Power Probe chief executive Chema Garcia says he remains committed to the company’s London listing despite a sharp fall in its share price since debuting on the Aim market.
The North Carolina-based maker of power tools for car mechanics listed on London’s junior Aim market in December 2025, one of only a handful of firms to list in the capital that year.
The stock enjoyed a strong start following its IPO but has since shed nearly 40 per cent since the beginning of 2026, raising questions about the timing and rationale of the listing.
Garcia has pushed back against any suggestion that the experience has been a disappointment, insisting the company is learning valuable lessons from its new market environment.
“At this new stage we’re learning a lot from the City and from the stock market at a time when we’re expanding and scaling our business with new supply chains and new territories,” he said.
He added that the company’s IPO was “not the end of the project it’s just the beginning, it’s just opening a new stage and we’re enjoying the ride.”
Garcia also expressed optimism that better operational performance would eventually be reflected in the company’s share price over time.
“Hopefully we’ll be able to display [that] properly to the market and I’m pretty sure with all the deliveries we are doing [we will get] the appropriate price feedback from the market,” he said.
The costs of becoming a publicly listed company have already weighed on Power Probe’s financial results, with additional expenses of around $600,000 in the first half of the year alone.
The company, which manufactures circuit testers, clamp meters and workshop lighting, reported a 16.5 per cent drop in revenue to $17.7 million in the first six months of the year.
Management attributed the revenue decline to the timing of new product launches, which are expected to be weighted more heavily towards the second half of the year.
Adjusted pre-tax earnings fell by around 30 per cent to $3.8 million during the period, with listing-related costs identified as a significant contributing factor to the decline.
Despite the weaker results, Power Probe issued an interim dividend of 1.6 pence per share, signalling some confidence in the company’s underlying cash position.
The stock was unchanged on Monday following publication of the interim results, as investors digested what has been a turbulent opening chapter for the listed business.