ENERGY and infrastructure solutions provider Global has announced an increase in revenue from £253 million to £330 million for the 2024/25 financial year. EBITDA rose from £23 million to £34 million during the same period.
The business is now targeting revenues of £500 million within three years.
Director Gordon Farmer hailed ‘another momentous and successful year’ for the group, in which Global undertook a planned sale of assets and a strategic reorganisation.
“These moves – including the transfer of our interest in The Port of Nigg to long term partners Mitsui and MOL – both reset and significantly sharpened the group’s strategic direction,” he added. “Global is committed to continuing to build a sustainable energy business, investing significantly in both the onshore and offshore wind sectors. The board’s focus is to be a trusted partner for all onshore and offshore energy projects and assets, leading and supporting the energy transition through our combined engineering, construction, lifting, power, and project-management expertise.
“The group will continue to position itself to adapt to the rapidly evolving energy market while supporting existing industries to deliver a just transition from hydrocarbons to lower-carbon solutions. Looking ahead, the board sees strong opportunities to further develop a sustainable group capable of delivering integrated solutions across a diversified market, including grid infrastructure, floating and fixed offshore wind, carbon capture and storage, and hydrogen projects. As part of this strategy we will continue to grow the business organically – and by acquisition – in a variety of sectors.”
The increase in revenue was attributed to strong performances from companies in both the GEG Holdings and GEG Capital portfolios.
GEG Holdings’ logistics division – including Global Crane Services, Global Wind and Global Port Services Shipping – supported numerous offshore and onshore wind projects both in Scotland and Ireland. Clients in the hydrocarbon space were supported through the Global Energy Group, Global Energy Services and Apollo brands, assisting customers with both traditional activities and projects to reduce operating emissions and the transition to a net zero energy framework.
GEG Capital reported a ‘significant uptick’ in trade among its portfolio of companies across the energy, infrastructure, construction, consultancy and people placement sectors. The increase in revenue was largely attributable to acquisitions within the energy, consultancy and construction portfolios – notably Aventus Energy.
Growth was also underpinned by Global Infrastructure growing to support the ongoing grid upgrades across Scotland, including SSE warehouse projects in Inverness and Dundee, along with a civil infrastructure project starting at Dounreay in Caithness.
GEG Capital’s consultancy and professional services group underwent a change in structure with three businesses coming together as ‘Arthian’ in December 2024, which Global said accelerated organic growth.
Global chairman Roy MacGregor added, “It is an extremely exciting time for the group. Following the sale of the Port of Nigg to long term partners who are well placed to support its future development, the board and I are energised by the opportunity that lies ahead. We see huge potential for growth within the energy and utilities sector and we have exciting new plans to grow the group significantly both organically and through acquisitions as we explore new markets.”
In October, Global unveiled a major rebrand, which came as the group celebrated its 20th year. The business recently unveiled plans for a new HQ at the heart of HIE’S Inverness Campus Freeport zone.
