XP Power Wins AGM Backing but Faces Pushback on Pay and Governance

XP Power ( (GB:XPP) ) has issued an announcement.

Shareholders of XP Power approved all resolutions at the company’s annual general meeting in Singapore on 23 April 2026, with 84.79% of issued share capital voting. The meeting confirmed the receipt of the 2025 accounts, reappointment of PwC as auditor, renewal of authorities to allot shares and buy back stock, and the adoption of the remuneration policy.

While the board was broadly endorsed, there were notable pockets of dissent on governance and pay. Around 20.6% of votes were cast against the re-election of non-executive director Pauline Lafferty and 23.9% opposed the advisory directors’ remuneration report, prompting the company to commit to shareholder engagement and to report back within six months in line with UK corporate governance guidelines.

The most recent analyst rating on (GB:XPP) stock is a Hold with a £1140.00 price target. To see the full list of analyst forecasts on XP Power stock, see the GB:XPP Stock Forecast page.

Spark’s Take on XPP Stock

According to Spark, TipRanks’ AI Analyst, XPP is a Neutral.

The score is held back primarily by weak financial performance (ongoing losses and a large TTM revenue decline), partially offset by supportive cash flow and improved leverage. Technicals are a clear positive with an established uptrend and favorable momentum indicators, while valuation remains unattractive due to negative earnings and no dividend data.

To see Spark’s full report on XPP stock, click here.

More about XP Power

XP Power is a Singapore-based manufacturer of power control solutions used in industrial, healthcare and technology equipment. The company supplies AC-DC power supplies, DC-DC converters and high-voltage power products to original equipment manufacturers across global markets.

Average Trading Volume: 41,763

Technical Sentiment Signal: Sell

Current Market Cap: £413.5M

See more insights into XPP stock on TipRanks’ Stock Analysis page.