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Sir Jim's firm back in the red
Paisley Daily Express
|October 25, 2025
PETROINEOS, the energy trading company backed by Manchester United minority owner Sir Jim Ratcliffe, has reported a loss of $250 million (£187.5m) in 2024, marking its first return to the red since 2020.
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The Jersey-based firm posted the pretax loss after achieving a profit of $30m in 2023, with the previous financial year’s results only disclosed in May.
Petroineos’ 2024 accounts, recently lodged with Companies House, also show revenue declining from $38.8m to $28.3m.
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