Clarkson PLC

CKN

Equity

ISIN GB0002018363 / Valor 378910

LSE London Stock Exchange, SETS (2026-04-02)

GBP 47.25+1.83%

Clarkson PLC
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About company

Clarkson PLC is a leading provider of integrated maritime services, offering a comprehensive range of solutions that include ship broking, research, finance, digital tools, and port services. The company is renowned for its extensive industry expertise and global reach, enabling it to serve clients across various sectors of the maritime industry. Clarkson's services are underpinned by a strong emphasis on intelligence and industry insight, allowing it to deliver informed and effective solutions. The company also places a significant focus on compliance, particularly in relation to global sanctions and money laundering, ensuring that both Clarkson and its clients adhere to the necessary legal and regulatory standards.

Summarized from source with an LLMView SourceSector: Consumer Services

Headline financials

Underlying profit before taxation £39.4m (down from £51.5m), underlying basic EPS 98.6p (down from 129.1p). Total revenue £297.8m (H1 2024: £310.1m). Reported profit before tax £37.5m and reported basic EPS 93.0p.

Dividend & cash

Interim dividend increased to 33p per share (2024: 32p). Free cash resources were £206.2m (30 June 2024: £178.4m). Cash and cash equivalents at 30 June were £265.7m (31 Dec 2024: £431.3m); net cash & available funds £227.1m (31 Dec 2024: £243.7m).

Division performance — Broking

Broking remains the largest division: revenue £222.2m (2024: £247.7m) and operating profit £41.8m (2024: £53.4m) with a margin of 18.8% (2024: 21.6%). Softer freight and asset markets, US policy/tariff uncertainty and a weaker USD against sterling were cited as key drivers.

Division performance — Financial & Research

Financial division improved: operating profit £4.5m on £28.9m revenue (H1 2024: £1.2m on £18.3m). Research delivered an excellent result: operating profit £5.1m on £13.1m revenue and a high margin (~39%), supported by recurring data/subscription growth.

Support, Sea and digital investment

Support division operating profit declined to £2.9m (2024: £4.0m) but secured a long-term 10‑year contract in Europe. Sea (digital platform) continued user growth (120+ charterers, 800+ broking entities) and is progressing AI initiatives and product enhancements.

Foreign exchange impact

A weaker US dollar (average US$1.30 v GBP in H1 2025 vs US$1.26 in H1 2024; spot US$1.37 at 30 June) generated an unrealised FX loss that increased Head Office costs and contributed to margin pressure, particularly in Broking.

Balance sheet & capital outlook

Strong balance sheet with net cash and available funds and continued focus on cash generation. Management reiterates intent to invest in people, technology and M&A where accretive, and expects the year to be second-half weighted.

Outlook

Clarkson PLC notes a complex macro and geo-political backdrop with softer freight in many segments but continued underlying demand drivers (fleet renewal, green transition). The Board expects H2 weighting and remains committed to its progressive dividend policy and strategic investments.

Summarized from source with an LLMView Source

Key figures

36.2%1Y

52.9%3Y

69.9%5Y

Performance

26.6%1Y

29.6%3Y

30.8%5Y

Volatility