Fulkrum Announces Record Growth in 2024 and Ambitious Plans for 2025

Fulkrum, a global leader in inspection, expediting, auditing, and technical staffing services, is pleased to announce strong performance in 2024, marked by significant revenue growth, geographic expansion, and new service offerings. The company’s results reflect its continued commitment to meeting the evolving needs of the energy sector while investing in its workforce and operational capabilities.

In 2024, Fulkrum achieved over 40% year-on-year growth, with a notable increase in revenue and an 8% rise in gross profit. The company also expanded its workforce by 50% since Q4 2023, reinforcing its focus on attracting and retaining top talent to support its growing global operations.

Fulkrum strengthened its international presence by establishing a new entity in Basrah, Iraq, and making its first hires in India. The company has also taken steps toward incorporation in China, which is expected to be finalized in 2025. In addition, Fulkrum is preparing for further expansion into Suriname, Indonesia, and Japan, and it is selecting European and African markets as part of its long-term growth strategy.

The company’s client base grew by 35% in 2024, driven by key projects such as Hail and Ghasha, Woodside New Energy hydrogen initiatives, and a major gas plant project in Iraq. These engagements highlight Fulkrum’s ability to support complex projects across the oil & gas, renewables, and industrial sectors.

Fulkrum also expanded its service portfolio with the launch of Asset Integrity Management (AIM) services and the continued growth of its Technical Staffing Solutions (TSS) division. The AIM offering enhances Fulkrum’s ability to provide cost-effective, tailored solutions to EPCs and Owner/Operators in the energy and petrochemical sectors, strengthening its position as a trusted partner in the industry.