Wirral power grid firm EA technology reports flat revenues of £47m and a fall in pre-tax profits but is predicting double-digit growth in its current financial year. Tony McDonough reports
Power grid firm EA Technology is predicting double-digit growth in its current financial year despite reporting flat revenues and falling pre-tax profits.
Based at Capenhurst on the edge of the Wirral peninsula, EA Technology offers a portfolio of smart grid technologies to grid operators around the world. It sells monitoring instruments, digital twin grid software, smart grid consultancy and training.
In its accounts for the 12 months to March 31, 2025, posted on Companies House, the business revealed a slight fall in revenues from £48m to £47m and a big fall in pre-tax profits from £5.3m in the previous year to just £2m. It employed 303 people during the year, up from 253 in the previous year.
However, EA is bullish about its prospects in what it admits is an increasingly competitive global market. In the annual report group chief executive Robert Davis said: “The global market for our propositions remains very attractive.
“Our exploration of key target markets in Europe and Australasia has revealed increasing competition. Despite this, our high functionality, high value added products remain competitive and are attracting considerable interest in international markets.”
In October 2024 LBN revealed that global investor Summa Equity had acquired a controlling stake in the business. Although the value of the deal was not disclosed at the end of the above accounting period EA had net assets of just under £12m.
In the latest accounts it was revealed Summa, which is based in Sweden, provided a loan facility of £8.9m intended to support the acquisition and provide working capital funding during the transition period
Subsequent to the year end this loan was converted into equity at par value. The group no longer has any outstanding liabilities in respect of this loan.
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According to the accounts, EA saw the bulk of its revenues come from the UK – just under £38m – but sees huge potential for growth in overseas markets as countries across the world transition their grids to run off renewable energy sources. It operates subsidies in Singapore, Australia, the US, and China.
Robert added: “Group revenues reduced slightly compared to the previous year, consolidating the high growth position achieved in previous years.
“This strong base has provided us with a platform to further develop our portfolio and extend our global operations. Our sales pipeline indicates double digit growth in FY26 supported by strong customer demand.”