Power Probe boss still ‘enjoying the ride’ after stock slump since Aim debut

The boss of Power Probe, a company based in North Carolina that manufactures power tools for car mechanics, expressed his continued enjoyment of being on the London Stock Exchange despite the firm's stock price decline following its debut on the Aim market in December 2025. Power Probe, one of a few companies to list in London that year, saw its stock fall nearly 40 percent since the start of the year.

The company revealed that becoming a public entity had also resulted in a loss of $600,000 (£450,000) in the first half of 2025. Chief Executive Chema Garcia stated that the firm was gaining valuable insights from the City and the stock market as it expanded and scaled its business with new supply chains and territories. Garcia added that the IPO was not the end of the project, but rather the beginning of a new phase and that the company was "enjoying the ride."

In the first six months of 2025, Power Probe reported a 16.5 percent drop in revenue to $17.7 million, largely due to the timing of the launch of new products, which was expected to be more prominent in the second half of the year. The company's adjusted pre-tax earnings fell by around 30 percent to $3.8 million during the period, partly due to the costs associated with being a listed company.

Power Probe issued an interim dividend of 1.6p per share, and the stock remained unchanged on Monday following the release of the results.