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Hargreaves Services PLC on Thursday announced two new contract positions as it upgraded its revenue and pretax profit guidance for the next financial year. The Durham, England-based industrial services company focused on the environmental, infrastructure and property sectors said it has been appointed by London-based international infrastructure construction firm Balfour Beatty PLC, and awarded an enabling earthworks subcontract at Lower Thames Crossing, representing a total gross revenue of £10 million. The enabling earthworks subcontract for the Roads North of the Thames is scheduled to start late in Hargreaves Service’s current financial year 2026, which runs until the end of May. Most of the work will be undertaken in financial 2027. Further, the firm said it secured a position at Drax Power Station to build out a beneficiation plant on behalf of Power Minerals Ltd. The plant will process up to 400,000 tonnes of legacy ash into supplementary cementitious material, which it says ‘is a key ingredient in the production of low carbon cement and concrete in the UK.’ It added that its Services division, as well as Hargreaves Land and its joint venture in Hargreaves Raw Materials Services GmbH, are still trading in line with expectations. The company said it is upgrading its market expectations for revenue and pretax profit for financial 2027 by 4% each. Hargreaves Services said that it considers financial 2027 consensus market expectations prior to Thursday’s announcement to be revenue of £285.2 million, underlying pretax profit of £23.5 million, earnings per share of 50.5 pence and cash of £17.2 million. This compares to financial 2025 revenue of £264.4 million, underlying pretax profit of £17.6 million, basic earnings per share of 44.8p, and cash of £23.3 million. Hargreaves Services shares rose 3.7% to 778.00 pence each on Thursday afternoon in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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