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.

Target	Promise	Said	Status
2025
2 Apr 2025	Appoint a new independent Non-Executive Chair and CEO and CFO successors	24 Jul 2024	✓ Kept
	“it is anticipated that the appointment of the new independent Non-Executive Chair will be announced shortly” Result Duncan Faithfull became CEO in August 2024, Matt Staight CFO in December 2024 and Carol Thompson Chair in April 2025. “Duncan Faithfull, currently Gaming Business Leader and Chief Commercial Officer at Nexteq, has been appointed to the Board as Group Chief Executive Officer with immediate effect.”29 Aug 2024 · Appointment of Chief Executive Officer “Matt Staight, has been appointed to the Board as Group Chief Financial Officer with immediate effect.”19 Dec 2024 · Appointment of Director
31 Dec 2025	2025 revenues broadly in line with 2024 and in line with market expectations	15 Jan 2025	✓ Kept
	“H2 2025 revenues are expected to exceed H1, returning to the historic pattern of H2 weighted revenues, and in line with FY25 market expectations” Also stated 22 Jul 2025 Result FY25 revenue was $90.2m versus $86.7m, and adjusted PBT of $3.6m was in line with consensus. “FY25 trading is expected to be in line with market expectations. This reflects a performance slightly ahead of the guidance laid out at the Capital Markets event in February 2025, with revenue of $90.2m (FY24: $86.7m)”19 Jan 2026 · Trading Update and Notice of Results “Full year adjusted profit before tax is expected to be not less than market consensus forecast of $3.6m”19 Jan 2026 · Trading Update and Notice of Results
2026
28 Feb 2026	Launch the gaming software solution (LaunchPad) at ICE Barcelona in January 2026	10 Sep 2025	✓ Kept
	“the innovative Gaming Software solution, LaunchPad, being formally launched in January 2026” Also stated 19 Jan 2026 Result Launchpad was unveiled at ICE Barcelona 2026 and won a first customer in February. “Unveiled at ICE Barcelona 2026, Launchpad is designed to make it simpler and faster for customers to develop and run land-based casino games, such as slot machines, in regulated markets worldwide.”2 Feb 2026 · Launchpad, Nexteq’s turnkey software platform “Nexteq (AIM: NXQ), a leading technology solutions provider to customers in selected industrial markets, is pleased to announce it has secured its first customer win and initial software license purchase order for its recently launched Gaming Software platform, Launchpad.”13 Feb 2026 · First Launchpad Software License Purchase Order