# Clarkson raises full-year expectations after record first half

- Link: https://www.directorstalkinterviews.com/clarkson-raises-full-year-expectations-after-record-first-half/4121259406
- Published: 2026-08-06T15:20:00+01:00
- Author: Amilia Stone

Clarkson expects its full-year results to be materially ahead of market expectations
after reporting record first-half figures driven by disruption across global shipping
markets.

The shipping services group generated revenue of £413.5 million in the six months
to 30 June, up from £297.8 million a year earlier. Underlying pre-tax profit increased
to £61.5 million from £39.4 million, while underlying earnings per share rose to
147.6p from 98.6p.

Clarkson’s broking division produced a record first-half operating profit of £64.8
million, compared with £41.8 million in the same period last year. Its operating
margin increased to 20.9%.

The division benefited from disruption in the Strait of Hormuz, which changed trade
routes, reduced available vessel capacity and increased freight market volatility.
Shipowners and cargo interests responded by seeking alternative routes, negotiating
new charter arrangements and increasing hedging activity.

These conditions increased demand for Clarkson’s core broking services. Longer voyages
require vessels to remain occupied for more time, tightening effective supply and
supporting freight rates. Greater uncertainty also creates more transactions as 
customers adjust shipping plans and manage their exposure.

Clarkson’s financial division also delivered a stronger result. Operating profit
increased to £11.7 million from £4.5 million, while revenue rose to £48.1 million
from £28.9 million. Activity was supported by shipowners seeking new credit and 
refinancing options.

_**Finsbury Growth & Income Trust Plc** (LON:FGT) invests in the shares of predominantly
UK-listed companies, with the objective of achieving capital and income growth. _

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