Taiwan property sale and trading update
Summary by AI BETAClose X
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.
10 November 2026
Nexteq plc
(“Nexteq” or the “Group”)
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.”
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Nexteq plc Duncan Faithfull, Group Chief Executive Officer Matt Staight, Group Chief Financial Officer
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Tel: +44 (0)1223 892 696 |
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Nominated Adviser and Broker: Cavendish Capital Markets Ltd Matt Goode / Teddy Whiley / Andrea Callaghan (Corporate Finance) Harriet Ward (ECM) |
Tel: +44 (0)20 7220 0500 |
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Financial PR: Alma Strategic Communications Hilary Buchanan / Emma Thompson |
Tel: +44 (0)20 3405 0205 |
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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.
Nexteq operates two distinct brands: Quixant, a technology solutions provider for the Land Based Gaming sector, and Densitron, leaders in display and human machine interface technology. 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.
The Group operates in six countries and services over 500 customers across 47 countries.
Further information on Nexteq and its divisions can be found at www.nexteqplc.com.
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