**Summary**
Nexteq PLC, a technology solutions provider, reported its audited final results for the year ended December 31, 2025. The company achieved revenue growth of 4% to $90.2 million, driven by a 10% increase in Quixant gaming revenues, while Densitron revenues declined by 6%. Gross margin decreased to 32.8% due to changes in customer and product mix, as well as component price increases. Adjusted profit before tax fell by 25% to $3.6 million, while reported profit before tax rose by 88% to $3.2 million. Operating cash flow decreased by 73% to $3.5 million, and net cash declined by 14% to $25.0 million. The company proposed a dividend of 3.9p per share, reflecting confidence in its long-term prospects.
Operational highlights included product innovation, such as the launch of Launchpad gaming software and IQON3 gaming computer, and successful customer deliveries. The company also executed strategic component buys to ensure supply and minimize price impact. Current trading outlook mentions reduced revenue expectations for Quixant due to a customer acquisition but highlights significant interest in new products. The company faces challenges from component shortages, cost increases, and geopolitical uncertainties but remains focused on growth opportunities in industrial display markets.
Nexteqs financial performance was impacted by tariffs, component supply chain issues, and customer mix changes. The company managed these challenges through targeted actions, supply chain management, and product innovation. It also continued to invest in R&D, with a focus on developing new technology and solutions. The companys strong balance sheet and cash generation position it for future growth, both organically and through acquisitions.
| Metric | 2024 | 2025 | Change |
|---|---|---|---|
| Group Revenue | $86.7m | $90.2m | 4% |
| Quixant Revenue | $54.8m | $60.1m | 10% |
| Densitron Revenue | $31.9m | $30.1m | (6%) |
| Gross Margin | 35.9% | 32.8% | (310 bps) |
| Adjusted Profit Before Tax | $4.8m | $3.6m | (25%) |
| Adjusted EBITDA | $5.9m | $6.2m | 4% |
| Group Profit Before Tax | $1.7m | $3.2m | 88% |
| Adjusted Diluted Earnings per Share | 5.08c | 3.63c | (29%) |
| Diluted Earnings per Share | 0.48c | 3.14c | 554% |
| Operating Cashflow | $13.0m | $3.5m | (73%) |
| Net Cash | $29.1m | $25.0m | (14%) |