Newcastle-based building services group Northern Bear plc said its revenue grew 14% to £78.1 million in the year to March 31, 2025, and profit before income tax rose about 43% to £3.052 million.

A final dividend of 2.5p per ordinary share is proposed. In addition, a special dividend of 1.0p per ordinary share is proposed to reward shareholders “following the excellent trading performance in FY25.”

Northern Bear’s shares have risen more than 50% over the past year.

The firm said: “Site activity levels remained high, despite the ongoing macro-economic challenges and their related impact on the construction industry.

“Trading has been strong throughout FY25, with the group benefitting from the very dry winter period and the strategy of maintaining a good balance of private and public sector clients.”

Northern Bear said trading in the first quarter of the current financial year (FY 26) has started positively and results are in line with management expectations for Q1 FY 26. 

“As always, the timing of Group turnover and profitability is difficult to predict, despite the continued strong forward order book, and our results are subject to monthly variability,” added the firm.

“The latest expectations for FY26 are for operating profits to remain consistent with the excellent results in FY25 notwithstanding significant investments in both personnel and premises to generate further growth.”