Hargreaves Services Plc (HGRVF) Q4 2026 Earnings Call Transcript

Good afternoon all, and welcome to our results presentation for financial year '26. I'm joined here with Stephen Craigen, our Chief Financial Officer; and Gordon may or may not join us later on in the presentation, just to make you all aware. So what have we achieved? And first of all, a real big thanks to the teams. I know a number of our own teams joined this presentation. So as I said on the video we recorded yesterday, a little bit back to what's been a really fantastic year for Hargreaves, continuing to grow and advance our strategy and delivering value. The highlights for the year, we've returned GBP 32.6 million in total to shareholders. That included the GBP 20 million tender offer as promised, driven by the first and second sales of our renewables asset. First and second tranches sold. Services revenue as last year -- as interim is going well. Volumes are up and margins are being maintained at that 6%, which is great news and testament to all the hard work that goes out there in the field. The delivery of those things delivered a strong cash position despite returning GBP 32.6 million. We've ended the year with a strong cash position of GBP 21.6 million, and we've delivered