Hercules Site Services plc (LON:HERC), a leading technology enabled labour supply company for the UK infrastructure sector, has announced its audited results for the year ended 30 September 2023.
Financial Highlights
· Growth across all areas of the business and results exceeding market expectations
· Revenues increased 71% to a record £84.7m (2022: £49.5m)
· Gross profit increased 67% to £16.3m (2022: £9.8m)
· Adjusted EBITDA* increased 79% to a record £4.1m (2022: £2.3m)
· Pre-tax profit of £641,321 (2022: £160,685)
· EPS increased to 1.27p (2022: 0.58p) – increase of 119%
· Cash at year end of £4.2m (2022: £1.2m)
· Proposed final dividend of 1.12p per share (2022: 1.12p)
*Adjusted EBITDA excludes research and development, share based payments, profit/(loss) on sale of assets and exceptional items