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.

Target	Promise	Said	Status
2025
FY25	Underlying operating profit of at least £18m from FY25 onwards.	16 Nov 2023	✗ Missed
	“continues to trade well in FY24, remaining on track to deliver underlying operating profit of not less than £18m from FY25 onwards” Result FY25 underlying operating profit was £16.7m, and FY26 £13.2m. “Underlying operating profit (before acquisition-related expenditure) of £16.7 million”29 May 2025 · FY25 Final Results
FY25	Double FY21 underlying operating profit on a sustainable basis by FY25.	29 Nov 2023	✗ Missed
	“remain on track to double FY21's underlying operating profit by FY25 on a sustainable basis” Also stated 6 Nov 2024 Result FY25 profit of £16.7m was 88% above FY21, short of doubling. “Strong performances in our Investment Advisory and Risk Advisory segments partially offset the fall in Chartering revenues, helping generate underlying operating profits (before acquisition related costs) of £16.7 million, 88% higher than FY21 when we last set our medium-term targets.”29 May 2025 · FY25 Final Results