Power Probe plc
Power Probe PLC develops, markets and sells diagnostic equipment (powered circuit probes, parasitic draw meters, cable tracers, testing kits, multimeters and related tools) for the automotive industry under the Power Probe brand and private-label brands, serving professional service technicians primarily in the US. The Group listed on AIM in December 2025, has one reportable operating segment, and manufactures mainly via a Taiwan-based partner with a growing US (Charlotte, NC) manufacturing and UK (Nuneaton) distribution footprint.
FY2025 in sixty seconds
year to 31 Dec 2025 · approved 28 Apr 2026 · 86 pages · Companies House
Power Probe PLC makes electrical testing tools for car mechanics, mainly in the US, and listed its shares on the AIM stock market in December 2025. In 2025 its sales rose 25.7% to $39.4m, from $31.3m, but profit after tax fell to $3.1m from $5.8m.
Sales grew because new products made up a much larger share of revenue, and because of growth in the US and in the UK and Europe. Profit fell for two reasons. The company kept less from each sale, partly because of lower-earning work making products sold under other firms' brands, which it is moving away from. Running costs also rose, mostly because of one-off costs of the share listing, plus legal costs and extra hiring.
The company ended the year with $15.3m in cash and no borrowings. This was helped by $13.0m raised from new shares, and an $8.0m bank loan facility was unused. A $4.0m dividend was paid before the group was reorganised. Management said early 2026 trading was encouraging. The auditor raised no concerns, but the report warns of heavy reliance on a few large customers and one manufacturer in Taiwan.
New product launches
Products launched in the last three years (excluding private brands) contributed 34.8% of revenue in 2025 vs 15.5% in 2024; six new products launched in the year including PPDRAW, PPFUSE and DM300AUTO
page 5Private brands product mix / lower margin legacy accounts
Gross margin fell 4.5pts to 40.0%, impacted by product mix and lower margin across the private brands business unit; Group strategically moving away from this legacy business
page 7Trading in the first quarter of 2026 has been encouraging and in line with management expectations; four new products launched year-to-date and product secured in GM and Stellantis dealership programmes
page 6The Board has adopted a progressive dividend policy reflecting the long-term earnings and cashflow potential of the Group whilst maintaining an appropriate level of dividend cover; no dividend was paid by the Company during the period, though a $4,000,000 dividend was paid by the subsidiary prior to the group reconstruction on 26 February 2025
page 32 years on one page · FY2024–FY2025
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USD millions, negatives in brackets. Per-share lines in cents. Share counts in millions. Margins and returns as percentages, calculated from the filed figures. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated.
Nothing restated
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