Braemar (LSE:BMS) released preliminary results for the year ended 28 February 2026 showing revenue of around £135 million and underlying operating profit of approximately £13.2 million. Both figures met market forecasts but were below the previous year’s levels. The company reported net debt of £2.9 million at the end of the financial year, though it returned to a net cash position in March following a stronger second half, supported by the group’s diversified operating structure.
During the year, Braemar continued to advance its strategic plan. Key developments included opening its first office in Africa, launching a UK Organised Trading Facility within its Securities division, completing a £2 million share buyback programme, and strengthening its leadership team with senior hires. The company also remains active in evaluating potential bolt-on acquisitions to support growth.
Braemar said its forward order book remains solid at $72.5 million. While geopolitical tensions in the Middle East continue to create uncertainty, the board reiterated confidence in the company’s long-term strategy. Full-year results and a decision on the final dividend are expected by the end of May 2026.
The group’s operational performance and corporate activity provide positive signals, though weaker technical indicators point to some market caution. The shares appear reasonably valued and continue to offer an attractive dividend yield, but bearish momentum and oversold conditions may weigh on near-term sentiment.
More about Braemar Shipping Services
Braemar Plc is a London-listed advisory and brokerage firm serving the global shipping and energy industries. The company provides investment advisory, chartering and risk management services, combining experienced shipbrokers with specialist professionals to help clients navigate market volatility and improve returns. Braemar has traded on the London Stock Exchange under the ticker BMS since 1997.
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