Business
FY25 Trading Update
Power Probe PLC reported strong FY25 performance with revenue increasing by approximately 25% to around $39 million, driven by product innovation which contributed 35% of revenue, and maintained strong margins with a gross margin of 40% and underlying EBITDA margin of 23%, resulting in an expected underlying EBITDA of $9 million. The company secured new OEM partnerships with Ford, Hyundai, Honda, and Toyota, and opened a new UK distribution facility to expand into European markets. The outlook for FY26 remains unchanged, with encouraging early trading and continued momentum expected from new product sales and strategic pricing initiatives, alongside planned investments in US manufacturing to enhance innovation and capacity. Disclaimer*
About this update from Power Probe Plc
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 Chema Garcia, Chief Executive Officer Fabio Medina, Chief Financial Officer Tom Marsh, Corporate Development & Investor Relations https://powerprobe.com/en/ c/o Sodali & Co Shore Capital (Nominated Adviser & Broker) Toby Gibbs / Harry Davies-Ball (Corporate Advisory) William Marshall (Corporate Broking) +44 (0)20 7408 4090 Sodali & Co James White / Tilly Abraham / James Whitaker +44 (0)78 5543 2699 [email protected] 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".