Highlights

  • Hercules FY25 revenue will be approximately GBP 121 million, above market expectations.
  • Adjusted EBITDA and adjusted PBT for FY25 remained in line with consensus estimates.
  • Statutory PBT is expected at around GBP 0.8 million after non-underlying items.

Hercules PLC (AIM:HERC) shares were trading higher by around 5.12% during the morning session on 10 February 2026, following the company’s update on its final results for the year ended 30 September 2025 (FY25). The update pointed to revenue exceeding prior market expectations, while profitability metrics remained broadly in line with forecasts.

The Group reported that FY25 revenue is expected to be approximately GBP 121 million, compared with market expectations of GBP 118.4 million. The higher revenue outcome reflects trading performance across the Group’s operations during the financial year, as outlined in the update released to the market.

The revenue figure represents the top end of prior guidance and signals favourable activity levels across the business during FY25. No changes were made to previously communicated expectations for adjusted profitability metrics.

Adjusted Profitability Remains in Line

Adjusted EBITDA and adjusted profit before tax (PBT) for FY25 are expected to remain in line with market expectations. Consensus estimates had pointed to adjusted EBITDA of GBP 6.1 million and adjusted PBT of GBP 3.3 million.

The adjusted figures exclude non-underlying and exceptional items, including amortisation of acquisition-related intangibles, share-based charges, exceptional acquisition-related costs, extended enterprise resource planning (ERP) implementation expenses, and business development expenditure. The company noted that these adjustments are intended to provide a clearer year-on-year comparison of underlying operating performance.

Statutory PBT Impacted by Strategic Investment Costs

On a statutory basis, profit before tax for FY25 is expected to be approximately GBP 0.8 million. This lower figure reflects the net impact of non-underlying and exceptional items incurred during the year.

According to the update, many of these costs were associated with strategic investments aimed at strengthening operational capability, enhancing internal controls, and improving scalability across the business. These investments were undertaken during FY25 and are reflected in the statutory profit outcome. 

Investor Takeaway

Hercules confirmed that its FY25 final results are expected to be released in March 2026, with a further update to be provided at that time. The market update issued on 10 February 2026 was intended to clarify revenue and profit expectations ahead of the full results release.

The FY25 update highlights a revenue outcome ahead of expectations alongside adjusted profitability that remains consistent with market forecasts. While statutory profit was affected by non-underlying items, the update provides clarity on the drivers behind the variance and helps explain the positive share price reaction following the announcement, keeping Hercules in investor focus ahead of the full FY25 results.

FAQs

  1. Why did Hercules PLC issue an update ahead of its final FY25 results?

The company issued the update to clarify revenue and profit expectations before releasing its full FY25 results in March 2026.

  1. How did Hercules’ FY25 revenue compare with market expectations?

FY25 revenue is expected to be approximately GBP 121 million, above the market expectation of GBP 118.4 million.

  1. Why is statutory profit lower despite revenue exceeding expectations?

Statutory PBT reflects non-underlying and exceptional items related to acquisitions, ERP implementation, and business development costs.