Braemar
BMS · Main Market · Industrial Goods and Services · mcap £74m · 237.0p
Braemar arranges ship sales, charters and energy and freight derivative deals for clients, earning commission. Its divisions cover chartering, shipbroking for sales and purchases, and risk advisory.
Financials · LTM to 28 Feb 26
Source: results 21 May 26 ↗
- Revenue
- £136m
- Operating profit
- £7.7m
- Net income
- £2.3m
- Free cash flow
- £7.8m
- Net cash
- £23.4m
- Market cap
- £78.4m
- EV / EBIT
- 7.2×
- FCF yield
- +9.9%
- Price / book
- 1.0×
Latest half-year · H1 Aug 25 vs H1 Aug 24
results 05 Nov 25 ↗
- Revenue
- £63.9m −16%
- Operating profit
- £3.0m −35%
- Net income
- £214k −90%
- Cash from operations
- £976k −77%
Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.
Latest report: FY Feb 26 (twelve months to 28 Feb 26), published 21 May 26 · read the results ↗
£m unless stated · newest first · italic = calculated (LTM, H2 = FY − H1) · hover a value for its source
| FY Feb 26 | FY Feb 25 | FY Feb 24 | FY Feb 23 | |
|---|---|---|---|---|
| Revenue | 135.6 | 141.9 | 152.8 | 152.9 |
| Adjusted operating profit | 12.4 | 15.6 | 16.5 | 20.1 |
| Exceptional / adjusting items | – | – | (7.5) | (8.4) |
| Operating profit | 7.7 | 11.2 | 9.0 | 11.7 |
| Share-based payments | 2.4 | 5.6 | 6.4 | 4.5 |
| Finance costs | (3.6) | (2.7) | (1.5) | (2.2) |
| Profit before tax | 4.6 | 9.2 | 7.5 | 9.5 |
| Tax | (2.4) | (3.1) | (2.9) | (4.9) |
| Net income (owners) | 2.3 | 6.1 | 4.6 | 4.6 |
| EPS basic | 7.2p | 19.4p | 15.7p | 15.8p |
| EPS diluted | 6.4p | 16.6p | 12.8p | 13.2p |
| Dividend per share | 7.0p | 7.0p | 13.0p | 12.0p |
| H2 Feb 26 | H1 Aug 25 | H2 Feb 25 | H1 Aug 24 | H2 Feb 24 | H1 Aug 23 | |
|---|---|---|---|---|---|---|
| Revenue | 71.7 | 63.9 | 65.9 | 76.0 | 77.8 | 74.9 |
| Adjusted operating profit | 7.3 | 5.1 | 8.3 | 7.3 | 9.8 | 6.7 |
| Exceptional / adjusting items | – | (2.1) | – | (2.7) | – | – |
| Operating profit | 4.7 | 3.0 | 6.6 | 4.6 | 6.8 | 2.2 |
| Share-based payments | 1.7 | 0.7 | 2.5 | 3.1 | 2.6 | 3.8 |
| Fair value gains / losses | – | (0.2) | – | – | – | – |
| Finance costs | (1.4) | (2.2) | (1.3) | (1.4) | (0.3) | (1.3) |
| Profit before tax | 3.7 | 0.9 | 5.7 | 3.6 | 5.6 | 1.9 |
| Tax | (1.6) | (0.7) | (1.7) | (1.4) | (2.6) | (0.3) |
| Net income (owners) | 2.1 | 0.2 | 4.0 | 2.1 | 3.1 | 1.6 |
| EPS basic | 6.6p | 0.7p | 12.6p | 6.8p | 10.3p | 5.4p |
| EPS diluted | 5.8p | 0.6p | 10.6p | 6.0p | 8.4p | 4.4p |
| Dividend per share | 4.5p | 2.5p | 2.5p | 4.5p | 9.0p | 4.0p |
| FY Feb 26 | FY Feb 25 | FY Feb 24 | FY Feb 23 | |
|---|---|---|---|---|
| Cash from operations | 12.1 | 5.9 | 5.2 | 22.1 |
| Interest paid | (2.7) | (2.6) | (2.7) | (1.9) |
| Tax paid | (2.4) | (3.0) | (6.5) | (4.4) |
| Capex (PP&E) | (1.4) | (0.6) | (0.5) | (0.7) |
| Capex (intangibles) | (0.0) | 0.0 | (0.0) | (0.1) |
| Lease principal paid | (2.9) | (3.1) | (3.1) | (3.9) |
| Dividends paid | (1.6) | (5.5) | (2.4) | (3.2) |
| Share buybacks | (4.1) | (2.4) | (6.1) | (8.0) |
| Shares issued | – | – | 0.0 | 0.7 |
| H2 Feb 26 | H1 Aug 25 | H2 Feb 25 | H1 Aug 24 | H2 Feb 24 | H1 Aug 23 | |
|---|---|---|---|---|---|---|
| Cash from operations | 11.1 | 1.0 | 1.8 | 4.2 | 5.3 | (0.1) |
| Interest paid | (1.3) | (1.4) | (1.2) | (1.4) | (1.5) | (1.2) |
| Tax paid | (1.9) | (0.5) | (0.8) | (2.2) | (2.1) | (4.4) |
| Capex (PP&E) | (0.9) | (0.5) | (0.3) | (0.3) | (0.1) | (0.4) |
| Capex (intangibles) | 0.0 | (0.0) | 0.0 | (0.0) | (0.0) | (0.0) |
| Lease principal paid | (1.5) | (1.4) | (1.1) | (2.0) | (1.6) | (1.6) |
| Dividends paid | (1.6) | 0.0 | (4.3) | (1.2) | (2.4) | 0.0 |
| Share buybacks | (2.6) | (1.5) | (2.0) | (0.4) | (4.2) | (1.9) |
| FY Feb 26 | FY Feb 25 | FY Feb 24 | FY Feb 23 | |
|---|---|---|---|---|
| Goodwill | 71.4 | 71.2 | 71.3 | 71.4 |
| Other intangibles | 2.0 | 2.6 | 3.2 | 4.0 |
| Property, plant & equipment | 8.8 | 10.1 | 5.6 | 5.3 |
| Associates & JVs | 0.0 | 0.7 | 0.7 | 0.7 |
| Other investments | 1.4 | 1.7 | 1.6 | 1.8 |
| Trade receivables | 39.2 | 40.9 | 37.7 | 43.3 |
| Cash | 23.4 | 20.5 | 28.0 | 34.7 |
| Current assets | 65.3 | 63.1 | 69.9 | 80.3 |
| Total assets | 155.4 | 157.4 | 161.6 | 177.9 |
| Trade payables | 37.3 | 34.7 | 43.6 | 57.3 |
| Borrowings, current | 0.0 | 2.4 | 3.0 | 0.7 |
| Current liabilities | 39.3 | 41.8 | 51.6 | 65.8 |
| Borrowings, non-current | – | 29.4 | 29.8 | 29.9 |
| Pension surplus / (deficit) | 3.5 | 2.5 | 1.4 | 1.1 |
| Total liabilities | 73.1 | 73.3 | 82.0 | 101.3 |
| Total equity | 82.4 | 84.2 | 79.6 | 76.7 |
| Net cash / (debt) ex leases | (2.9) | (2.5) | 1.0 | 6.9 |
| Order book | – | – | 82.6 | 56.2 |
| H2 Feb 26 | H1 Aug 25 | H2 Feb 25 | H1 Aug 24 | H2 Feb 24 | H1 Aug 23 | |
|---|---|---|---|---|---|---|
| Goodwill | 71.4 | 71.4 | 71.2 | 71.3 | 71.3 | 71.3 |
| Other intangibles | 2.0 | 2.3 | 2.6 | 2.8 | 3.2 | 3.5 |
| Property, plant & equipment | 8.8 | 9.4 | 10.1 | 5.1 | 5.6 | 4.5 |
| Associates & JVs | 0.0 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 |
| Other investments | 1.4 | 1.7 | 1.7 | 1.6 | 1.6 | 1.8 |
| Trade receivables | 39.2 | 37.0 | 40.9 | 41.5 | 37.7 | 38.0 |
| Cash | 23.4 | 18.8 | 20.5 | 26.0 | 28.0 | 29.1 |
| Current assets | 65.3 | 61.6 | 63.1 | 72.7 | 69.9 | 71.5 |
| Total assets | 155.4 | 153.6 | 157.4 | 160.6 | 161.6 | 164.9 |
| Trade payables | 37.3 | 28.9 | 34.7 | 43.5 | 43.6 | 47.3 |
| Borrowings, current | 0.0 | 2.6 | 2.4 | 3.0 | 3.0 | 0.7 |
| Current liabilities | 39.3 | 35.6 | 41.8 | 49.9 | 51.6 | 52.5 |
| Borrowings, non-current | – | 31.7 | 29.4 | 25.2 | 29.8 | 27.1 |
| Pension surplus / (deficit) | 3.5 | 3.0 | 2.5 | 1.8 | 1.4 | 1.8 |
| Total liabilities | 73.1 | 69.9 | 73.3 | 75.6 | 82.0 | 84.5 |
| Total equity | 82.4 | 83.7 | 84.2 | 85.0 | 79.6 | 80.4 |
| Net cash / (debt) ex leases | (2.9) | (5.6) | (2.5) | 3.3 | 1.0 | 3.1 |
| Undrawn facilities | – | – | – | 30.0 | – | – |
| Order book | – | 73.8 | – | 80.9 | 82.6 | 67.2 |
Line items extracted automatically from each results announcement; when a later report restates a period, the later figure is shown. LTM and H2 are calculated from reported periods. Check the source before relying on a figure.
Company filings. Not investment advice.