REG - Nexteq PLC - First Mass Production Purchase Order for Brazil

NexteqAnnouncement

17/09/2025 07:00

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RNS Number : 6000Z  Nexteq PLC  17 September 2025

The information contained within this announcement is deemed by the Company to
constitute inside information pursuant to Article 7 of EU Regulation 596/2014
as it forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 as amended.

 

17 September 2025

 

Nexteq plc

("Nexteq" or the "Group")

 

First Mass Production Purchase Order for Brazil

Significant milestone achieved in major new growth opportunity

 

Nexteq plc (AIM: NXQ), a leading technology solutions provider to customers in
multiple markets, is delighted to announce that its Quixant brand, which
serves the land-based gaming market, has secured its entrance into the Brazil
market, with the first mass production purchase order from a Brazilian state
video lottery operator.

 

This follows the Group's launch of a specifically engineered solution
developed in anticipation of this new and rapidly emerging market opportunity,
utilising the Group's market leading computer engineering capabilities.

 

The Brazilian gaming market, of which the state lottery forms a sub-set,
represents a strategically significant opportunity for the Group, and this
landmark purchase order is the first step in developing a series of
opportunities through its innovative and market specific product range.

 

This first purchase order will supply into one of several states in Brazil
that have now authorised state lottery operations, with Nexteq well positioned
to capitalise on further early-stage growth opportunities in the Brazil state
lottery through its strategic partnership in market, enabling bonded warehouse
logistics, tax-efficient importation, and in-region customer support.

 

This mass production purchase order is expected to deliver revenues in FY26
based on current component lead times, providing increased confidence in FY26
expectations and delivery of the Group's three-year plan.

 

 

Duncan Faithfull, Chief Executive Officer of Nexteq Plc, commented:

 

"Securing our first mass production order in Brazil represents a significant
milestone for Nexteq and our Quixant brand. Brazil is one of the most exciting
growth markets in the global gaming industry, and this order demonstrates the
strength of our technology, our market readiness, and our ability to support
customers' specific needs as regulation evolves. We see this as the first of
many opportunities in the region, and it underlines efforts made over several
years of preparation.

 

The Board believes that this development represents a significant moment for
Nexteq, positioning the Group to benefit from the long-term expansion of
Brazil's gaming sector."

 

 

 Nexteq plc                                       Tel: +44 (0)20 3597 6800

 Carol Thompson, Non-Executive Chair

 Duncan Faithfull, Chief Executive Officer

 Matt Staight, Chief Financial Officer
 Nominated Adviser and Broker:                    Tel: +44 (0)20 7220 0500

 Cavendish Capital Markets Ltd

 Matt Goode / Teddy Whiley (Corporate Finance)

 Tim Redfern / Harriet Ward (Corporate Broking)

 Financial PR:                                    Tel: +44 (0)20 3405 0205

 Alma Strategic Communications

 Hilary Buchanan / Emma Thompson

 

About Nexteq

Nexteq (AIM: NXQ) is a strategic technology solutions provider to customers in
selected industrial markets. Its innovative technology enables the
manufacturers of global electronic equipment to outsource the design,
development and supply of non-core aspects of their product offering. By
outsourcing elements of their technology stack to Nexteq, customers can focus
their product development effort on the most critical drivers of their
business' success.

Our solutions are delivered through a global sales team and leverage the
Group's electronic hardware, software, display and mechanical engineering
expertise. Our Taiwan operation is at the heart of Asian supply networks and
facilitates cost effective manufacturing and strategic supply chain
management.

The Group operates in six countries and services over 500 customers across 47
countries.

Nexteq operates two distinct brands: Quixant, a specialised computer platforms
provider, and Densitron, leaders in human machine interface technology, each
with dedicated sales, account management and product innovation teams. Founded
in 2005, and later floating on the London Stock Exchange's AIM stock market as
Quixant plc, the Group rebranded to Nexteq in 2023.

Further information on Nexteq and its brands can be found at
www.nexteqplc.com.

 

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