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DUG Technology Ltd (ASX:DUG)

ALERT: Price-sensitive ASX Announcement for DUG
Current share price for DUG : $2.180 -0.46 (-17.42%)+
Announcement
Release
28 Oct 2025 9:07AM
Price at Release
$2.640
Full Release
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Summary
DUG Technology Ltd reported a strong start to FY26-Q1 with a total revenue of US$16.7 million, an increase of 19% compared to the previous year. The company witnessed significant growth in their HPC revenues, which rose by 40%, attributed to increased activity from existing clients. Services revenue also saw a 21% rise, while software revenue remained flat. A landmark SaaS and HPCaaS contract was signed, although no revenue from this contract was recognized in the quarter. DUG's international expansion strategy showed positive results as they reported their first revenue from Brazil and continued growth in the Middle East. The company ended the quarter with an EBITDA of US$4.2 million, up by 65% from the previous year, and operating cash inflows of US$0.4 million. Their cash reserves stood at US$12.5 million with a net debt of US$5.7 million. The Services Order Book was valued at US$51.9 million, reflecting a 46% increase from the previous year.
Key Points
  • Total revenue for FY26-Q1 was US$16.7 million, up 19% from FY25-Q1.
  • HPC revenues grew by 40% due to increased activity from existing clients.
  • Services revenue increased by 21%, while software revenue remained flat.
  • A record SaaS and HPCaaS contract was signed but no revenue from it was recognized in FY26-Q1.
  • First revenue from Brazil and growth in the Middle East were achieved.
  • EBITDA for FY26-Q1 was US$4.2 million, up 65% from FY25-Q1.
  • Operating cash inflow was US$0.4 million, an increase of US$1.1 million from the previous year.
  • Total cash reserves at the end of the quarter were US$12.5 million with a net debt of US$5.7 million.
  • Services Order Book valued at US$51.9 million, a 46% increase from September 2024.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.