Operator

Good afternoon, and welcome to the Braemar Plc investor presentation. [Operator Instructions]

Before we begin, I'd like to submit the following poll, which I kindly ask you submit your responses. I'd now like to hand over to CEO, James Gundy. James, good afternoon.

James Christopher Gundy
Group CEO & Executive Director

Good afternoon, and thank you, and welcome, everyone, and welcome to Braemar's '25-'26 Full Year Results. My name is James Gundy and Grant Foley, CFO. But as you know from the presentation, Grant will be taking over my place as I step down.

So to start the presentation, it's a little bit about -- I'll give a little short intro on where we were and where we are today from when I took over 5 years ago. Just quickly, I came into the business, I had a very clear vision of simplifying the business, reducing the debt of the business and buying more and building out the security business, which we built into in 2017, which to complement our presence in the broking space.

So you can see from this chart, which is in front of you, you can see we were in 2021 at GBP 83.7 million revenue then. Now we're at 135.6 million. And you can see from below that, you can see the chartering percentage there of 27% investment advisory, which is sale and purchase and finance, 44%. And you can see risk advisory, which is a security business has risen by 785% we're proud of that.

The underlying operating profit from '21 to '26 has gone from GBP 7.7 million, which is GBP