Nexteq

NXQ · AIM · Technology · mcap £22m · 42.0p

Nexteq designs and supplies specialist electronics. Its Quixant division makes computing platforms for casino gaming machines, and its Densitron division makes display and control products for broadcast, automotive and industrial customers.

Financials · LTM to 30 Jun 26

Source: results 09 Sep 26 ↗

Revenue: £68.5m
Operating profit: £1.8m
Net income: −£2.6m
Free cash flow: −£14.6m
Net debt: £1.1m
Market cap: £22.8m
EV / EBIT: 13.6×
FCF yield: −64.0%
Price / book: 0.5×

Latest half-year · H1 26 vs H1 25 results 09 Sep 26 ↗

Net income: −£3.6m
Cash from operations: −£575k

Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

Income statement Cash flow Balance sheet

Annual Half-yearly

Latest report: H1 26 (six months to 30 Jun 26), published 09 Sep 26 · read the results ↗

£m unless stated · newest first · italic = calculated (LTM, H2 = FY − H1) · hover a value for its source

	LTM Jun 26	FY 25	FY 24	FY 23	FY 22
Revenue	–	68.5	67.8	92.0	102.1
Gross profit	–	–	–	33.4	32.8
Adjusted EBITDA	1.2	4.7	4.6	–	–
Operating profit	–	1.8	0.2	10.0	7.6
Depreciation (right-of-use)	0.5	0.5	0.5	0.5	0.6
Share-based payments	0.4	0.4	(0.6)	0.8	0.5
Finance costs	–	(0.1)	(0.0)	(0.1)	(0.1)
Profit before tax	(1.7)	2.4	1.3	10.4	7.5
Tax	–	(0.9)	(1.1)	(1.6)	1.9
Net income (owners)	(2.7)	1.5	0.2	8.8	9.4
EPS basic	–	2.4p	0.4p	12.9p	13.7p
EPS diluted	–	2.3p	0.4p	12.6p	13.4p

	H1 26	vs H1 25	H2 25	H1 25	H2 24	H1 24	H2 23
Revenue	–	–	37.1	31.4	29.7	38.1	46.3
Gross profit	–	–	–	10.4	–	14.2	17.8
Adjusted EBITDA	(2.1)	n/m	3.3	1.4	0.2	4.4	–
EBITDA	(2.6)	n/m	–	1.4	–	4.3	–
Adjusted operating profit	–	–	–	0.4	–	3.4	–
Operating profit	–	–	1.5	0.3	(2.9)	3.2	5.9
Depreciation (right-of-use)	0.2	−23%	0.3	0.3	0.3	0.2	0.3
Share-based payments	0.2	−5%	0.2	0.2	(0.7)	0.1	0.4
Finance costs	–	–	(0.1)	(0.1)	0.0	(0.1)	(0.0)
Profit before tax	(3.5)	n/m	1.8	0.6	(2.4)	3.7	6.2
Tax	–	–	(0.8)	(0.1)	(0.5)	(0.6)	(1.0)
Net income (owners)	(3.6)	n/m	1.0	0.5	(2.8)	3.1	5.2
EPS basic	–	–	1.6p	0.8p	(4.2p)	4.6p	7.7p
EPS diluted	–	–	1.6p	0.8p	(4.1p)	4.5p	7.6p

	LTM Jun 26	FY 25	FY 24	FY 23	FY 22
Cash from operations	(1.0)	2.6	10.2	15.9	0.7
Interest paid	–	(0.0)	(0.0)	(0.0)	(0.0)
Tax paid	–	(0.5)	(2.0)	(1.0)	(1.5)
Capex (PP&E)	(11.5)	(0.2)	(0.8)	(0.2)	(0.5)
Capex (intangibles)	–	–	–	(1.5)	(1.5)
Lease principal paid	(0.4)	(0.4)	(0.6)	(0.5)	(0.5)
Lease interest paid	–	(0.1)	(0.0)	(0.1)	(0.1)
Dividends paid	(2.1)	(2.3)	(2.2)	(2.0)	(1.6)
Share buybacks	(4.2)	(0.5)	(5.5)	–	–
Shares issued	–	–	–	0.0	0.0

	H1 26	vs H1 25	H2 25	H1 25	H2 24	H1 24	H2 23
Cash from operations	(0.6)	n/m	(0.4)	3.1	2.4	7.8	10.9
Interest paid	–	–	–	–	(0.0)	(0.0)	(0.0)
Tax paid	–	–	(0.6)	0.1	(0.8)	(1.1)	(0.6)
Capex (PP&E)	(11.5)	n/m	0.0	(0.2)	(0.5)	(0.2)	(0.1)
Capex (intangibles)	–	–	–	(0.7)	–	(0.8)	(0.9)
Lease principal paid	(0.3)	+6%	(0.2)	(0.2)	(0.3)	(0.2)	(0.3)
Lease interest paid	–	–	–	–	0.0	(0.0)	(0.0)
Dividends paid	(2.1)	−8%	0.0	(2.3)	–	–	–
Share buybacks	(4.2)	n/m	0.0	(0.5)	(5.3)	(0.2)	–
Shares issued	–	–	–	–	–	–	(0.0)

	Latest Jun 26	FY 25	FY 24	FY 23	FY 22
Goodwill	–	8.4	9.2	–	–
Other intangibles	–	–	9.2	11.2	–
Property, plant & equipment	15.0	3.4	4.5	4.3	4.7
Inventories	18.1	12.2	13.9	19.1	18.8
Trade receivables	–	19.0	13.1	20.3	19.9
Cash	8.1	18.8	23.5	22.3	11.2
Current assets	38.1	50.8	50.5	61.7	–
Total assets	65.3	66.1	68.1	80.8	79.6
Trade payables	–	11.5	9.4	13.2	17.0
Borrowings, current	0.4	0.1	0.1	0.1	–
Lease liabilities, current	0.2	0.3	0.4	0.4	0.5
Current liabilities	12.2	11.9	9.9	14.7	–
Borrowings, non-current	8.7	0.1	0.2	0.3	–
Lease liabilities, non-current	1.2	1.3	1.5	0.9	1.1
Total liabilities	22.5	13.7	11.8	16.1	19.7
Total equity	42.8	52.4	56.3	64.7	59.9
Net cash / (debt) ex leases	–	18.6	23.2	21.9	10.7
Net cash / (debt) incl. leases	(1.1)	–	–	–	–

	H1 26	H2 25	H1 25	H2 24	H1 24	H2 23
Goodwill	–	8.4	–	9.2	–	–
Other intangibles	–	–	8.4	9.2	11.4	11.2
Property, plant & equipment	15.0	3.4	3.7	4.5	4.3	4.3
Inventories	18.1	12.2	14.7	13.9	16.5	19.1
Trade receivables	–	19.0	16.7	13.1	17.9	20.3
Cash	8.1	18.8	20.8	23.5	29.5	22.3
Current assets	38.1	50.8	–	50.5	63.9	61.7
Total assets	65.3	66.1	68.5	68.1	83.1	80.8
Trade payables	–	11.5	14.6	9.4	14.0	13.2
Borrowings, current	0.4	0.1	0.1	0.1	0.1	0.1
Lease liabilities, current	0.2	0.3	0.4	0.4	0.4	0.4
Current liabilities	12.2	11.9	–	9.9	14.8	14.7
Borrowings, non-current	8.7	0.1	0.2	0.2	0.3	0.3
Lease liabilities, non-current	1.2	1.3	1.3	1.5	0.8	0.9
Total liabilities	22.5	13.7	17.0	11.8	16.2	16.1
Total equity	42.8	52.4	51.5	56.3	66.9	64.7
Net cash / (debt) ex leases	–	18.6	20.5	23.2	29.2	21.9
Net cash / (debt) incl. leases	(1.1)	–	20.5	–	–	–
Treasury shares	–	–	–	–	-0.2m	–

Line items extracted automatically from each results announcement; when a later report restates a period, the later figure is shown. LTM and H2 are calculated from reported periods. Check the source before relying on a figure.

Company filings. Not investment advice.