Magma Global Ltd.
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Magma Global Ltd. - overview
Established
2010
Location
Portsmouth, -, UK
Primary Industry
Oil & Gas
About
Based in the UK, and founded in 2010, Magma Global Ltd. , formerly known as Einn Limited and Insensys Yacht Masts Limited, operates as an oil and gas firm that offers carbon fiber composite pipes. The company was founded by its CEO, Martin Jones, Damon Roberts, and Mike Boyd. In October 2021, TechnipFMC acquired Magma Global Limited.
Magma Global manufactures m-pipe®, which is a subsea oil and gas pipe that is made from a combination of two raw materials: PEEK (Polyetheretherketone), which is a thermoplastic polymer, and carbon fiber.
Current Investors
TechnipFMC, BGF Investment Management, Azimuth Capital Management
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas Equipment and Services
Website
www.magmaglobal.com
Verticals
Manufacturing
Company Stage
Add-on
Total Amount Raised
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Magma Global Ltd. - financials
| Fiscal Year Ended | Aug 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 15,022,436 | 18,907,726 | 8,387,019 | 673,092 | 2,946,638 | 8,022,615 | 9,926,670 | 10,217,851 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | (92.0%) | 337.8% | 172.3% | 23.7% | 2.9% | - | - | - |
| EBITDA (USD) | (757,482) | (4,918,501) | (5,002,532) | (5,745,101) | (7,484,838) | (1,030,558) | (178,723) | (2,651,722) | - | - | - |
| Operating Income (USD) | (2,061,063) | (7,392,551) | (6,787,948) | (7,805,388) | (9,633,248) | (3,021,795) | (2,379,400) | (4,693,559) | - | - | - |
| Operating Margin | (13.7%) | (39.1%) | (80.9%) | (1159.6%) | (326.9%) | (37.7%) | (24.0%) | (45.9%) | - | - | - |
| % EBITDA Margin | (5.0%) | (26.0%) | (59.6%) | (853.5%) | (254.0%) | (12.8%) | (1.8%) | (26.0%) | - | - | - |
| NET Income (USD) | (1,645,767) | (6,660,459) | (6,499,785) | (5,761,582) | (9,212,327) | (2,951,775) | (2,096,753) | (4,472,142) | - | - | - |
| % Net Margin | (11.0%) | (35.2%) | (77.5%) | (856.0%) | (312.6%) | (36.8%) | (21.1%) | (43.8%) | - | - | - |
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