Nexteq’s H1 25 trading update highlights +6% hoh revenue growth to $40.7m, strong order intake, and a confident outlook that leads us to reiterate our FY25-27E forecasts. After FY24 was impacted by industry de-stocking, robust order intake levels highlight that the impact has subsided in FY25, and including the tariff disruption and supply challenges in memory / DDR4, H1 25E revenue of $40.7m has returned to hoh growth from $38.4m in H2 24. As expected, H1 gross margin will reflect management st ....
