Next Biometrics Group Asa · OSL:NEXT
Next Biometrics Group Asa — Q3 2025 Earnings Presentation
19 slides from Next Biometrics Group Asa's earnings presentation, Nov 19, 2025
Slide 1: Q3 Presentation
NEXT BIOMETRICS GROUP ASA Q3 Presentation November 19, 2025
Slide 2: Disclaimer
Disclaimer This presentation includes and is based, inter alia, on forward-looking information and statements that are subject to risks and uncertainties that could cause actual results to differ. Such forward-looking information and statements are based on current expectations, estimates and projec
Slide 3: Today’s speakers
Today’s speakers Ulf Ritsvall Eirik Underthun CEO, NEXT Biometrics CFO, NEXT Biometrics
Slide 4: Agenda
Agenda 1) Background 2) Highlights 3) Q3 Financials 4) Business, market and product updates 5) Outlook 6) Q&A NEXT BIOMETRICS GROUP ASA
Slide 5: Background - The Perfect Storm
Background - The Perfect Storm From Q3 report: "Aadhaar national and digital ID program in India temporarily paused the enrolment of all new L1 devices as a security precaution from late 2024 until spring 2025 because of a security incident at one competitor’s Aadhaar integration, as previously comm
Slide 6: The Perfect Storm
The Perfect Storm Aadhaar L1 enrolment pause due to competitor security incident Market disruption at the worst possible time Global spillover effects New stringent UIDAI requirements Material impact on 2025 sales Q3 channel normalization, but few reflected sales so far Cash-flow and revenue recogni
Slide 7: Highlights Q3 2025
Highlights Q3 2025 Restatement of historic revenues and OPEX for 2024 and YTD June 2025, ensuring full compliance and accuracy From A/R to inventory, only focus moving forward convert from goods to cash Q3 revenues at NOK 3.0 million + 2.1 million shipped from channel (from NOK 3.7 million in restat
Slide 8: Q3 Financials
Q3 Financials
Slide 9: Q3 2025 financial summary
Q3 2025 financial summary Profit and loss Q3 2024 NOK million Q3 2025 Revenues (restated) – Revenues at 3.0 m NOK + 2.1m NOK sales from channel vs. restated 3.7m NOK in Q3 Revenues 3.0 3.7 2024 Gross margin Adjusted revenues 3.0 3.7 – Adjusted Gross margin1) of 51% vs. restated negative % in Q3 2024
Slide 10: Restatement details and impact to the investor
Restatement details and impact to the investor • The investigation of the irregularities in China and • The adjustments does not affect the historical the comprehensive review of historical reported cash flow and gives the users of the financial revenues and our internal controls revealed that state
Slide 11: Business, market and product updates
Business, market and product updates
Slide 12: Status & Key Priorities
Status & Key Priorities Products Developed and actively marketed: Oyster III, FAP 10, FAP 20 and FAP 30 products, as well as face recognition and Touch Pads solutions through partners Total 81 Design Wins: ACPL, Evolute, Commlink & POS customers Certifications: – India – completed (2 OEMs out of 7 a
Slide 13: Update on new Display Technology
Update on new Display Technology Technology development on track: Progress on the new display technology continues as planned Strong R&D momentum: Significant advances in the theoretical design achieved over the past months IP protection underway: Multiple patents nearing completion to secure core i
Slide 14: Progress on Products
Progress on Products NEXT Granite (FAP30) product Breakthrough order - the first large-scale production order from Indian OEM for new FAP 30 sensor (Announced 20 Aug) • Granite (FAP30) products serve different markets / use cases – This expands our portfolio and is not a replacement for NEXT Basalt
Slide 15: Evolute, L1 Aadhaar Certified
Evolute, L1 Aadhaar Certified Commercial agreement announced July 3, 2023, NOK 65 million commercial partnership over 5 years Evolute secured the L1 Aadhaar certification from UIDAI (Unique IDentification Authority of India) NEXT becomes the only fingerprint sensor provider to have supported two Ori
Slide 16: Targeting new geography – Sri Lanka
Targeting new geography – Sri Lanka High growth potential on Sri Lanka driven by the national digital ID rollout Biometric hardware and software demand is rising across government, banking, telecom, and private sectors C3 Labs is known as a multidisciplinary engineering and innovation studio that pr
Slide 17: Outlook
Outlook Three revenue streams driving growth – Recurring quarterly revenues – better predictability, scalable – Design-win revenue – less regular but expanding customer base with 81 smaller to medium size DW – Large tenders / one-time revenue 10 – 100m NOK projects in governmental ID sector Market r
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Slide 19: nextbiometrics.com
nextbiometrics.com
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