Braemar Plc (BMS) Earnings Call Transcripts

Braemar Plc's Latest Earnings Call - May 21, 2026

Braemar Plc reported its full-year results for FY '26, with revenue at GBP 135.6 million, a 4% decline year-over-year, primarily due to weaker chartering rates in the first half. Underlying operating profit was GBP 13.2 million, down 21% from the previous year, reflecting the revenue drop. The company maintained its full-year dividend at GBP 0.07 per share. Management highlighted a strong second-half recovery and a robust forward order book, now at $78 million. The strategic focus remains on diversification and expansion, with new offices and hires supporting future growth.

Reported metrics

Guidance from management

Management maintained its revenue target of GBP 200 million by FY '30, supported by strategic hires and potential acquisitions. The forward order book has strengthened to $78 million, indicating a positive outlook.

What management said

Thank you, Grant. I'll just like to say to add to that, that I have utmost faith in Grant doing a stellar job coming into the role. For me, it's stepping back into full-time broking, but I've always never stopped broking. I've always been on the desk. So for me, it's not such a difficult transition. And I wish them all the very best, and that's all to say as well.

Yes. And I'd add that there was some staff turnover in the earlier part of the year and that seems to settle in the latter part of the year. And we are, as James said, attracting established talent as well as a strong pipeline of talent.

What analysts pressed on

Analysts questioned the sustainability of revenue growth amid geopolitical tensions and the impact of staff turnover. There were also inquiries about the company's leverage strategy for future acquisitions and the potential undervaluation of shares.

Main topics on the call

• Revenue Decline — Revenue for FY '26 was GBP 135.6 million, a 4% decrease from the prior year, driven by weaker chartering rates, particularly in the first half. Management noted a 12% revenue increase in the second half, indicating recov...
• Operating Profit and Margin — Underlying operating profit fell to GBP 13.2 million, a 21% decline, with margins dropping to 10% from the previous year. The second half saw margin improvement to 11% as revenues recovered.
• Risk Advisory Growth — The Risk Advisory segment, including the securities business, grew by 29% to GBP 28.8 million, driven by increased volatility and the launch of a U.K. Organized Trading Facility.
• Strategic Expansion — Braemar expanded its global footprint, opening new offices in Cape Town and planning for Dubai. The company hired 16 new brokers, exceeding its target, and continues to pursue strategic acquisitions.

Read the full Braemar Plc transcript (May 21, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 14 Braemar Plc earnings call transcripts on record, spanning December 2, 2021 to May 21, 2026. Based on this history, Braemar Plc reports semi-annually. The most recent call on file is dated May 21, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

BMS

Exchange

LSE

Country

GB

Sector

Industrials

Industry

Transportation Infrastructure

Calls on record

14

First call

December 2, 2021

Most recent

May 21, 2026

Reporting cadence

semi-annually