Braemar
BMS · Main Market · Industrial Goods and Services · mcap £76m · 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.
| Date | Type | Announcement | Day |
|---|---|---|---|
| 09 Oct 26 | Change Of Auditor
Auditor changed from BDO LLP to MHA Audit Services LLP following a formal tender process. |
+0.9% | |
| 29 Sep 26 | Trading update | HY27 Trading Update
HY27 revenue up 16% to £74.3m, underlying operating profit up 7% to £6.0m, net debt zero. |
+3.6% |
|
in line expectations Revenue £74.3m (£63.9m)Underlying operating profit £6.0m (£5.6m)Net debt zero (£5.6m)Forward order book $73.4m ($72.5m)Strategic investments in HY27 £1.4m
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| 14 Sep 26 | Risk Advisory Division Launches Power Desk
Risk Advisory division launches Power brokerage desk in Dubai, led by hire from Tradition. |
−1.7% | |
| 14 Aug 26 | Director dealing | Grant of Share Incentives to PDMR
Group Chief Executive Officer granted nil-cost options and deferred bonus shares under remuneration plans. |
−2.2% |
| 02 Jul 26 | Result of AGM
All resolutions passed at annual general meeting with overwhelming shareholder majorities. |
+0.4% | |
| 02 Jul 26 | Trading update | AGM Trading Update
Positive momentum in new financial year; Grant Foley succeeds James Gundy as CEO; Richard Heading joins as CFO. |
+0.4% |
|
in line expectations Consensus revenue FY27 £139.7mConsensus underlying operating profit FY27 £14.2m
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| 25 Jun 26 | Board change | Group Chief Financial Officer Appointment
Richard Heading appointed Group Chief Financial Officer, joining 29 June 2026. |
+2.4% |
| 27 May 26 | Board change | Directorate Change
Richard Prince appointed as independent non-executive director; Catriona Valentine to step down at AGM. |
+0.8% |
| 21 May 26 | Results | Final Results
FY26 revenue £135.6m, down 4%, underlying operating profit £13.2m, down 21%, in line with expectations. |
+3.0% |
|
in line with expectations expectations Revenue £135.6m (£141.9m)Underlying operating profit £13.2m (£16.7m)Profit before tax £10.1m (£13.4m)Earnings per share (basic) 24.23p (31.30p)Total dividend per share 7.0p (7.0p)Forward order book $77.9m ($82.2m)
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| 25 Mar 26 | Trading update | FY26 Trading Update
FY26 revenue £135.0m and underlying operating profit £13.2m, in line with expectations. |
−2.7% |
|
in line expectations Revenue £135.0m (£141.9m)Underlying operating profit £13.2m (£16.7m)Net debt £2.9m (£2.5m)Forward order book $72.5m ($82.2m)
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| 17 Feb 26 | Board change | CEO Succession
CEO James Gundy to step down at AGM on 2 July 2026; Grant Foley, current CFOO, succeeds him. |
−0.9% |
| 05 Jan 26 | Issue of Shares
606,416 new ordinary shares issued as deferred consideration for Southport Maritime acquisition. |
+2.7% | |
| 15 Dec 25 | Issue of Shares
409,705 new ordinary shares issued as part of Southport Maritime acquisition consideration. |
−1.3% | |
|
New ordinary shares admitted 409,705Share price per share 10pIssued share capital following admission 32,461,187 ordinary sharesFurther shares to be allotted 606,416 shares
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| 05 Nov 25 | Results | Half-year Results
H1 revenue down 16% to £63.9m due to lower charter rates; board maintains full-year forecast with improving H2 market conditions. |
−3.4% |
|
consensus revenue £132.5m for full year expectations Revenue £63.9m (£76.0m)Underlying operating profit £5.1m (£7.3m)Profit after tax £2.9m (£4.6m)Net debt £5.6m (incl. restricted cash) (net cash £3.3m)Forward order book $73.8m ($80.9m)Interim dividend 2.5p per share (4.5p per share)
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| 27 Oct 25 | Notice of HY26 Results
Notice of HY26 results announcement on 5 November 2025. |
+0.0% | |
| 25 Sep 25 | Trading update | HY26 Trading Update
HY26 revenue £63.8m, underlying profit £5.5m; H2 improving, FY26 expectations unchanged. |
+1.6% |
|
HY26 Revenue £63.8m (£76.0m)HY26 Underlying profit c.£5.5m (£8.0m)Net debt at 31 August 2025 £5.6m (£2.5m)Forward order book end August 2025 $73.8m ($80.9m)
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| 14 Jul 25 | Opening of First African Office in Cape Town
Braemar opens first African office in Cape Town, expanding to 19 offices across 14 countries. |
+0.5% | |
|
Global offices 19Countries 14
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| 04 Jul 25 | Grant of Share Incentives to PDMRs
Share incentive awards granted to CEO and CFO under Long-Term Incentive Plan, vesting in July 2028. |
+0.5% | |
| 02 Jul 25 | Result of AGM
All AGM resolutions passed, including final dividend of 2.5p per share and director re-elections. |
+2.8% | |
| 11 Jun 25 | Investigation Update
NCA granted account freezing order on ring-fenced $2.5m provision relating to historic transactions from 2006-2013. |
+0.0% | |
|
Provision for historic transactions c. $2.5m
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| 06 Jun 25 | Notice of AGM
Braemar announces 2025 AGM on 2 July 2025 and recommends final dividend of 2.5 pence per share. |
+0.9% | |
| 29 May 25 | Commencement of Share Buyback Programme
Board approves £2.0 million share buyback programme to run until 30 September 2025. |
−7.8% | |
|
Buyback programme size £2.0 millionProgramme end date 30 September 2025Maximum Ordinary Shares authorised for purchase 3,292,488Minimum price per Ordinary Share 10 penceTotal issued share capital 32,924,877 Ordinary Shares
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| 29 May 25 | Results | FY25 Final Results
FY25 revenue fell 7% to £141.9m on weaker chartering, but underlying operating profit of £16.7m was 88% higher than FY21 baseline. |
−7.8% |
|
Revenue £141.9m (£152.8m)Underlying operating profit (before acquisition-related expenditure) £16.7m (£18.1m)Profit before tax £9.2m (£7.5m)Underlying earnings per share 31.30p (36.62p)Total dividend per share 7.0p (13.0p)Net debt £2.5m (£1.0m)
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| 20 May 25 | Investor Presentation at Mello London
Group CFO Grant Foley to present at Mello2025 investor conference on 3 June 2025. |
+0.0% | |
| 15 May 25 | Notice of FY25 Results
Braemar to announce FY25 audited results on 29 May 2025 with analyst briefing and investor webcast. |
−1.0% | |
| 24 Mar 25 | Trading update | FY25 Trading Update
FY25 revenue £141.0m and underlying operating profit £16.5m, below prior year due to second-half market pressures. |
−3.8% |
|
below expectations Revenue £141.0m (£152.8m)Underlying operating profit £16.5m (£18.1m)Net debt £2.5m (net cash £1.0m)Forward order book $82.2m ($82.6m)
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| 07 Mar 25 | Board change | Directorate Change
Group COO Tristram Simmonds stands down; CFO Grant Foley assumes wider remit including support functions. |
+0.4% |
| 28 Nov 24 | Director dealing | PDMR Share Dealing
Group Chief Operating Officer Tristram Simmonds sold 11,634 Braemar shares on 25 November 2024. |
−1.6% |
| 25 Nov 24 | Director dealing | PDMR Share Dealing
Group Chief Operating Officer Tristram Simmonds sold 45,756 shares between 20 and 21 November 2024. |
+3.7% |
| 22 Nov 24 | Director dealing | PDMR Share Dealing
Three PDMRs purchased ordinary shares on 21 November 2024 on the London Stock Exchange. |
+0.4% |
| 06 Nov 24 | Results | Half-year Results
HY25 revenue £76.0m, up 1% YoY; underlying operating profit £7.3m, up 9%; interim dividend raised to 4.5p. |
+5.7% |
|
on track to meet FY25 market expectations expectations Revenue £76.0m (£74.9m)Underlying operating profit £7.3m (£6.7m)Statutory operating profit £4.6m (£2.2m)Profit after tax £2.1m (£1.6m)Interim dividend per share 4.5p (4.0p)Forward order book $85.8m ($82.6m)
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| 25 Oct 24 | Notice of HY25 Results
HY25 revenue expected at least £75m with underlying operating profit slightly ahead of prior year. |
−4.9% | |
|
slightly ahead expectations HY25 Revenue (expected) not less than £75m (£74.9m)HY25 Underlying operating profit (expected) slightly ahead of prior year (£7.6m)Interim dividend (expected) 4.5 pence per share
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| 19 Sep 24 | Trading update | HY25 Trading Update
HY25 revenue expected at least £75m, slightly ahead on operating profit, net cash increased to £3.3m. |
+0.7% |
|
in line expectations HY25 Revenue (expected) not less than £75m (£74.9m)HY25 Underlying operating profit (expected) slightly ahead of prior year (£7.6m)Net cash at end of period £3.3m (£3.1m)Total forward orderbook (end August 2024) $80.9m ($67.2m)
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| 16 Aug 24 | Appointment of sole corporate broker
Canaccord Genuity Limited appointed as sole corporate broker with immediate effect. |
+0.0% | |
| 04 Jul 24 | Grant of Share Incentives to PDMRs
Nil-cost share options and deferred bonus awards granted to three executive PDMRs under LTIP and DBP schemes. |
+0.3% | |
| 03 Jul 24 | Result of AGM
All resolutions passed at 2024 AGM; five received over 20% votes against board recommendation. |
−1.2% | |
| 03 Jul 24 | AGM Statement
Group trading well in FY25 to date with performance in line with expectations. |
−1.2% | |
|
in line expectations FY25 revenue consensus £152.7mFY25 underlying operating profit consensus £18.2m
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| 24 May 24 | Investor Presentation
Management to present final results for year ended 29 February 2024 via Investor Meet Company. |
+0.5% | |
| 23 May 24 | Results | FY24 Final Results
FY24 revenue held flat at £152.8m despite weaker shipping rates; underlying operating profit fell 10% to £18.1m before acquisition costs. |
−3.2% |
|
in line with market expectations expectations Revenue £152.8m (£152.9m)Underlying operating profit (before acquisition-related expenditure) £18.1m (£20.1m)Profit after tax £4.6m (£4.6m)Underlying earnings per share (basic) 36.62p (46.22p)Total dividend per share 13.0p (12.0p)Forward order book $82.6m ($56.2m)
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| 16 May 24 | Notice of FY24 Results
FY24 results to be announced 23 May 2024, with revenue guidance of not less than £150m and underlying operating profit not less than £18m. |
+2.3% | |
|
in line with market expectations expectations Revenue guidance not less than £150m (£153m)Underlying operating profit guidance not less than £18m
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| 20 Mar 24 | Trading update | FY24 Trading Update
FY24 revenue and underlying operating profit in line with expectations; forward order book up 47% year-on-year. |
+0.6% |
|
in line expectations Revenue not less than £150m (£153m)Underlying operating profit not less than £18m (£20m)Net cash £1m (£7m)Forward order book US$83m (US$56m)Total dividend per share 13p (12p)
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| 18 Dec 23 | Result of AGM
All AGM resolutions passed, including final dividend of 8p per share and director remuneration report. |
+2.5% | |
| 12 Dec 23 | Grant of Share Incentives to PDMRs
Nil-cost share options and deferred bonus awards granted to four senior executives under LTIP and DBP schemes. |
−0.5% | |
| 07 Dec 23 | Change of Joint Corporate Broker
Braemar's joint corporate broker changes from Cavendish Securities to Cavendish Capital Markets following merger. |
−2.8% | |
| 01 Dec 23 | Dividend Payment Date Update
FY24 interim dividend of 4.0 pence per share payment date clarified as 2 April 2024. |
+0.4% | |
| 29 Nov 23 | Results | Half-year Results
H1 FY24 revenue grew 8% to £74.9m but underlying operating profit fell 38% to £6.7m due to FX headwinds and acquisition costs. |
−2.8% |
|
on track to meet FY24 market expectations expectations Revenue £74.9m (£69.4m)Underlying operating profit £6.7m (£10.9m)Underlying profit after tax £5.1m (£9.1m)Net cash £3.1m (£1.8m)Forward order book $65.6m ($56.2m)Interim dividend per share 4.0p (4.0p)
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| 21 Nov 23 | Restoration of Listing
Listing of Braemar ordinary shares restored on London Stock Exchange premium segment following publication of FY23 accounts. |
+20.2% | |
| 21 Nov 23 | Restoration - Braemar Plc
Braemar's ordinary shares restored to listing on the Official List and trading on London Stock Exchange. |
+20.2% | |
| 20 Nov 23 | Results | Annual Report in European Single Electronic Format
Published FY23 Annual Report in European Single Electronic Format. |
+0.0% |
| 16 Nov 23 | Results | FY23 Final Results
FY23 revenue up 51% to £152.9m, underlying operating profit doubled to £20.1m, net cash improved to £6.9m. |
+0.0% |
|
Revenue £152.9m (£101.3m)Underlying operating profit £20.1m (£10.1m)Underlying earnings per share 46.22p (27.95p)Net cash £6.9m ((£9.3m))Total dividend per share 12.0p (9.0p)Forward order book $65.6m ($56.2m)
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| 26 Oct 23 | Results | Trading and FY23 Results Publication Update
H1 FY24 operating profit expected at £7.0m; FY23 results delayed to mid-November due to investigation completion. |
+0.0% |
|
in line expectations H1 FY24 underlying operating profit (excluding FX) not less than £7.0m (£8.9m)FY23 revenue guidance not less than £150m (£101.3m)FY23 underlying operating profit guidance not less than £20.0m (£10.1m)FY23 total dividend per share 12 pence (9 pence)
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Company filings. Not investment advice.