NEXTEQ PLC - Interim results for the six months ended 30 June 2026

Nexteq PLC reported a challenging H1 2026, with Group revenue declining 34% year-on-year to $26.7 million and an adjusted loss before tax of $4.0 million, primarily reflecting weaker demand from North American land-based gaming customers, tariff pressures and rising component costs. Quixant revenue fell 53% to $12.7 million as gaming platform volumes declined, while Densitron delivered a more resilient performance, with revenue increasing 1% to $13.9 million and maintaining a strong 38% gross margin. Despite near-term headwinds, Nexteq continued to advance its diversification and growth strategy, securing new customers across Launchpad, Tactilla and advanced display solutions while progressing its shift towards higher-value, integrated technology solutions. Densitron converted $12.7 million of sales pipeline opportunities during H1, while the Group’s total opportunity pipeline reached $505 million, up 5% since December 2025. Management expects stronger revenue and margins in H2, supported by good order book coverage, new client wins and continued cost management. Strategic priorities include recurring software revenue from Launchpad, expansion of Densitron’s HMI and IP-led solutions, new gaming hardware and cabinet products, and opportunities in Brazil and additional vertical markets. Nexteq remains focused on reducing its historical dependence on North American gaming and positioning the business for sustainable growth through 2027 and beyond.