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
Today · 10 Oct 2026
2027
FY27	In FY27: hire 10 brokers, set up one Risk Advisory desk, complete one M&A deal.	21 May 2026	… In progress
	“Hiring 10 new brokers” Status so far Not yet due.
FY27	Profitable growth in FY27 in line with market expectations, with second-half conversion of investments.	2 Jul 2026	… In progress
	“expect the strategic investments made in the first half, including senior hires and the establishment of our power desk, to convert to profitable growth in the second half” Also stated 29 Sep 2026 Status so far Not yet due.
2030
FY30	By FY30: £200m revenue, 15% underlying operating margin, £30m Risk Advisory revenue, net debt below 1.5x EBITDA.	29 May 2025	… In progress
	“£200m of Group revenues; £30m Risk Advisory revenues; 15% underlying operating profit margin; and net debt maintained below 1.5x EBITDA through all years” Also stated 5 Nov 2025 · 17 Feb 2026 · 21 May 2026 · 27 May 2026 · 29 Sep 2026 Status so far Not yet due.