POWER PROBE PLC - Annual General Meeting

Power Probe PLC’s 2026 AGM investor update outlines company performance, governance outcomes, and strategic growth initiatives, providing investors with insight into recent financial results and operational priorities. Trading across the first five months of 2026 indicates a shift in revenue mix, with gross margin declining to 37.5% primarily due to increased private label sales and lower margin legacy accounts, rather than tariff pressures. The group continues to execute its growth strategy, including scaling US manufacturing capacity to support approximately 70% of revenue, with a targeted production run rate of 375,000 units and further expansion planned over a five year horizon. Management confirmed that rising US labour and overhead costs will be reflected in cost of goods sold, impacting margins and EBITDA progression. All shareholder resolutions were approved, including director reappointments, share issuance authority, and share buyback permissions, demonstrating strong investor backing. Overall, the update reinforces Power Probe PLC’s focus on revenue growth, operational scaling, margin management, and long term shareholder value creation.