BSI 2024 full year results

IIOA member BSI publishes its 2024 Annual Report and Financial Statements, with revenue of 757.4m GBP, an increase of 4% from 2023, +7% at constant currency.

Across BSI’s divisions, revenue growth was 7% in Knowledge Solutions, 9% in Assurance Services, 10% in Regulatory Services Division and -11% in Consulting Services attributed to, ‘challenging conditions in the advisory markets where we operate’. (All figures at constant currency)

The 9% increase in Assurance Service Division revenue – 41% of BSI’s revenue – is explained by BSI as, ‘Growth was largely driven by Systems Certification, where performance targets for the year were exceeded. Our work with Supply Chain industry programmes also delivered strong growth thanks to increasing focus on Sustainability, Social Performance and Compliance. Trading conditions were more challenging in Training, although supported by a good performance in AI Training’.

For 2025 in Assurance Service, BSI states it, ‘will continue to focus on the themes of simplification, standardization, digitization and growth to ensure we stay relevant and deliver impact for our clients, stakeholders and the world around us.’

For 2025, BSI states, ‘we will continue to grow across all our domains, and increase our relevance in both Sustainability and Digital Trust, focusing on delivering exceptional value and impact for our clients and stakeholders.’

The BSI Annual Report & Financial Statements 2024 can be viewed here.