWS
Year ended 30 September Year ended 30 September
Note	2025	2024
Total year ended 30 September Year ended 30 September	£000	£000
Cash flows from operating activities
Loss after taxation	(998)	(1,126)
Taxation (credit)/charge	(213)	725
Finance income	(159)	(59)
Finance costs	1,168	1,095
Share based payment charge	32	38
Depreciation of property plant and equipment	813	767
Impairment in investments in subsidiaries	668	-
Loss/(profit) on disposal of Tangible assets	39	(223)
Fair value loss	1,320	-
Tax received	28	-
Increase in inventories	(4)	-
Decrease in trade and other receivables	2,586	1,404
(Decrease)/increase in trade and other payables and provisions	(56)	1,400
Net cashflow generated from operating activities	5,224	4,017
Cash flows from investing activities
Purchase of tangible assets	(229)	(394)
Proceeds from disposal of tangible assets	160	530
Acquisition of subsidiaries (net of cash acquired)	(11,786)	(2,037)
Acquisition of business (trade and assets)	(100)	-
Proceeds on disposal of investments	1,924	-
Interest received	159	59
Net cashflow used in investing activities	(9,872)	(1,842)
Cash flows from financing activities
Payment of lease liabilities	(1,215)	(1,259)
Interest paid	(1,034)	(921)
Net cash flows to invoice discounting facility	(1,174)	(2,665)
Loans received	6,000	-
Dividends paid	(1,369)	(1,091)
Net proceeds from issues of shares	2,037	5,773
Net cashflow generated from/(used in) financing activities	3,245	(163)
Net (decrease)/increase in cash and cash equivalents	(1,403)	2,012
Cash and cash equivalents at the start of the year	6,163	4,151
Cash and cash equivalents at the end of the year	4,760	6,163

	H1 Mar 26£m source
Cash flows from operating activities:
(Loss)/Profit for the period	(0.1)
Taxation charge	-
Finance costs	0.5
Depreciation	0.6
Amortisation of intangibles	0.3
Amortisation of goodwill	0.6
Fair value gain	(0.3)
Loss on disposal of property, plant & equipment	0.8
Decrease in trade and other receivables	0.1
Decrease/(increase) in payables	(0.2)
(Increase) in inventories	-
Net cash from continuing operations	1.7
Net cash generated from discontinued operations	0.6
Net cash (absorbed by)/generated from operating activities	2.3
Cash flows from investing activities
Purchase of property, plant and equipment	(1.2)
Net proceeds on disposal of property, plant and equipment	1.9
Acquisition of subsidiaries	-
Interest received	0.1
Net investing cashflows generated from/(used in) continuing operations	0.8
Net investing cashflows used in discontinued operations	(0.1)
Net cash generated from/(used in) investing activities	0.7
Cash flows from financing activities
Interest paid	(0.8)
Dividends paid	(0.9)
Payment of lease liabilities	(0.1)
Loans received	6.0
Net cash flows (to)/from invoice discounting facility	0.7
Net proceeds from issues of shares	2.0
Net financing cashflows generated from/(used in) continuing operations	0.9
Net financing cashflows used in discontinued operations	(0.8)
Net cashflows generated from/(used in) financing activities	0.1
Net increase/(decrease) in cash and equivalents	3.1
Cash and equivalents at start of the period	6.7
Cash and equivalents at end of the period	9.8
Cash and equivalents in discontinued operations	-
Cash and equivalents in continuing operations at end of period	9.8
Notes
1. Notes to the Financial Information
Basis of preparation & accounting policies
Going Concern assumption
Information extracted from the Company's 2025 Annual Report
2. Earnings per share
3. Significant Capital Purchases
4. Share capital
80,585,543 ordinary shares were in issue as of 31 March 2026 (31 March 2025	79,619,628)

	LTM Mar 26	FY Sep 25	FY Sep 24
Revenue to operating profit
Revenue	125.8	121.2	101.9
Gross profit	19.0	18.2	15.0
Adjusted EBITDA	5.5	6.4	4.7
Operating profit	(0.1)	1.8	3.4
Depreciation (owned assets)	–	1.0	0.9
Amortisation	–	0.3	0.0
Share-based payments	–	0.0	0.0
Operating profit to net income
Fair value gains / losses	0.4	0.3	–
Finance costs	(1.3)	(1.3)^r	(1.2)
Profit before tax	(1.0)	0.8^r	2.2
Tax	(0.2)	(0.2)^r	(0.6)
Net income (owners)	(0.7)	(0.1)	(1.7)
Discontinued operations	0.5	(0.7)	(3.3)
Per share
EPS basic	(1.5p)	0.8p	–
Dividend per share	–	–	112.0p

	H1 Mar 26	vs H1 Mar 25	H2 Sep 25	H1 Mar 25
Revenue to operating profit
Revenue	59.2	+8%	66.6	54.6
Gross profit	8.9	+10%	10.1	8.1
Adjusted EBITDA	1.7	−35%	3.8	2.6
Operating profit	(0.3)	n/m	0.2	1.6
Operating profit to net income
Fair value gains / losses	0.1	n/m	0.3	0.0
Finance costs	(0.5)	0%	(0.8)	(0.5)
Profit before tax	(0.7)	n/m	(0.3)	1.1
Tax	0.0	n/m	(0.2)	0.0
Net income (owners)	(0.7)	n/m	0.0	(0.1)
Discontinued operations	0.0	n/m	0.5	(1.2)
Per share
EPS basic	(0.9p)	–	(0.7p)	1.4p

	LTM Mar 26	FY Sep 25	FY Sep 24
Operating activities
Cash from operations	3.4	8.1^r	6.1
Interest paid	(0.9)	(1.0)	(0.9)
Investing activities
Capex (PP&E)	0.4	(0.2)	(0.3)
Financing activities
Lease principal paid	(1.6)	(1.4)	(1.5)
Dividends paid	(0.5)	(1.4)	(1.1)
Shares issued	0.0	2.0	5.8

	H1 Mar 26	vs H1 Mar 25	H2 Sep 25	H1 Mar 25
Operating activities
Cash from operations	(2.4)	n/m	5.8	2.3
Interest paid	(0.7)	−12%	(0.2)	(0.8)
Investing activities
Capex (PP&E)	(0.6)	−50%	1.0	(1.2)
Financing activities
Lease principal paid	(0.3)	+200%	(1.3)	(0.1)
Dividends paid	0.0	n/m	(0.5)	(0.9)
Shares issued	0.0	n/m	0.0	2.0

	31 Mar 26	30 Sep 25	30 Sep 24
Non-current assets
Other intangibles	16.5	16.5	2.3
Property, plant & equipment	7.5	7.5	7.4
Non-current assets	24.0	24.0	21.6
Current assets
Inventories	–	0.0	0.0
Trade receivables	22.9	22.9	19.5
Cash	2.7	7.2	6.4
Current assets	25.6	30.1	25.9
Total assets	49.6	54.1	47.5
Current liabilities
Trade payables	13.5	17.4	11.8
Borrowings, current	7.0	6.1	7.3
Lease liabilities, current	1.0	1.0	1.3
Current liabilities	22.2	25.7	20.4
Non-current liabilities
Borrowings, non-current	–	6.0	–
Lease liabilities, non-current	3.7	4.0	4.1
Deferred consideration	4.0	4.3	1.0
Non-current liabilities	15.6	16.2	15.4
Total liabilities	37.8	41.9	35.8
Equity
Total equity	11.8	12.2	11.7
Net cash and other figures
Net cash / (debt) incl. leases	–	(9.9)	(6.3)

	31 Mar 26	30 Sep 25	31 Mar 25	30 Sep 24
Non-current assets
Other intangibles	16.5	16.5	2.2	2.3
Property, plant & equipment	7.5	7.5	7.9	7.4
Non-current assets	24.0	24.0	10.1	21.6
Current assets
Inventories	–	0.0	–	0.0
Trade receivables	22.9	22.9	22.1	19.5
Cash	2.7	7.2	9.8	6.4
Current assets	25.6	30.1	31.9	25.9
Total assets	49.6	54.1	42.0	47.5
Current liabilities
Trade payables	13.5	17.4	12.7	11.8
Borrowings, current	7.0	6.1	8.9	7.3
Lease liabilities, current	1.0	1.0	4.7	1.3
Current liabilities	22.2	25.7	26.3	20.4
Non-current liabilities
Borrowings, non-current	–	6.0	–	–
Lease liabilities, non-current	3.7	4.0	0.7	4.1
Deferred consideration	4.0	4.3	1.0	1.0
Non-current liabilities	15.6	16.2	2.4	15.4
Total liabilities	37.8	41.9	28.7	35.8
Equity
Total equity	11.8	12.2	13.3	11.7
Net cash and other figures
Net cash / (debt) incl. leases	–	(9.9)	–	(6.3)

Read automatically from each results announcement. Check the source before relying on a figure.

Company filings. Not investment advice.