Hargreaves Services plc (LSE:HSP) has announced that it expects both revenue and pre-tax profit for the fiscal year ended 31 May 2025 to surpass current market forecasts. The positive outlook is largely driven by strong performance in its core Services division and continued profitability growth from its German joint venture, Hargreaves Raw Materials Services (HRMS).

In the UK, the Services segment has benefited from securing new contracts, particularly in large-scale earthmoving operations, and ongoing progress on major infrastructure projects, including HS2 and Sizewell C. Meanwhile, HRMS has delivered robust financial results thanks to increased efficiencies and improved returns from its steel waste recycling activities.

Financially, Hargreaves remains in a strong position, reporting cash reserves of £23.3 million and minimal net debt. This solid foundation provides the company with flexibility to pursue future opportunities and invest in long-term growth.

Market indicators remain favorable, with the company’s shares trading at attractive valuation levels and supported by a solid dividend yield. Combined with a healthy balance sheet and strong project pipeline, recent developments enhance confidence in Hargreaves’ strategic trajectory.

About Hargreaves Services plc

Headquartered in County Durham, Hargreaves Services is a diversified industrial group operating across the UK and South East Asia. The company is structured around three key segments:

• Services: Offers materials handling, engineering, logistics, and large-scale earthworks for infrastructure and industrial clients.
• Hargreaves Land: Focuses on the sustainable redevelopment of brownfield sites for residential and commercial use.
• HRMS (Germany): Engaged in commodity trading and recycling, particularly in the steel sector.

With operational hubs in the UK, Hong Kong, and Germany, Hargreaves is positioned as a key player in infrastructure, industrial services, and sustainable land development.