NORTHERN BEAR PLC - Preliminary results for the year ended 31 March 2026

Northern Bear PLC’s latest investor update highlights resilient company performance despite challenging market conditions, with revenue increasing 10.2% to £86.1 million and gross margin improving to 25.5% through disciplined contract selection, procurement efficiencies and a focus on higher-quality work. Adjusted operating profit remained stable at £3.8 million, while EBITDA-driven cash generation enabled the group to end the year with £6.2 million of net cash, no external debt and a strong balance sheet. The diversified construction and specialist building services group continues to benefit from balanced exposure across public and private sector clients, with growth in roofing, electrical, fire protection, materials handling and decarbonisation services. Management outlined a clear growth strategy focused on organic expansion, selective acquisitions, operational efficiencies, investment in people, and capitalising on opportunities in fire safety, solar, affordable housing and public sector frameworks. Supported by strong cash flow, improving shareholder returns and continued investment in new business initiatives, Northern Bear remains confident in delivering sustainable revenue growth, healthy margins and long-term value creation despite ongoing macroeconomic headwinds.