REG - Power Probe PLC - FY25 Trading Update
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RNS Number : 1333S Power Probe PLC 09 February 2026
9 February 2026
Power Probe PLC
FY25 Trading Update
Strong trading momentum and product innovation underpin revenue and margin
growth plans
Power Probe ("Power Probe", the "Group" or the "Company"), a leading producer
of automotive electrical diagnostic tools for professional service
technicians, today issues a trading update for the year ended 31 December
2025* ("FY25").
Continued strong trading
The strong trading performance detailed in the Admission Document published in
December 2025 as part of Power Probe's successful AIM IPO continued during the
second half of 2025.
FY25 revenue increased by c.25% vs FY24 and was primarily driven by product
innovation, supported by Power Probe's stable core product offering and
further growth in new markets and territories. New products launched in the
last three years contributed to c.35% of FY25 revenue, more than double the
contribution in the prior year, with a total of six new products launched
during 2025. The Group maintained strong margins for the year with gross
margin of c.40% and underlying EBITDA margin of c.23%.
As a result, FY25 revenue and underlying EBITDA are expected to be in line
with market expectations at approximately $39m and $9m respectively.
Ongoing delivery of operational milestones
During the period, Power Probe strengthened its positioning with key OEM
partners. A number of strategic accounts were opened during the year,
facilitating entry into programmes with Ford, Hyundai, Honda and Toyota which
are expected to generate revenue for the Group in FY26.
The Group also opened its new distribution facility in Nuneaton, UK in the
second half of 2025 to facilitate expansion beyond its core US market
initially into the UK and selected European markets, a major area of strategic
importance for the Group given the strong growth potential in the region.
Unchanged outlook
Trading in the initial weeks of 2026 has been encouraging while the strong
momentum in new product sales evidenced in FY25 is expected to continue into
FY26.
The Group continues to see robust demand for existing Power Probe branded
products and remains confident that the Group's pipeline of new products will
enjoy strong demand as they are strategically released to the market through
the course of the year.
Within its private brands business, the Group is focussed on developing new,
higher margin revenue channels focused on mobile tool distributor customers,
replacing low margin legacy accounts (c.15% of revenue in FY25). This,
alongside pricing initiatives within the broader Power Probe branded product
portfolio, is expected to contribute to enhanced gross margin in FY26.
Looking further ahead, the Group sees significant opportunities for
longer-term growth in top line and margin through the investment in
manufacturing assets in the Charlotte, N.C. facility which will strengthen the
Group's innovation pipeline and expand production capacity closer to the
Group's key US market.
Chema Garcia, Chief Executive Officer, commented:
"We're extremely pleased with the Group's strong performance in FY25. We're
excited to enter FY26 with good momentum in the Power Probe brand as we look
to execute on our key strategic priorities of continued product innovation,
growth into new markets and new territories, and working diligently towards
the introduction of "Made in USA" product out of our Charlotte, N.C. facility.
Our successful IPO in December was just the start of the journey, and we are
looking forward to building on the great work of the last year as we embark on
the next exciting chapter in Power Probe's development."
*Financial information for FY25 remains subject to audit
CONTACT DETAILS
Power Probe https://powerprobe.com/en/
(https://protect.checkpoint.com/v2/r02/___https:/powerprobe.com/en/___.YXAxZTpzaG9yZWNhcDpjOm86OGEwZTQwNzA0NGIxMmM5OTU2NjZjZDNlZGVhMzdlZjk6Nzo1ZDZhOmY5N2FiMjJjZGM1Y2Q5NDI3ZGFjZGY3Y2EyYmIzMmYwMGM2ODM3ODIxNjZjOWU0OGRjOTU1YzZkOGQ2MjNkMjU6cDpGOk4)
Chema Garcia, Chief Executive Officer
c/o Sodali & Co
Fabio Medina, Chief Financial Officer
Tom Marsh, Corporate Development & Investor Relations
Shore Capital (Nominated Adviser & Broker) +44 (0)20 7408 4090
Toby Gibbs / Harry Davies-Ball (Corporate Advisory)
William Marshall (Corporate Broking)
Sodali & Co +44 (0)78 5543 2699
James White / Tilly Abraham / James Whitaker powerprobe@client.sodali.com (mailto:powerprobe@client.sodali.com)
About Power Probe
Power Probe is a leading producer of automotive electrical diagnostic tools
for professional service technicians.
The Group was founded in 1992 in California, USA, and has grown to become an
internationally renowned brand, designing and distributing over 120 products.
It is driven by a relentless focus on product quality, continuous innovation
and customer care, as captured in its mission statement: "Simplifying
Automotive Diagnostics".
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