Power Probe, one of the newest members of London's AIM market, is gearing up for a dividend bonanza just months after its initial public offering (IPO) in the UK capital. The North Carolina-based company, which manufactures power tools for the motor industry, declared an interim dividend of 1.6 pence per share on Monday, signaling its commitment to rewarding shareholders early.
Dividend Plans and Growth
The firm, founded in California in 1992, raised $15 million (£11.1 million) when it debuted on AIM in December. Alongside the interim dividend, Power Probe announced plans for an additional interim dividend and a final dividend by the end of the year, before transitioning to a twice-annual dividend schedule thereafter. Chief Executive Chema Garcia explained that the move was part of the company's pitch to investors ahead of the IPO. “It’s our first dividend as a public company but not our first dividend,” Garcia said in an interview. “The company was always trying to reward shareholders even when we were a private company.”
Power Probe posted robust financial results, with revenue growing 25.7% to $39.4 million for 2025. The company also reported that it had not experienced significant disruption to trade due to conflicts in the Middle East, as its supplies are routed through the Panama Canal, avoiding the Strait of Hormuz. “In terms of the logistics expenses, the prices are going up, no matter if it’s a sea shipment or air shipment,” Garcia noted. However, he added that “the increase in prices that we have at the moment … is not that big.”
London Listing Strategy
Power Probe’s London IPO adds to the select number of US firms that have chosen London’s public markets over New York’s. Garcia said he first considered the London Stock Exchange after a meeting in New York with Chris Mayo, the LSE’s head of primary markets for the Americas. “It started to open my eyes about the opportunities and the advantages that we could have with the London Stock Exchange,” he said. “Starting in the UK to expand into Europe was a no-brainer… we are really happy with the decision because we are completely sure it was the correct one.”
Shares in Power Probe rose 1.1% to 74.8 pence on Monday morning. Despite being down 13% since its IPO, the stock has significantly outperformed most major London IPOs of 2025, which fell by an average of 26% in the first quarter of 2026. “Supported by strong structural market growth drivers, our IPO has provided an expanded platform from which to continue to deliver against these initiatives and create long-term, sustainable growth,” Garcia concluded.
