Three60 Energy reports revenue rise and profit growth in 2025

Aberdeen based energy services provider Three60 Energy has announced a significant increase in both revenue and profitability for the financial year ending 2025. The company reported that its total revenue climbed to 189.4 million pounds, representing an improvement from the 181.7 million pounds recorded in the previous year. This growth reflects a broader trend of expanding operations and strengthening market position within the sector.

Financial performance metrics showed substantial gains across key indicators. Adjusted EBITDA rose by 30 percent to reach 14.7 million pounds, up from 11.3 million pounds in 2024. Operating profit also increased by 35 percent, moving from 2.6 million pounds to 3.56 million pounds. Pre tax profit saw a similar upward trajectory, reaching 2.6 million pounds compared to 1.6 million pounds in the prior period. These figures underscore the company’s ability to convert operational efficiency into tangible financial results during a challenging market environment.

Chief Executive Walter Thain described the period as a strong year, attributing the success to a strategy focused on creating a differentiated and integrated business. He noted that the company is now benefiting from deeper customer relationships and a more diversified portfolio. Thain stated that the firm aims to double its revenues within the next five years, with expansion plans targeting the Americas and the Middle East. Operational developments included the opening of a new office in Teesside and the establishment of a joint venture with AF Offshore Decom following a contract with BP. The company also initiated a takeover of Total Vision, an Abu Dhabi based engineering firm. Additionally, industrial diversification contributed to 30 percent of revenue coming from defence and industrial projects.