THREE60 Energy, a global life cycle solutions company specialising in engineering, operations and systems, has announced its financial results for the year ending 31 December 2024; last year was the strongest year of growth to date with revenue increasing by 36% year-on-year to £181.7 million, while EBITDA rose by 82% to £11.3 million. The company also recorded an operating profit of £2.6 million, a 30% increase on the previous year, with growth in non-project service lines and increased tendering across project divisions, contributing to a record backlog of £299 million, up 86% from 2023.
“2024 has been a breakthrough year for our business. Our results reflect our growing global presence and our expanded service offering as we are now clearly seeing the impact of the scalable platform we have created. Our continued delivery of safe, high-quality, value-driven solutions could not be achieved without our people, our customers and the many supply chain companies that support us on a day-to-day basis. We’ve combined strong financial performance with significant strategic delivery in industrial and geographical diversification, positioning THREE60 for continued long-term growth in the services market.”
– Walter Thain, CEO, THREE60 Energy
In addition to revenue and earnings growth, THREE60 deepened its expertise in key transition areas, including carbon capture and storage (CCS), digital, and end-to-end late life and decommissioning services.
Kerrie Murray, CFO, further added “this year’s performance is not just about numbers, it’s about laying the groundwork for sustained, responsible growth. Our expansion into the Middle East and the acquisition of Samphire Subsea reflect our strategic focus on being a global, full lifecycle partner to our customers”.
Following back-to-back years of strong revenue and EBITDA growth, THREE60 entered 2025 with confidence, a clear roadmap, and a robust pipeline of opportunities across all geographies.
Read more on the THREE60 website here
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