Braemar (LSE:BMS) reported revenue of £74.3 million for the six months ended 31 August 2026, an increase of 16%, supported by the shipping rate environment during the period.
Underlying operating profit increased 7% to £6.0 million after £1.4 million of investment related to the group’s growth strategy.
Braemar reduced net debt to zero during the first half and reported a forward order book of $73.4 million.
The company said it remains confident of meeting market expectations for the full financial year.
Braemar Invests in Expansion
During the period, Braemar continued to invest in its operations, including through senior appointments and the establishment of a new power desk.
The company expects these investments to contribute to profit growth during the second half of the financial year.
Braemar provides chartering, advisory and risk management services to customers across global shipping and energy markets.
Group Targets £200 Million Revenue by FY30
Management reiterated its strategic target of developing Braemar into a business generating £200 million of annual revenue by FY30.
The target remains a company objective and will depend on the execution of its growth strategy over the coming years.
Braemar said its balance sheet and ongoing investments provide a platform for pursuing its expansion plans while continuing to serve customers across its shipping and energy markets.
More About Braemar
Braemar Plc is a London-listed provider of chartering, investment and risk management advisory services to the global shipping and energy industries.
The group employs brokers and other specialist professionals who provide services to customers operating across maritime and energy markets. Braemar has traded on the London Stock Exchange under the symbol BMS since 1997.
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