Taiwan property sale and trading update

Nexteq (AIM: NXQ), a leading technology solutions provider to customers in selected industrial markets, today provides an update ahead of the financial year ending 31 December 2026.

Within the interim results in September 2026, the Board announced its intention to dispose of a property asset in Taiwan following its acquisition in H1 2026. The Board is pleased to confirm that the sale has now completed, with a positive impact on both the cash and net cash position. The transaction resulted in a cash inflow of $3.7m after the repayment of related mortgage balances. The Group now has only $0.2m in loan balances remaining, down from $12.1m as at 30 June 2026. The Nexteq Taiwan team will continue to operate from the existing property.

Trading conditions remain consistent with previous guidance. In line with the traditional trading pattern of Quixant, the last two months of the year have a significant impact on full year trading, and the full focus of the business is delivering a successful 2026 outturn. Densitron continues to perform well, in line with expectations, with encouraging progress across multiple verticals.

Duncan Faithfull, Chief Executive Officer, commented:

“The sale of the property in Taiwan supports our strategy to create the most effective operating model for future growth, providing greater flexibility for delivery and improving the Group’s cash position.

“The last two months of the year is traditionally the Group’s largest trading period, as Gaming customers prepare for the new year. The business is focussed on ensuring maximum delivery to close out FY26, whilst continuing to make progress on the growth agenda across both trading brands.”