Bibby Line Group delivers another year of profit while continuing to invest for the future
Bibby Line Group has today reported a profit before tax of £6.7m on turnover of £255m for the year ended 31 December 2025, while continuing to invest in its businesses despite a more challenging economic backdrop.
Capital expenditure for the group exceeded £40m – its highest level for several years – with investment focused on assets, technology, infrastructure, people and capabilities to strengthen the businesses and support long-term growth.
Profit before tax and turnover were below the levels achieved in 2024, reflecting lower vessel utilisation at Bibby Marine following the completion of major charters and continued challenges in the construction market affecting Garic.
Across the Group, investment and strategic progress continued:
- Bibby Financial Services continued to invest in its BFS 5.0 transformation programme, simplifying processes, enhancing customer experience and building future capability.
- Bibby Marine experienced lower utilisation following the completion of major charters but retains a strong forward pipeline, while progress continued on its zero-emission electric Commissioning Service Operation Vessel (eCSOV), which remains on track for delivery in 2027.
- Garic continued to operate in a challenging construction market while investing in technology, customer service and its sustainability-led proposition.
The Group also completed a significant milestone with the £55m buy-in of the Bibby Line Group Ltd Pension Scheme with Pension Insurance Corporation plc. The transaction reduces long-term financial risk for the Group and strengthens the security of pension benefits for current and former employees.
Bibby Line Group also continued to make progress through Compass, the Group’s framework for creating long-term value for customers, colleagues, communities and the environment.
Over the past year, colleagues contributed more than 1,100 volunteering days and helped raise more than £132,000 for good causes. The Group also achieved a 9.6% reduction in carbon emissions, alongside continued investment in the marine energy transition, and maintained strong customer advocacy scores across all three businesses, with NPS scores of +77 at Bibby Marine and Garic, and +53 at Bibby Financial Services.
Jonathan Lewis, chief executive officer of Bibby Line Group, said: “Delivering another year of profit in challenging market conditions is testament to the commitment, expertise and values of colleagues across the Group. While 2025 presented a more challenging trading environment, we have confidence in our businesses and are continuing to invest in them, our people and our capabilities to create long-term value for our customers, colleagues and shareholders.”