UK energy and infrastructure services group Global Energy Group reported a sharp rise in earnings for its 2024–25 financial year and said it is targeting an increase in annual revenues to £500 million within the next three years.
The company said EBITDA rose to £34 million, up from £23 million a year earlier, while revenue increased to £330 million from £253 million in 2023/24. Global said the improved performance reflected a strong operational year alongside the completion of a major asset sale and a strategic reorganisation.
Group board director Gordon Farmer said the year was marked by the planned divestment of Global’s stake in the Port of Nigg to long-term partners Mitsui and MOL, a move he said had sharpened the group’s strategic focus.
“The planned divestment of Global’s interest in the Port of Nigg… has reset and sharpened the company’s strategic direction,” Farmer said.
He added that Global remains committed to building a sustainable energy business spanning onshore and offshore wind, while positioning itself to support the transition from hydrocarbons to lower-carbon solutions. The board sees opportunities across grid infrastructure, floating and fixed offshore wind, carbon capture and storage, and hydrogen, he said.
The earnings increase was supported by strong performances across GEG Holdings and GEG Capital, which are now consolidated under the Global brand. Within GEG Holdings, the logistics division delivered services to multiple onshore and offshore wind projects in Scotland and Ireland through businesses including Global Crane Services, Global Wind and Global Port Services Shipping.
Hydrocarbon-sector clients were supported through the Global Energy Group, Global Energy Services and Apollo brands, including work aimed at cutting emissions and supporting net-zero transition strategies.
During 2025, Global completed work on the Moray West offshore wind project at the Port of Nigg and delivered pre-assembly activities for the NnG offshore wind development. Prior to its sale, the port had been established as a key offshore marshalling hub and multi-energy site, with approval for the Sumitomo cable factory secured in early 2025.
GEG Capital reported a significant increase in activity across its multi-sector portfolio, driven by acquisitions in energy, consultancy and construction, including renewables specialist Aventus Energy. Growth was also supported by Global Infrastructure, which expanded to meet demand from grid upgrade works across Scotland, delivering major projects for SSE in Inverness and Dundee and a civil engineering contract at Dounreay.
Consultancy operations were restructured under the Arthian brand following the merger of three businesses in late 2024, while similar growth was reported in the group’s architecture and recruitment divisions, including the addition of Chance Recruitment.
Looking ahead, chairman Roy MacGregor said the group is entering an “extremely exciting” phase following the divestment of the Port of Nigg.
“Our five-year vision includes shifting toward a hybrid investor-operator model and nearly doubling turnover,” MacGregor said, citing plans to expand into new markets, drive synergies across the group and create hundreds of long-term skilled jobs.
Global, which employs around 2,000 people, recently announced plans for a new 2,000-square-metre headquarters at Inverness Campus Freeport to support future growth and its ambition to become a leading energy and infrastructure services provider.
