Shares of Newcastle-based building services group Northern Bear plc rose as much as 12% after it published a trading update, confirming that the group is “currently trading ahead of expectations since the publication of the preliminary results on 15 July 2025.”

Northern Bear’s shares are up about 95% for the past year.

The Newcastle firm said: “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.”