**Summary**
Power Probe PLC, a leading producer of automotive electrical diagnostic tools, reported strong preliminary results for 2025, with revenue increasing by 25.7% to $39.4 million and adjusted EBITDA rising by 6.7% to $9.0 million. The company successfully completed an IPO on the London Stock Exchanges AIM, raising $15 million to support future growth. Key highlights include the launch of six new products, adoption by major car manufacturers, and the opening of a new distribution facility in the UK. The company declared an initial dividend and provided an encouraging outlook for 2026, with trading in line with expectations and continued strategic progress. The CEO emphasized the companys focus on product innovation, market expansion, and operational efficiency, supported by strong market trends and the IPO proceeds.
| Financial Metric | 2024 | 2025 | Change |
|---|
| Revenue | $31.3 million | $39.4 million | +25.7% |
| Adjusted EBITDA | $8.4 million | $9.0 million | +6.7% |
| Adjusted EBITDA Margin | 26.9% | 22.9% | -4.0% pts |
| Gross Margin | 44.5% | 40.0% | -4.5% pts |
| Cash | $2.1 million | $15.3 million | +628.6% |
| Debt (Lease Liabilities) | $786,805 | $3,736,141 | +374.8% |
### Explanation:
1. **Revenue**: Increased by 25.7% from $31.3 million in 2024 to $39.4 million in 2025.
2. **Adjusted EBITDA**: Increased by 6.7% from $8.4 million in 2024 to $9.0 million in 2025.
3. **Adjusted EBITDA Margin**: Decreased by 4.0 percentage points from 26.9% in 2024 to 22.9% in 2025.
4. **Gross Margin**: Decreased by 4.5 percentage points from 44.5% in 2024 to 40.0% in 2025.
5. **Cash**: Significantly increased from $2.1 million in 2024 to $15.3 million in 2025, primarily due to the IPO proceeds.
6. **Debt (Lease Liabilities)**: Increased from $786,805 in 2024 to $3,736,141 in 2025, reflecting higher lease commitments.