Nexteq Plc · LSE:NXQ
Nexteq — H1 2025 Earnings Presentation
24 slides from Nexteq's earnings presentation, September 2025
Slide 1: H1 2025 Results Presentation
H1 2025 Results Presentation Progress update on delivering our three-year plan September 2025
Slide 2: Agenda
Agenda 1. Who we are 2. Executive summary 3. Financial highlights 4. Group highlights & outlook 5. Comprehensive H1 financial results Duncan Faithfull Matt Staight Group Chief Group Chief Executive Officer Financial Officer 2 © Nexteq plc
Slide 3: Executive summary
Executive summary • H1 2025 delivery in line with expectations • Significant progress being made against the three-year plan • Revenue diversification and order intake improving significantly • On track to hit full year 2025 – All POs received on forecast to hit full year • Focus on excellent produc
Slide 4: Who we are and what we stand for
Who we are and what we stand for Empowering technology created by empowered people Our Vision To be recognised as the leading experts in delivering innovative technology that empowers our partners’ missions and enables their success. Our Mission Through the marriage of expert computer engineering, p
Slide 5: Nexteq overview
Nexteq overview Who we are Global resilience Historic business split 2024 revenue by sector ($m) • Operations in US, Europe and Asia with infrastructure to scale Gaming, 54.7 • Profitable cash generative core business Industrial Displays, • Net cash balance sheet with capacity to make 19.3 acquisiti
Slide 6: Nexteq's trading brands
Nexteq’s trading brands Technology expertise is what defines our brands and products Market leading display; HMI & control system solutions to The highest quality gaming computing & hardware platforms various technology rich industrial markets and software solutions for the land-based gaming industr
Slide 7: H1 2025 – an overview of what we have been doing
H1 2025 – an overview of what we have been doing… Delivery through innovation and revenue diversification – Great progress is being made against our objectives Group Focus Areas Strong order intake On-boarding our new Roadmap Team M&A and revenue wins in Broadcast development & Development Investiga
Slide 8: H1 Business highlights and update
H1 Business highlights and update While we strengthen internally, we are making progress vs 3-year plan Product development & innovation Customer & pipeline development One Nexteq team development • New Densitron Commercial leader in place in USA • New Chief People Officer in place • New Global Head
Slide 9: H1 2025 Financial highlights
H1 2025 Financial highlights Adjusted Profit Revenue Gross Margin Before Tax1 $40.7m 33.1% $0.9m FY25 2024: $48.2m 2024: 37.3% 2024: $5.0m Revenue FY25 Gross Adjusted Operating Cash margin Diluted EPS1 Net Cash2 Conversion1 1.17c 445% $28.1m FY25 Adj PBT1 2024: 6.07c 2024: 225% Dec-24: $29.1m 1Adjus
Slide 10: Three-year plan – 2027 financial ambition
Three-year plan – 2027 financial ambition $108m-$120m • Medical • Brazil • Software • Tactila & haptics $86.7m • IQ Connect • Sales process • Partnerships • Engineering in market 2024 Organic Innovation Markets 2027 Committed to delivering shareholder value 1 Adjusted EBITDA 10 © Nexteq plc
Slide 11: Organic growth – Signposts to success
Organic growth – Signposts to success #1 - Pipeline growth #2 - Nexteq new IP revenue #3 - $1m customers Goal Goal Goal • Deliver significant growth in the multi-year • Drive growth through innovation that delivers • Deliver scale in repeatable revenues with sales pipeline across all verticals. uniq
Slide 12: IGT / Everi update
IGT / Everi update • IGT Gaming and Everi have both been acquired by Apollo Global Management - The combined entity will trade under the IGT brand after 2026 • Everi continues to trade with Quixant under current business model • Everi buys on current terms independently of IGT group, and on new prod
Slide 13: H2 Focus areas – Delivering year one of our plan
H2 Focus areas – Delivering year one of our plan © Nexteq plc
Slide 14: Detailed financials
Detailed financials 14 © Nexteq plc
Slide 15: H1 2025 Financial results
H1 2025 Financial results H1 2025 H1 2024 Change $m $m % Revenue 40.7 48.2 -16% Cost of sales (27.2) (30.2) -10% • Reduction in revenue driven by slow Q1, with Q2 performance significantly ahead. Gross profit 13.5 18.0 -255% Gross margin (%) 33.1% 37.3% -420 bp Adjusted Operating expenses (13.0) (13
Slide 16: Quixant revenues
Quixant revenues Revenues Gaming Platform sales (quantity) by range • H1 2025 revenues well diversified, but reduced 13% compared with H1 2024, • 21.9k platforms shipped in H1 2025, up 7% on H1 2024. resulting from change in product mix. • Average selling price reduced YoY driven by changes in the p
Slide 17: Densitron revenues
Densitron revenues Revenues • Driving solutions beyond the display, maximising the value of each transaction . . . • Avg. selling price per unit - $16 • Avg. selling price per unit on new business - $25 • Drives efficiency in processes. • Deepens the value of products to the customer. • Enhances rep
Slide 18: Gross margin performance
Gross margin performance • Gross margin of 33.1%, reducing 420bps on H1 2024. • The gross margin performance reflects: - Change of customer and product mix in Gaming; - Maintaining Densitron margins at record 38%. • Expectation of improved gross margin in H2. 18 © Nexteq plc
Slide 19: Strong operating cashflows
Strong operating cashflows • Cash of $28.5m at 30 June 2025, down $1m on 31 December 2024. • Positive cash inflows from operations and working capital continues. • $3.6m returned to shareholders through dividend and share buybacks in H1. • Capex results from R&D investment in innovation to drive new
Slide 20: Strategic outlook
Strategic outlook 20 © Nexteq plc
Slide 21: Strategic Outlook – Three-year plan milestones
Strategic Outlook – Three-year plan milestones 2025 2026 2027 Foundation Acceleration Continuous Improvement • Establish and embed ‘One Nexteq’ • Take Tactila to mass production • Launch new AI enabled Gaming • On-Board new wins • Marketing Launch ‘LaunchPad’ in solution • New market entry January •
Slide 22: Thank you
Thank you The Galleria, Station Road, Crawley, RH10 1WW, UK T +44 (0)20 3597 6800 [email protected] Nexteqplc.com
Slide 23: Appendices
Appendices © Nexteq ple NEXTEQ
Slide 24: Appendix – Balance sheet
Appendix 1 – Balance sheet © Nexteq plc