Global ‘energised’ by Scotland’s renewable opportunities as £500 million goal confirmed
“We have exciting new plans to grow the group significantly both organically and through acquisitions as we explore new markets” – Roy MacGregor
Scottish energy services heavyweight Global has reaffirmed its near-term £500 million revenue goal after hailing a “momentous and successful” year for the group.
Publishing its year-end financials, the firm - which during 2025 struck a major deal to sell the Port of Nigg facility - said revenue had grown to £330m, from £253m the year before, with earnings before interest, taxes, depreciation and amortisation (Ebitda) coming in at £34m, up from £23m previously.
The group’s strategic plan sees it target revenue growth to £500m within three years.
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.
“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,” he added.
“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 for the year under review 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 a range of offshore and onshore wind projects both in Scotland and Ireland during the period.
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.
In October, Global unveiled a major rebrand, which came as the group celebrated its 20th year. It is building a 2,000-square-metre, state-of-the-art HQ at the heart of the Highlands and Islands Enterprise (HIE) Inverness Campus “freeport” zone.
Global chairman and industry veteran Roy MacGregor said: “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 towards a hybrid investor/operator model, with a people and technology-led solutions provision, will nearly double our turnover.”
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