27th Apr 2026 12:17
(Alliance News) - Power Probe PLC on Monday reported first-quarter trading in line with its expectations, as it posted a 26% top line gain for 2025.
The producer of automotive electrical diagnostic tools for professional service technicians reported USD4.5 million in pretax profit for 2025, down 41% from USD7.7 million in 2024.
Revenue however grew 26% to USD39.4 million from USD31.3 million, as Power Probe noted sustained demand across its core product lines, and the accelerated adoption of new products launched in the last three years.
The softer earnings amid the improved top line are owed to higher costs, with Power Probe recording USD3.3 million in exceptional costs related to the IPO, up from nothing a year prior.
The company began trading on AIM in December, launching its initial public offer of shares at 82 pence each, and raising gross proceeds of around USD15 million.
Shares in the company were down 4.1% at 71.00 pence on Monday morning in London.
Also hampering profit were selling and marketing expenses, up 27% at USD3.9 million, with general and administrative expenses growing 22% to USD3.4 million.
Research and development expenses multiplied to USD466,786 from USD93,581.
Power Probe declared an initial dividend of 2.16 US cents, noting that going forward it will declare both interim and final dividends "in line with a progressive dividend policy which reflects the long-term earnings and cashflow potential of theg group whilst maintaining an appropriate level of dividend cover".
On current trading, Power Probe said its performance in the first quarter of 2026 has been "encouraging" as well as in line with its expectations.
"We're pleased to have delivered a strong financial and operational performance in FY25, alongside the successful AIM IPO in December. Our revenue performance was driven by continued product innovation and supported by further growth into new markets, reflecting the significant strategic progress made during the year," said Chief Executive Chema Garcia.
"We enter 2026 with strong momentum and enthusiasm for the opportunity ahead. While we continue to monitor potential implications from the conflict in the Middle East, our operations remain unaffected and trading in the first quarter of 2026 has been in line with expectations."
By Christopher Ward, Alliance News reporter
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