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Hargreaves Services PLC (GB:HSP)
LSE:HSP
Earnings Data
Report Date
Aug 05, 2026TBA (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
―Last Year’s EPS
0.33Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented substantial positive momentum: strong services revenue growth (+41% H1), improved group profitability (PBT GBP 14m, PAT GBP 11m), enhanced cash generation (EBITDA +23%), a progressive dividend (+5.5%) and clear plans to return capital (GBP 15m tender offer) and realise significant value from Land and Renewables over the next five years. Operational headwinds were acknowledged — slight services margin compression, weaker HRMS revenue (EUR 20m decline), seasonal losses at DK Recycling and execution/scale-up risk on the zinc project — but management quantified these risks, set conservative caps on downside exposure (zinc project max shareholder cost ~EUR 12m), and outlined mitigation plans (government grant/guarantee support, staged realizations, contract inflation protection). Overall, the positive operational momentum, cash-return program, and clear strategic plans materially outweigh the manageable short-term and execution risks.Company Guidance
Strong Services Revenue Growth
Services revenue increased from GBP 121m to GBP 171m (+41% year-on-year). Services remain the group's growth engine with a 5-year revenue CAGR of ~25% and profit growth nearly 40% p.a.
Improved Group Profitability and EPS
Group profit before tax of GBP 14m and profit after tax of GBP 11m, delivering EPS of 33p for the half-year.
Cash Position and Capital Return
Cash in bank of GBP 37m at period end (partly boosted by working capital timing and renewables sale). Board announced up to GBP 15m return to shareholders via a tender offer (to be executed at 12–15% premium, expected in April).
Renewables Tranche Realisation
First tranche of Renewables sold for upfront cash just under GBP 9m with up to GBP 5m deferred payments to September 2029; sale proceeds aligned with Jones Lang LaSalle valuation and helped fund the GBP 15m tender offer.
Dividend Increase
Interim dividend increased by 5.5% to 19.5p (intend full-year dividend of 39p), described as progressive and above inflation.
EBITDA and Cash Generation
EBITDA increased by 23%, underlining the group's improving cash generation capability and supporting reinvestment and shareholder returns.
Hargreaves Land Sales and Profit Recovery
Hargreaves Land revenue rose from GBP 4m to GBP 12m; Hargreaves Land reported profit of GBP 4m vs a loss of GBP 1.4m in the prior period, reflecting Blindwells sale(s) and the renewables disposal profit (GBP ~3m).
HRMS Joint Venture Performance & Dividends
HRMS moved from breakeven to a GBP 1m profit in H1. The group received GBP 4m dividend from HRMS to date and expects up to GBP 7m by year end.
Order Visibility and Contract Quality
Services order coverage: ~90% for FY2026 and ~55% for FY2027; 94% of contracts provide inflation protection. Top 5 customers represent 65% of contracted revenues and long-term relationships average 3.9 years.
Strategic Investment in Growth (Plant & Equipment)
Fixed assets (plant & machinery) increased to GBP 62m and lease finance increased to GBP 43m, supporting the service business growth and higher volumes on major infrastructure projects (e.g., HS2, Sizewell, AMP8).
Land Strategy and Cash Realisation Target
Plan to realise GBP 60m–80m cash from the Land division over ~5 years and reduce capital employed in Land to ~GBP 20m, targeting a leaner planning/promotional business delivering c. GBP 3m–4m PBT per annum at ~20% ROCE.
Zinc Recycling Project Upside (Managed Risk)
Planned zinc processing plant: total capex EUR 18m with EUR 2m government grant and potential EUR 4m state guarantee. Company capped maximum shareholder exposure at ~EUR 12m; target conservative ROCE c.20% and estimated steady-state profit c. EUR 3–4m if successful.
GB:HSP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GB:HSP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 28, 2026 | 670.00 p | 714.00 p | +6.57% |
Jul 30, 2025 | 708.42 p | 700.61 p | -1.10% |
Jan 29, 2025 | 559.96 p | 588.43 p | +5.08% |
Aug 06, 2024 | 496.43 p | 542.40 p | +9.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Hargreaves Services PLC (GB:HSP) report earnings?
Hargreaves Services PLC (GB:HSP) is schdueled to report earning on Aug 05, 2026, TBA (Confirmed).
What is Hargreaves Services PLC (GB:HSP) earnings time?
Hargreaves Services PLC (GB:HSP) earnings time is at Aug 05, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
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What is the P/E ratio of Hargreaves Services PLC stock?
The P/E ratio of Hargreaves Services is N/A.
What is GB:HSP EPS forecast?
Currently, no data Available