MOBILE POWER LTD

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +73.9%

  £1,652,955 → £2,873,936

• Cash

  -40.7%

  £2,271,148 → £1,347,104

• Net assets

  +17.8%

  £3,908,437 → £4,605,957

• Employees

  +25.8%

  97 → 122

• Operating profit

  +60.2%

  -£2,534,713 → -£1,007,881

• Profit before tax

  +55.3%

  -£2,728,474 → -£1,219,936

• Wages

  +20%

  £1,094,869 → £1,313,664

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

BHP LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. MOBILE POWER LTD · parent
   1. Mobile Power (SL) Limited 100% · Sierra Leone
   2. MPNG Limited 100% · Nigeria
   3. Mobile Power LIB Limited 100% · Liberia
   4. MPDRC SARL 100% · Democratic Republic of Congo
   5. Mobile Power (CN) 100% · China

Significant events

• “During 2024, the Group closed a "second tranche" of its 2023 capital raise, receiving £1.2 million in January 2024. Also during the year, the Group negotiated a USD 7 million loan with British International Investment plc, which was signed in January 2025 with drawdowns thereafter. During the course of 2025, the Group completed a further equity raise of £6.8 million to further strengthen its capital base and accelerate the roll-out of its batteries and other infrastructure.”
• “On 22 January 2025, Mobile Power (the "Company") signed a USD 7 million non-recourse loan agreement with British International Investment plc ("BII"). The borrower for this loan is a special purpose company based in Mauritius and the proceeds of the loan will be exclusively used to fund the roll-out of the Company's batteries and hubs in the Democratic Republic of the Congo. This loan is non-recourse to Mobile Power Limited (the parent) and will therefore not appear on the Company only balance sheet. A first drawdown of USD 850,000 was received on 14 March 2025. Also, since the reporting date, the Company closed a £6.8 million equity offering of Series C preference shares in the parent company, with Octopus Energy and Norfund acting as lead investors. The funding is unrestricted and will be used to grow the Company's business across its operations.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

15

last 12 months

Capital events

5

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.