REG - Northern Bear Plc - Trading Update

Northern BearAnnouncement

Wed 07:00

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RNS Number : 5020B  Northern Bear Plc  01 October 2025

1 October 2025

Northern Bear plc

("Northern Bear" or the "Company")

 

Trading Update

 

The Board of Directors (the "Board") of Northern Bear (LSE:NTBR), the AIM
quoted group providing specialist building and support services headquartered
in Northern England and serving customers across the UK, is pleased to provide
an update on trading for the Company and its subsidiaries (together, the
"Group").

Northern Bear confirms that the Group is currently trading ahead of
expectations since the publication of the preliminary results on 15 July 2025.

Based on EBIT for the first half of FY26, the full year outcome is expected to
be broadly consistent with the strong underlying profit performance for the
year ended 31 March 2025, after adjusting for H Peel & Sons Limited losses
and related closure costs in FY25 ("Adjusted FY25 EBIT") and excluding the
non-recurring profit noted below.

In addition, we are pleased to report a non-recurring operating profit of
approximately £1.0 million, which has enabled the Group to fully repay its
outstanding term debt of £1.275 million relating to the tender offer settled
on 8 December 2023.

Excluding this non-recurring profit, the Board currently expects EBIT for the
year to 31 March 2026 to be broadly in line with Adjusted FY25 EBIT, noting
our strong performance in H2 FY25 due to favourable winter weather
conditions.

The Board looks forward to providing a further update at the time of the
interim results in late November 2025.

 

For further information contact:

 

 Northern Bear PLC                          +44 (0) 166 182 0369

 John Davies - Chief Executive Officer

 Julian Davis - Chief Financial Officer

 Strand Hanson Limited (Nominated Adviser)  +44 (0) 20 7409 3494

 James Harris

 James Bellman

 Hybridan LLP (Nominated Broker)            +44 (0) 203 764 2341

 Claire Louise Noyce

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of
the European Union (Withdrawal) Act 2018.

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