Next Biometrics Group Asa · OSL:NEXT
Next Biometrics Group Asa — Q2 2025 Earnings Presentation
20 slides from Next Biometrics Group Asa's earnings presentation, Aug 20, 2025
Slide 1: Q2 Presentation
NEXT BI OMETRI CS GR OUP ASA Q2 Presentation Aug ust 20, 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) Highlights 2) Q2 Financials 3) Business, market and product updates 4) Outlook 5) Q&A NEXT BIOMETRICS GROUP ASA
Slide 5: Highlights Q2 2025
Highlights Q2 2025 Restatement of historic revenues and OPEX for Q2 2025 and 2024, ensuring full compliance and accuracy Q2 adjusted revenues at NOK 4.3 million (down from NOK 18.3 million in Q2 2024) Adjusted Gross Margin of 39% (down from 57% in Q2 2024) Successfully launched to market: The NEXT G
Slide 6: Breaking news
Breaking news NEXT BIOMETRICS GROUP ASA
Slide 7: Q2 Financials
Q2 2 AS) UO c 1e) c a
Slide 8: Q2 2025 financial summary
Q2 2025 financial summary Profit and loss Revenues – Adjusted revenues at NOK 4.3 million vs. NOK 18.3 m in Q2 2024 NOK million Q2 2025 Q2 2024 – Reported revenues was NOK -2.2 m Revenues (2.2) 18.3 Gross margin – Adjusted Gross margin1) of 39% vs. 57% in Q2 2024 Adjusted revenues 4.3 18.3 Operating
Slide 9: Explanation Q2 reported revenues and 2024 restatement
Explanation Q2 reported revenues and 2024 restatement Adjustments to revenues and other OPEX NOK million Q2 2025 NEXT granted NOK 4.8 million in discounts on China-ID products due to changing market Adjusted revenues 4.3 conditions and competitor pricing. The discounts are expected to accelerate sal
Slide 10: Business, market and product updates
Business, market and product updates
Slide 11: 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 TouchPads solutions MoUs/DWs with Key Customers: ACPL, “additional OEM India”, Commlink, POS customers, FAP 30 customers, other DWs (total 76) Certificati
Slide 12: Progress on Products
Progress on Products NEXT Granite (FAP30) product • Granite (FAP30) products serve different markets / use cases – This expands our portfolio and is not a replacement for NEXT Basalt (FAP 20) Opens new market segments • Addressing market segments with higher security requirements • Attractive for hi
Slide 13: Breakthrough Order FAP30
Breakthrough Order FAP30 Secured first mass production order for NEXT Granite, FAP30 – confirming product value proposition and market demand Partner planning two new high-demand devices: – FAP30 wired fingerprint reader – FAP30 Bluetooth fingerprint reader Order value: NOK 3.2m, deliveries expected
Slide 14: Breakthrough Order in Identity & Access Management
Breakthrough Order in Identity & Access Management Secured first major order for IAM solutions1), covering deployments in US and EU A leading global IAM player with 40 million deployed users/licenses Initial purchase order of NOK 2.5 million with deliveries starting in Q3 20252) Expected annual sale
Slide 15: Short term expectations
Short term expectations Release cash from working capital; complete customer projects, solve and ramp up end-customer deliveries from distributors Normal quarterly revenues to be in place in the second half following ramp up in India and China restart Revenue pipeline still in place enabling long-te
Slide 16: NEXT long-term growth strategy
NEXT long-term growth strategy NEXT organic growth strategy: Growth from current products and from developing new products in existing new markets in Asia and in the rest of the world NEXT inorganic growth strategy: Considering consolidate market and further accelerate growth “NEXT is uniquely posit
Slide 17: Growth Outlook & Revenue Drivers
Growth Outlook & Revenue Drivers Three revenue streams driving growth; reaching close to NOK 50m per quarter during 2026 – Recurring quarterly revenues – predictable, scalable; NOK 25 – 30 million expected once fully ramped by Q4 2025/Q1 2026 – Design-win revenue – less regular but expanding custome
Slide 18: Closing thought
Closing thought “While we remain mindful of short-term challenges, we are entering the second half of the year with confidence and optimism. With an expanded product portfolio, growing partner network, and exciting innovations underway, NEXT is well-positioned for sustained Ulf Ritsvall CEO, NEXT Bi
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Slide 20: nextbiometrics.com
nextbiometrics.com
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