MedservRegis plc, a provider of offshore and onshore logistics services for the Energy industry, reported strong revenue for the year 2025, increasing from €70 million in 2024 to €104.6 million last year.

The group operates under three trading names, namely ‘Medserv’ in the Mediterranean basin and the Caribbean Community and Common Market region, ‘METS’ being Middle East Tubular Services in the Middle East region and ‘Regis’ in sub-Saharan market.

The group's EBITDA also rose from €16.1 million to €22 million, while Net profit after tax also increased from €2.1 million in 2024 to €5.5 million in 2025.

Revenue growth was primarily driven by the Integrated Logistics Support Services (ILSS) segment, which increased significantly from €36.94 million in 2024 to €70.27 million in 2025, the company said. It said that this growth was largely attributable to the commencement of offshore drilling operations in Libya, resulting in a 219% increase in revenue generated from the Maltese shore base compared to the prior year.

In Libya, the group was also awarded a contract for the management of a supply base in Misurata, which became operational during the fourth quarter of the year.

The ILSS segment in the Eastern Mediterranean region, comprising operations in Egypt and Cyprus, saw the group continuing to provide services to multiple international energy companies.

The group also said that the Oil Country Tubular Goods segment, comprising the group’s Middle East operations, also recorded improved performance compared to the previous year. It said that operations in Mozambique and the Caribbean “remained subdued during the reporting period, although these regions continue to represent important growth opportunities.”

The group also views sub-Saharan Africa and the Americas as key strategic growth frontiers, mentioning among other things that ]the Group has established a start-up operation in Guyana, with equipment in place to support the offshore oil and gas sector.

The group’s Chairman, David S. O’Connor, said that a defining feature of the year was the successful scaling of operations in Malta in support of offshore Libya activity.

“The speed and reliability with which the Group mobilised at scale, while maintaining its focus on safety, compliance, and operational control, reinforced the strength of its operating model and the depth of its organisational capability,” he said.

He said that positive contributions from Cyprus, Egypt, Iraq, and Oman further underlined the breadth and balance of the Group’s footprint, “while the lifting of force majeure in Mozambique towards the end of the year marked a welcome turning point as the Group looks ahead.”
The latter point refers to the formal lifting of force majeure by TotalEnergies on its $20 billion LNG project in late 2025. This development marks the restart of construction activities following the suspension in 2021.

Commenting on 2026, Co-Chief Executive Officers Olivier Bernard and Karl Bartolo expect Libya offshore drilling activity to remain strong, and they said that the company will consolidate and deepen its position in existing markets.

Among their comments regarding other countries, they said that in Suriname, they see 2026 as a return to a market “where the Group already has an excellent track record,” and in the Kingdom of Saudi Arabia, they said that they invested in additional equipment to strengthen its operational presence in the country.