BRAEMAR PLC - Final results for the year ended 28 February 2026

Braemar PLC delivered a resilient FY2025/26 investor update, highlighting the company’s continued transformation into a more diversified and financially robust global shipbroking and risk advisory group. Revenue reached £135.6 million, down 4% year-on-year due to weaker tanker chartering rates in the first half, while underlying operating profit stood at £13.2 million with EBITDA margins supported by strong cost control and improved second-half trading momentum. The company reported a strengthened forward order book of $78 million post year-end, improved revenue per head to £350,000, and a return to a net cash position shortly after year-end, underscoring strong cash generation and balance sheet discipline. Braemar’s risk advisory and securities division delivered standout growth, with revenue rising 29%, supported by market volatility and expansion of its trading infrastructure. Management emphasized the benefits of diversified revenue streams across chartering, investment advisory, and securities businesses, helping offset geopolitical disruption in the Middle East and evolving global shipping routes. Strategic progress included expansion into Africa, new broker hires, AI-driven operational efficiencies, and continued focus on disciplined acquisitions to support the group’s FY2030 revenue target of £200 million. The board maintained its full-year dividend at 7 pence per share and reaffirmed confidence in long-term market fundamentals, growth strategy, and shareholder value creation.