Bibby Line Group delivers fourth year of growth with strong financial results

Liverpool-based Bibby Line Group has today reported a fourth consecutive year of improved financial performance, demonstrating the strength and resilience of its portfolio, despite ongoing economic uncertainty.

For the fiscal year ending 31 December 2024, the group recorded a profit before tax (PBT) of £12.8 million (2023: £7.8m) and turnover of £268million (2023: £241m).

The group’s performance was underpinned by notable achievements across its three core businesses:

• Bibby Financial Services reported turnover of £188.6 million (2023: £178 million) with PBT at £11.2 million – slightly down from £12.1 million in FY23. In 2025, the business launched a new strategy focussed on empowering colleagues with technology to deliver outstanding, scalable customer experience.
• Bibby Marine revenues increased to £36.8m (2023: £21.1m) and PBT to £4.1m (2023: £-4.0m). The business utilised its entire fleet throughout 2024, and in January 2025 started construction of its pioneering zero-emission electric Commissioning Service Operations Vessel (“eCSOV”) – a world first.
• Garic – the group’s infrastructure business – reported turnover of £42.8m (2023: £40.8m) and PBT of £2.1m (2023: £4.2m), reflecting the impact of ongoing restructuring and investment, alongside challenging market conditions. Garic, which rebranded in April 2024, expanded its eco-range of goods and services, while introducing digital customer tools, reinforcing its role as the sustainable site setup specialist.

Jonathan Lewis, Bibby Line Group CEO said: “2024 was a year of both delivery and investment. We achieved another year of strong trading results, while also driving resilience and investing in our future success.

“Our marine business had a very positive year, backed by strong utilisation across the fleet, while taking steps to start construction of the world’s first zero-emission eCSOV. Bibby Financial Services continued its transformation, becoming even more agile and customer-focused, and Garic is redefining what sustainable site solutions look like with digital innovation and greener assets.

“While the broader economic environment remains challenging and unpredictable, what matters is how we respond – and our approach is clear: invest in our people, culture and capability; build stronger customer relationships; and grow in ways that create long-term value.

“We are a family business, thinking long-term and acting with purpose. Our vision remains to create a better future together – and our results in 2024 showed the progress we are making on that journey.”