Global has reported a sharp rise in EBITDA 2024-25 as the UK energy and infrastructure services group set its sights on lifting annual revenues from £300m to £500m within the next three years.
Earnings hit £34m, up from £23m in the year-ago period.
Revenue climbed to £330m for the period, up from £253m in 2023/24, with the company highlighting a strong bottom line as it completed a major asset sale and strategic reorganisation.
Group board director Gordon Farmer said the year saw the planned divestment of Global’s interest in the Port of Nigg to long-term partners Mitsui and MOL, a move he said had reset and sharpened the company’s strategic direction.
Farmer added that Global remains committed to building a sustainable energy business spanning onshore and offshore wind, with the group positioning itself to support the transition from hydrocarbons to lower-carbon solutions.
He stated that the Board sees opportunities across grid infrastructure, floating and fixed offshore wind, carbon capture and storage, and hydrogen, noting Global will continue to grow both organically and by acquisition.
The rise in earnings was supported by strong performances across GEG Holdings and GEG Capital, now consolidated under the Global brand.
The logistics division within GEG Holdings delivered services to multiple offshore and onshore wind projects in Scotland and Ireland through Global Crane Services, Global Wind and Global Port Services Shipping.
Clients in hydrocarbons were supported through the Global Energy Group, Global Energy Services and Apollo brands, including work to cut emissions and support the shift toward net-zero operations.
In 2025 Global completed work on the Moray West Offshore Wind project at the Port of Nigg and delivered pre-assembly activities for the NnG development.
Prior to its sale, the Port of Nigg had been established as a key offshore marshalling hub and multi-energy site, with approval of the Sumitomo cable factory secured in early 2025.
GEG Capital recorded a significant uplift in activity across its multi-sector portfolio, driven by acquisitions in energy, consultancy and construction, including renewables specialist Aventus Energy.
Growth was further supported by Global Infrastructure, which expanded to meet demand from grid upgrade works across Scotland, delivering major SSE warehouse projects in Inverness and Dundee along with a major civils contract at Dounreay.
Consultancy operations were reshaped under the new Arthian banner following the merger of three businesses in late 2024, strengthening the platform for further acquisitions. Similar growth was reported in the group’s architecture division.
Recruitment activities also grew, with higher candidate numbers and the addition of Chance Recruitment to the portfolio.
Looking ahead, chairman Roy MacGregor (pictured) said the group is entering an “extremely exciting” phase following the divestment of the Port of Nigg, creating space for renewed expansion across the energy and utilities markets.
He said Global’s five-year vision includes shifting toward a hybrid investor-operator model and nearly doubling turnover by exploring new markets, driving synergies across the group and creating hundreds of long-term skilled jobs.
The group, which employs around 2000 people, recently unveiled plans for a new 2000m2 headquarters at Inverness Campus Freeport, providing capacity to support future growth and its ambition to become a leading energy and infrastructure services provider.