Northern Bear

NTBR · AIM · Construction and Materials · mcap £16m · 102.5p

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Financials · LTM to 31 Mar 26

Source: results 16 Jul 26 ↗

Revenue: £86.1m
Operating profit: £5.1m
Net income: £4.2m
Free cash flow: £3.2m
Net cash: £6.2m
Market cap: £14.6m
EV / EBIT: 1.7×
FCF yield: +22.0%
Price / book: 0.6×

Latest half-year · H1 Sep 25 vs H1 Sep 24 results 19 Nov 25 ↗

Revenue: £49.4m
Operating profit: £4.1m
Net income: £3.0m
Cash from operations: £3.0m

Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

Income statement Cash flow Balance sheet

Annual Half-yearly

Latest report: FY Mar 26 (twelve months to 31 Mar 26), published 16 Jul 26 · read the results ↗

£m unless stated · newest first · italic = calculated (LTM, H2 = FY − H1) · hover a value for its source

	FY Mar 26	FY Mar 25
Revenue	86.1	78.1
Gross profit	22.0	19.2
Adjusted EBITDA	5.5	5.4
Adjusted operating profit	3.8	3.8
Operating profit	5.1	3.4
Depreciation (owned assets)	1.0	1.0
Depreciation (right-of-use)	0.7	0.5
Amortisation	0.0	0.0
Share-based payments	0.0	0.0
Finance costs	(0.2)	(0.4)
Profit before tax	5.0	3.1
Tax	(0.9)	(0.7)
Net income (owners)	4.2	2.3
EPS basic	30.2p	16.8p
EPS diluted	29.3p	16.7p

	H2 Mar 26	H1 Sep 25	H2 Mar 25	H1 Sep 24
Revenue	36.7	49.4	40.5	37.6
Gross profit	9.7	12.2	10.3	8.9
Adjusted EBITDA	0.6	4.9	2.9	2.5
Operating profit	1.0	4.1	1.6	1.7
Depreciation (owned assets)	0.5	0.5	0.5	0.5
Depreciation (right-of-use)	0.4	0.3	0.3	0.3
Amortisation	0.0	0.0	0.0	0.0
Share-based payments	0.0	0.0	0.0	0.0
Finance costs	(0.1)	(0.1)	(0.2)	(0.2)
Profit before tax	1.0	4.0	1.5	1.5
Tax	0.1	(1.0)	(0.4)	(0.4)
Net income (owners)	1.1	3.0	1.2	1.2
EPS basic	8.3p	21.9p	8.4p	8.4p
EPS diluted	8.0p	21.3p	8.3p	8.4p

	FY Mar 26	FY Mar 25
Cash from operations	6.3	7.4
Interest paid	(0.2)	(0.4)
Tax paid	(0.6)	(0.3)
Capex (PP&E)	(2.0)	(1.9)
Lease principal paid	(0.9)	(0.6)
Lease interest paid	–	0.1
Dividends paid	(0.5)	(0.3)
Shares issued	0.0	0.0

	H2 Mar 26	H1 Sep 25	H2 Mar 25	H1 Sep 24
Cash from operations	3.2	3.0	5.1	2.3
Interest paid	(0.1)	(0.1)	(0.2)	(0.2)
Tax paid	(0.6)	(0.0)	(0.4)	0.1
Capex (PP&E)	(0.9)	(1.1)	(0.9)	(1.0)
Lease principal paid	(0.4)	(0.5)	(0.2)	(0.4)
Lease interest paid	–	0.0	0.1	0.1
Dividends paid	0.0	(0.5)	0.0	(0.3)
Shares issued	0.0	0.0	0.0	0.0

	FY Mar 26	FY Mar 25
Other intangibles	–	15.4
Property, plant & equipment	6.1	6.0
Inventories	1.5	1.5
Trade receivables	12.1	13.3
Cash	6.2	4.0
Current assets	19.7	18.8
Total assets	44.7	42.6
Trade payables	13.7	14.3
Borrowings, current	0.0	0.7
Lease liabilities, current	0.9	0.7
Current liabilities	15.8	17.2
Borrowings, non-current	0.0	0.8
Lease liabilities, non-current	1.6	1.1
Total liabilities	18.6	20.2
Total equity	26.0	22.3
Net cash / (debt) ex leases	6.2	2.5

	H2 Mar 26	H1 Sep 25	H2 Mar 25	H1 Sep 24
Other intangibles	–	15.4	15.4	15.4
Property, plant & equipment	6.1	6.2	6.0	5.9
Inventories	1.5	1.7	1.5	1.4
Trade receivables	12.1	16.9	13.3	14.1
Cash	6.2	3.8	4.0	1.4
Current assets	19.7	22.5	18.8	17.0
Total assets	44.7	47.2	42.6	40.6
Trade payables	13.7	16.8	14.3	12.6
Borrowings, current	0.0	0.0	0.7	0.7
Lease liabilities, current	0.9	0.7	0.7	0.7
Current liabilities	15.8	19.8	17.2	14.9
Borrowings, non-current	0.0	0.0	0.8	2.1
Lease liabilities, non-current	1.6	1.3	1.1	1.2
Total liabilities	18.6	22.4	20.2	19.5
Total equity	26.0	24.8	22.3	21.1
Net cash / (debt) ex leases	6.2	–	2.5	–

Line items extracted automatically from each results announcement; when a later report restates a period, the later figure is shown. LTM and H2 are calculated from reported periods. Check the source before relying on a figure.

Company filings. Not investment advice.