Braemar (LSE:BMS) said the positive trading momentum achieved during the second half of the previous financial year has continued into the opening months of FY27, with the board remaining confident of delivering profitable growth broadly in line with market expectations.
According to company-compiled consensus forecasts, the market expects Braemar to generate revenue of approximately £139.7 million and underlying operating profit of £14.2 million for the financial year, reflecting resilient performance despite ongoing uncertainty across global shipping and energy markets.
Executive leadership changes take effect
Alongside its trading update, Braemar confirmed a planned change in senior leadership. Grant Foley will succeed as Group Chief Executive after serving as Group Chief Financial Officer and Chief Operating Officer.
Current Group CEO James Gundy will step down from the board to concentrate on shipbroking activities, while non-executive director Catriona Valentine will also leave the board following the company’s annual general meeting. The changes form part of a broader governance transition as Braemar prepares for its next phase of development under new executive leadership.
Financial resilience supports outlook
Braemar continues to benefit from a solid financial position, supported by moderate leverage and consistently positive free cash flow. However, lower net profitability and reduced return on equity during 2026 remain areas for investors to monitor.
Technical indicators remain constructive, with the share price trading above key moving averages, although the company’s relatively high earnings multiple may limit valuation appeal. Recent earnings commentary also pointed to a balanced outlook, with short-term profit pressures offset by an improving order book, continued business diversification and increased balance sheet flexibility.
More about Braemar Plc
Braemar Plc is a London-listed shipbroking and maritime services group providing chartering, shipping investment and risk management advice to clients operating across the global shipping and energy industries. The company combines specialist market expertise with advisory services designed to help customers navigate complex and cyclical international shipping markets.
In addition to its core shipbroking operations, Braemar provides consulting, corporate finance and risk management services, supporting clients across the maritime sector with solutions focused on operational performance, investment opportunities and long-term value creation.
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