Hercules Secures Key Supplier Status with Balfour Beatty

Hercules plc (AIM: HERC), a specialist in technology-enabled labour supply for the UK infrastructure and construction sectors, has been added to Balfour Beatty's Preferred Supplier List (PSL) for its Power Transmission & Distribution work.

However, investors will need to wait longer for the company's FY25 results.

The addition to the PSL strengthens Hercules' existing relationship with Balfour Beatty, a major player in UK power transmission and distribution projects. Hercules will provide specialist labour support across substations, cabling, and civil engineering aspects of these projects.

This win underscores Hercules' strategic expansion into the power and energy sector, a move accelerated by the acquisition of Advantage NRG in June 2025, a provider of linesmen for overhead electrical transmission, and a 70% stake in Lyons Power Services Ltd in October 2025, specialists in power and energy infrastructure services.

Hercules' CEO, Brusk Korkmaz, views this PSL inclusion as a significant milestone. “Being added to Balfour Beatty's Preferred Supplier List for its Power Transmission and Distribution work is another milestone in Hercules' expansion in the UK energy infrastructure market. It reflects our strong working relationship with Balfour Beatty and the capabilities we have built in specialist labour supply across substations, cabling and civils.”

The company anticipates considerable investment in the UK energy infrastructure sector, driven by increasing demand and long-term network requirements.

This positions Hercules to capitalize on its specialist labour supply capabilities. The Balfour Beatty contract offers an immediate avenue to deploy the expertise gained through the Advantage NRG acquisition.

Final Results Delayed

While the Balfour Beatty news is positive, Hercules also announced a delay in the release of its final results for the year ending 30 September 2025.

The audit is progressing, but the extensive acquisition activity during 2025 has necessitated additional audit work. The company now expects to release its FY25 Accounts in March 2026, with a further update to be provided in due course.