Northern Bear Income Statement

Financials in millions GBP. Fiscal year is April - March.

Millions GBP. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	89.91	78.11	68.68	69.72	61.1	49.18
Revenue Growth (YoY)	29.61%	13.73%	-1.50%	14.12%	24.23%	-9.63%
Cost of Revenue	67.42	58.89	52.81	55.79	48.64	40.73
Gross Profit	22.49	19.22	15.87	13.94	12.46	8.46
Selling, General & Admin	16.79	15.87	13.47	11.83	10.01	8.64
Amortization of Goodwill & Intangibles	-	-	-	-	0.01	0.01
Other Operating Expenses	-0.03	-0.03	-0.03	-0.04	-0.04	-0.15
Operating Expenses	16.76	15.83	13.44	11.79	9.98	8.51
Operating Income	5.73	3.39	2.43	2.15	2.47	-0.05
Interest Expense	-0.32	-0.39	-0.29	-0.21	-0.16	-0.18
Interest & Investment Income	0.11	0.05	-	-	-	-
EBT Excluding Unusual Items	5.53	3.05	2.14	1.94	2.32	-0.23
Impairment of Goodwill	-	-	-	-	-2.61	-2.51
Asset Writedown	-	-	-	-	-	-0.36
Other Unusual Items	-	-	-	-	-0.59	1.46
Pretax Income	5.53	3.05	2.14	1.94	-0.88	-1.63
Income Tax Expense	1.37	0.75	0.51	0.34	0.45	0.16
Earnings From Continuing Operations	4.16	2.31	1.62	1.59	-1.33	-1.79
Net Income	4.16	2.31	1.62	1.59	-1.33	-1.79
Net Income to Common	4.16	2.31	1.62	1.59	-1.33	-1.79
Net Income Growth	174.36%	41.93%	2.01%	-	-	-
Shares Outstanding (Basic)	14	14	17	19	19	19
Shares Outstanding (Diluted)	14	14	17	19	19	19
Shares Change (YoY)	-4.61%	-19.50%	-8.57%	0.12%	0.04%	0.55%
EPS (Basic)	0.30	0.17	0.09	0.09	-0.07	-0.10
EPS (Diluted)	0.30	0.17	0.09	0.09	-0.07	-0.10
EPS Growth	186.67%	76.03%	11.61%	-	-	-
Free Cash Flow	6.08	5.5	-1.13	1.12	0.25	2.18
Free Cash Flow Per Share	0.43	0.40	-0.07	0.06	0.01	0.12
Dividend Per Share	0.025	0.025	0.020	0.040	-	-
Dividend Growth	25.00%	25.00%	-50.00%	-	-	-
Gross Margin	25.02%	24.60%	23.11%	19.99%	20.39%	17.19%
Operating Margin	6.38%	4.33%	3.54%	3.08%	4.05%	-0.10%
Profit Margin	4.63%	2.95%	2.37%	2.28%	-2.17%	-3.65%
Free Cash Flow Margin	6.76%	7.04%	-1.64%	1.61%	0.41%	4.42%
EBITDA	6.76	4.4	3.34	2.95	3.16	0.56
EBITDA Margin	7.51%	5.63%	4.86%	4.23%	5.17%	1.15%
D&A For EBITDA	1.03	1.01	0.91	0.8	0.68	0.61
EBIT	5.73	3.39	2.43	2.15	2.47	-0.05
EBIT Margin	6.38%	4.33%	3.54%	3.08%	4.05%	-0.10%
Effective Tax Rate	24.70%	24.48%	24.04%	17.77%	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.