Nexteq Plc · LSE:NXQ
Nexteq — H1 2026 Earnings Presentation
19 slides from Nexteq's earnings presentation, September 2026
Slide 1: H1 2026 Results
H1 2026 Results Encouraging progress on strategic initiatives despite challenging business conditions September 2026
Slide 2: Agenda
Agenda 1. Performance snapshot 2. H1 progress and headwinds 3. Strategic successes 4. H2 focus areas and preparing for 2027 Duncan Faithfull Matt Staight Group Chief Group Chief Executive Officer Financial Officer © Nexteq plc
Slide 3: Who we are
Who we are Strong foundation for medium-term growth. Nexteq helps customers design, deploy and operate high-performance technology solutions where reliability, longevity and specialist expertise matter most. Our verticals Trusted partner Expertise Embedded Computing NEXTEQ Displays & Software & HMI
Slide 4: H1 performance in summary
H1 performance in summary Challenging period, but focus on diversification-based growth remains External headwinds Customers remain Densitron performed Strategy delivery intensified engaged in line continued North American gaming demand Lower volumes reflected customer Continued development and Prod
Slide 5: H1 2026: What we set out to do, what changed
H1 2026: What we set out to do, what changed Temporary market conditions have impacted timing FY26 Strategic Objectives Launchpad Product roadmap Target operating Diversification expansion HMI expansion development model H1 External Challenges Impact of Tariffs & Graphics chip North American Economi
Slide 6: Roadmap remains unchanged, evidence it is working
Roadmap remains unchanged, evidence it is working Size and speed Impact of Everi loss has hidden the great development work being accomplished Strategic Objectives Launchpad Target operating Product development Diversification expansion HMI expansion model and roadmap H1 Delivery Significant new win
Slide 7: Building a broader technology solutions business
Building a broader technology solutions business Evolving beyond individual hardware products into higher-value integrated solutions From components to integrated solutions Integration Complete customer solution (e.g. IDS Control) Software Functionality and control (e.g. › Launchpad) Embedded comput
Slide 8: Financial Review
Financial Review H1 2026 © Nexteq plc
Slide 9: Income statement
Income statement H1 2026 H1 2025 Change Revenue decreased 34%, impacted by $m $m demand from US Gaming customers. Revenue 26.7 40.7 -13.0 Cost of sales (18.6) (27.2) -8.6 Gross profit 8.1 13.5 -5.4 Gross margin (%) 30.3% 33.1% -280 bp Densitron maintained its strong gross margin performance of 38%.
Slide 10: Quixant revenues
Quixant revenues Revenues Gaming Platform sales (quantity) by range • H1 2026 revenues reduced 53% compared with H1 2025, resulting from lower • 9.7k platforms shipped in H1 2026, down 56% on H1 2025. demand of US Gaming customers. • Average selling price reduced YoY driven by reduction in High-end
Slide 11: Densitron revenues
Densitron revenues Revenues Sales pipeline • $12.7m LTV converted from sales pipeline. • Delivering $1.9m in year Revenue in 2026. • Includes one new $1m customer. • H2 sales pipeline conversion already exceeding H1. • H1 2026 revenue 1% higher than H1 2025 with new wins off-set partially by delays
Slide 12: Cashflow analysis
Cashflow analysis • Cash balance of $10.7m at 30 June 2026, down $14.6m on 31 December 2025. • $8.5m returned to shareholders through dividend and share buybacks in H1. • Investment in strategic stock to secure DDR4 components to mitigate pricing and availability challenges. • Increased capex from T
Slide 13: Balance sheet
Balance sheet Nexteq plc Group Balance Sheet 30-Jun-26 31-Dec-25 Variance Nexteq plc Group Balance Sheet 30-Jun-26 31-Dec-25 Variance For the period ended $000 $000 % For the period ended $000 $000 % Non-current assets Current liabilities Property, plant and equipment 19,855 4,643 328% Loans and bor
Slide 14: Outlook and H2 Priorities
Outlook and H2 Priorities © Nexteq plc
Slide 15: Signposts to success: the three 2027 KPIs
Signposts to success: the three 2027 KPIs #1 Pipeline growth #2 Nexteq new IP revenue #3 $1m customers 2027 Target 2027 Target 2027 Target Deliver 50% growth in pipeline $10m revenue from new 100% increase in customers to $630m of opportunities. Nexteq IP products. delivering $1m+ revenue to 20. • P
Slide 16: OneNexteq: Execution of three-year plan
OneNexteq: Execution of three-year plan Progress Vs Planned product development Precise targeting with fully system Deliver a new computer for tier 3 architecture solutions companies – by Q4 • Intralogistics • Broadcast • Medical • Transport Integrate Snapdragon • Pro-AV • Agritech Full system archi
Slide 17: Densitron: Beyond the display
Densitron: Beyond the display © Nexteq plc
Slide 18: H2 2026 outlook
H2 2026 outlook North American land-based gaming remains challenging, reiterating FY outcome H2 seasonality New client wins New products Margin protected H2 revenue predicted to Over $27m (LTV) of pipeline Four launches in play: IDS Rigorous cost management exceed H1 in line with the wins secured co
Slide 19: Thank you
Thank you The Galleria, Station Road, Crawley, RH10 1WW, UK T +44 (0)20 3597 6800 info@nexteqplc.com Nexteqplc.com