Leading UK energy and infrastructure solutions provider, Global (“GEG”), has published its year-end financials, revealing a strong bottom line which saw revenue grow to £330m (up from £253m, 2023/24), EBITDA up at £34m (compared to £23m, 2023/24).
Speaking about the strong 2024/25 financials, Group Board Director, Gordon Farmer said:
“In what has been another momentous and successful year for the group, Global undertook a planned major 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.
“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.”
Strong growth across Global portfolio
The increase in revenue for the year was attributable to strong performances from companies in both the GEG Holdings and GEG Capital portfolios – the entities comprising ‘GEG Capital Investments’ – now known as ‘Global’.
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 in the period. 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.
In 2025 the group continued to gain momentum in the offshore and onshore wind markets, with the completion of Moray West Offshore Wind projects at Port of Nigg and the first pre assembly project for offshore wind for the NnG offshore wind development.
Prior to divestment, Global had established The Port of Nigg as Scotland’s premier offshore marshalling renewables hub as well as a multi energy source user site, providing a full-service offering including logistics, assembly and fabrication services supporting both major renewables and nuclear projects as well as traditional oil and gas activities. The port achieved an important milestone in the period, with the approval of the Sumitomo cable factory in early 2025.
Global stablemate, GEG Capital, saw a significant uptick in trade among its diverse multi-sector 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, which executed a number of successful renewables projects in the year.
Growth was also underpinned by Global Infrastructure growing to support the ongoing grid upgrades across Scotland, including major SSE warehouse projects delivered in Inverness and Dundee, along with a significant 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, accelerating organic growth and allowing further acquisitions by a strong platform company. Similar strides were made by the group’s Architecture division.
Global’s recruitment portfolio saw revenues increase, with additional candidate numbers across most businesses, with Chance Recruitment joining the group to add another layer to the division.
Looking ahead
Speaking on the release of financials for the year – and looking ahead to 2026 and beyond – Global chairman, Roy MacGregor, commented:
“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.
“We recently shared our new brand and vision which sets our course for the next five years during which a move toward a hybrid investor/operator model, with a people- and technology-led solutions provision, will nearly double our turnover. By exploring new markets and synergies between group companies, creating hundreds of new, long-term skilled employment opportunities across Scotland and beyond, we will grow revenue from the current £300m to £500m within three years.”
Hybrid investor/operator model unveiled
In October of this year, Global unveiled a major rebrand, which came as the group celebrated its 20th year. The rebrand and refocus of the group firmly reinforced its position as the leading end-to-end industry partner to the energy, infrastructure and utilities sector and set the path for future growth.
Global aims to grow its turnover driven by a hybrid investor/operating model which includes Global’s major energy services portfolio together with investments that previously sat under GEG Capital, concentrated in consultancy, construction, and recruitment.
Collectively Global employs in the region of 2000 people. It recently unveiled plans for a new 2,000m2 state-of-the-art HQ at the heart of HIE’S Inverness Campus Freeport zone.
The new facility gives the company room to grow and deliver its ambition to become the leading energy and infrastructure services provider, delivering people-led, innovative solutions to forward-thinking businesses.
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