Northern Bear PLC (NTBR) announced an update on trading yesterday. We have published research on this which is attached and a snapshot of the research is below.
The stronger trading in Q1 has continued and yesterday’s Trading Update reported H1 trading to September 2025 above expectations. There is another surprise on the upside with a £1m non-recurring profit. We are upgrading our earnings forecasts, but cautiously due to the general economic uncertainty and as the roofing division, which acc ....

02 Oct 2025
Hybridan Research: Northern Bear plc (NTBR): Pleasant Surprises

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Hybridan Research: Northern Bear plc (NTBR): Pleasant Surprises
Northern Bear Plc (NTBR:LON) | 116 8.7 6.9% | Mkt Cap: 15.9m
- Published:
02 Oct 2025 -
Author:
Jon Levinson | Hybridan Team -
Pages:
8 -
Northern Bear PLC (NTBR) announced an update on trading yesterday. We have published research on this which is attached and a snapshot of the research is below.
The stronger trading in Q1 has continued and yesterday’s Trading Update reported H1 trading to September 2025 above expectations. There is another surprise on the upside with a £1m non-recurring profit. We are upgrading our earnings forecasts, but cautiously due to the general economic uncertainty and as the roofing division, which acc ....