EA Technology Predicts Double-Digit Growth Despite Flat Revenues and Profit Decline
EA Technology, a Wirral-based power grid firm, reported flat revenues of £47 million and a decline in pre-tax profits to £2 million for the financial year ending March 31, 2025. Despite these figures, the company forecasts double-digit growth, bolstered by an £8.9 million loan converted into equity from Swedish investor Summa Equity, and is focusing on expanding its international presence amid rising demand for renewable energy solutions.
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EA Technology, a Wirral-based power grid firm, reported flat revenues of £47 million for the financial year ending March 31, 2025, down from £48 million, and a decline in pre-tax profits from £5.3 million to £2 million. The company, which employed 303 people, is forecasting double-digit growth in the current financial year.
Following a controlling stake acquisition by Swedish investor Summa Equity, which provided an £8.9 million loan intended for working capital, this loan has since been converted into equity. EA Technology generated nearly £38 million from UK operations but is focusing on growth in international markets, particularly as global transitions to renewable energy increase demand for its products. The company operates subsidiaries in Singapore, Australia, the US, and China.
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