Wood Mackenzie said revenue was “broadly flat” but recorded a rise in net profit from £4.5 million in 2024 to £18.7m in 2025.
Revenue year on year was £298.8m, set against £299.2m.
The company said in its strategic report with newly posted results for the year ended December 31, 2025: “The group is a premier supplier of commercially orientated, forward-looking research and knowledge-based consulting to virtually every major company in the energy, mining and metals and petrochemical industries, as well as leading financial services organisations, governments and government agencies across the globe.
“In 2025 the company generated approximately 93%, compared to 95% in 2024, of its revenue from research and the distribution services associated with its research services that are currently provided to over 1,500 external customers worldwide.”
It continued: “Wood Mackenzie’s vision is to be the most comprehensive source of knowledge about the world’s energy, metals and mining and petrochemical industries. Within the global energy and commodities information market, the company (and its subsidiaries) has chosen to focus on information required for forward-looking commercial decisions.”
Staff costs reduced by 4.1% to £94m, from £98m in 2024. The company shed the equivalent of 33 consultancy and research roles, 14 from sales and marketing and 16 from administration, totalling 63.
The company said: “The reduction in staff costs reflects cost discipline and a lower average monthly headcount of 833 (2024: 896).
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“Net foreign exchange gains of £5m, set against £600,000, partly offset the increase in charges, and the loss on disposal of tangible and intangible assets fell to £100,000, against £4.4m.
“Profit before taxation of £21.7m, compared to £4.8m, benefited from a £25.1m dividend in specie, recognised within non-operating income as income from other fixed asset investments, which arose as a result of the company cleaning up the group structure.”
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Counting the cost: why caring shouldn’t mean losing yourself
This article appears as part of Ben Stark’s Money HQ newsletter
Caring for a loved one, in their old age or poor health, can be hugely rewarding and millions of people across the UK provide unpaid care.
But taking on caring responsibilities can also affect your income, savings and future financial security, particularly if you reduce your working hours or even take a break from working altogether.
When your attention is understandably focused on someone else, it can be easy to put your own needs and goals aside. Reviewing your finances and making a plan can help you stay in control while continuing to support the person you care for.
Becoming a carer for someone is a significant step in life. Helping loved ones through later life, ill health, disability or incapacity, is often highly rewarding. It can bring you closer together and ensure you can look back with no regrets.
DNO bid call on rugby star Bill Gammell’s creation and wishes luck
The Scottish company is at the centre of takeover drama (Image: Capricorn Energy)
One of the two rival bidders in the takeover battle for a long-established Scottish company has said today it will not raise its offer, after this was trumped on Friday.
It wished the other bidder “every bit of luck”.
Danish group DNO said this morning that it would not raise its bid for Edinburgh-based oil and gas company Capricorn Energy, which was founded by former Scotland rugby international winger Sir Bill Gammell in the 1980s and was formerly known as Cairn Energy.
This follows London-based Genel Energy raising its offer for Capricorn Energy to $436m on Friday.
DNO noted this morning that Genel’s announcement included a statement that the London-based company’s bid vehicle “has received irrevocable undertakings in respect of Capricorn shares representing approximately 39.1% of Capricorn’s issued share capital”.
