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Northern Bear PLC on Tuesday said profit grew nearly 50% during its most recent financial year, and reported improved margins due to the ‘careful’ selection of contracts. The Newcastle Upon Tyne, England-based specialist building and support services company said pretax profit rose 48% to £3.1 million in the year that ended March 31, from £2.1 million the year before. Revenue grew 14% to £78.1 million from £68.7 million, and administrative expenses increased 18% to £15.9 million from £13.5 million. Gross margin improved to 24.6% from 23.1% a year prior, as a result of a move in the sales mix to ‘higher-margin areas’ of the business and ‘continued careful contract selection and execution’. Adjusted earnings before interest, tax, depreciation and amortisation were up 32% to £5.4 million from £4.1 million. Northern Bear declared a final dividend of 2.5 pence per share, plus a special dividend of 1.0p ‘to reward shareholders following the excellent trading performance’ during financial 2025. ‘Our forward order book remains strong and is expected to support our trading performance in the coming months,’ said Chief Executive Officer John Davies. ‘As we have regularly reported, the timing of group turnover and profitability is difficult to predict, despite the continued strong order book, and our results are subject to monthly variability...We have made a strong start to FY26 and results to date have been in line with management expectations.’ Shares in Northern Bear were up 1.8% at 94.20 pence in London on Tuesday afternoon. The stock has risen 53% over the past year. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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