Next Biometrics Group Asa · OSL:NEXT
Next Biometrics Group Asa — Q4 2025 Earnings Presentation
17 slides from Next Biometrics Group Asa's earnings presentation, Mar 11, 2026
Slide 1: Q4 Presentation
NEXT BIOMETRICS GROUP ASA Q4 Presentation March 11, 2026
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 NEXT BIOMETRICS GROUP ASA
Slide 4: Agenda
Agenda 1) Highlights Q4 2025 and YTD 2026 2) Q4 Financials 3) Business, market and product updates 4) Outlook 5) Q&A NEXT BIOMETRICS GROUP ASA
Slide 5: Q4 2025 and YTD 2026 Highlights
Q4 2025 and YTD 2026 Highlights Increased business momentum in main market India, three orders secured since last report. Value of these three orders in India and Malaysia totals approx. 7 MNOK Secured 4 new design wins in Q4 2025, bringing our total to 85 design wins by the end of the quarter — up
Slide 6: Financing update
Financing update Completed private placement raising gross proceeds of MNOK 20 at NOK 4.25 per share in October 2025 Announced shareholder loan amounting to MNOK 9 in January 2026 Contemplated rights Issue of up to MNOK 50 (see stock exchange press release) NEXT BIOMETRICS GROUP ASA
Slide 7: Q4 Financials
Q4 Financials
Slide 8: Q4 2025 financial summary
Q4 2025 financial summary Profit and loss Q4 2024 NOK million Q4 2025 Revenues (restated) – Revenues at 2.5 m NOK vs. restated 2.9 m NOK in Q4 2024 Revenues 2.5 2.9 Gross margin COGS1) (0.8) (1.7) – Adjusted Gross margin1) of 69% vs. restated 40% in Q4 2024 Gross profit margin1) 1.7 1.2 Operating ex
Slide 9: Business, market and product updates
Business, market and product updates
Slide 10: Business update
Business update Market activity in India and MOSIP countries slowly recovering, expected to normalise in Q3 2026 New government in Bangladesh (Feb 2026) is expected to restart stalled programs, with project activity and biometric deployments anticipated to accelerate during the second half of 2026 A
Slide 11: India 2025 market delays – effects on biometric market
India 2025 market delays – effects on biometric market In 2025, a competing fingerprint sensor device was compromised at scale due to spoofing and hacking incidents To safeguard the Aadhaar ecosystem, – Temporarily halted new device certifications and approvals UIDAI mandated a new security requirem
Slide 12: Aadhaar Market Momentum
Aadhaar Market Momentum • Certification bottlenecks in the ecosystem are largely resolved, enabling a re-acceleration of deployments across the Aadhaar ecosystem • Multiple government agencies have resumed procurement, with a growing pipeline of biometric and authentication tenders • Demand momentum
Slide 13: MOSIP Countries – Significant Market Opportunity
MOSIP Countries – Significant Market Opportunity • Modular Open Source Identity Platform (MOSIP) has been adopted or is being evaluated by ~29 countries, creating a large pipeline of national digital ID programs across Africa, South-East Asia and Latin America • The success of India’s Aadhaar progra
Slide 14: 85 Design Wins: A spotlight on Malaysia, Vietnam, and Sri Lanka
85 Design Wins: A spotlight on Malaysia, Vietnam, and Sri Lanka Secured first order for biometric readers in Government ID use cases in Malaysia Entered Vietnamese market, secured first mass production order for payments authentication & KYC Received first mass production order from Sri Lanka to ena
Slide 15: Anywhere-on-Display
Anywhere-on-Display Update on Anywhere-on-Display authentication 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. In January 2026, NEXT selected a
Slide 16: Outlook
Outlook Three revenue streams driving growth – Recurring quarterly revenues – better predictability, scalable – Design-win revenue – less regular but expanding customer base with 85 smaller to medium size design wins – Large tenders / one-time revenue 10 – 100m NOK projects in governmental ID sector
Slide 17: Q&A
Q&A 17
NEXT Biometrics Group — Q4 2025 Earnings Presentation on 6ix