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DUG Technology Ltd (ASX:DUG)

ALERT: Price-sensitive ASX Announcement for DUG
Current share price for DUG : $2.060 0.1 (5.10%)+
Announcement
Release
25 Feb 2026 6:21PM
Price at Release
$1.960
Full Release
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Summary
DUG Technology Ltd reported a strong financial performance for the first half of FY26, achieving a record total revenue of US$40.4 million, which is a 40% increase from the previous year. This growth was driven by significant contributions from their services and software offerings, as well as a major EPIC SaaS and HPCaaS contract valued at US$43.3 million. The company's EBITDA also saw a substantial increase of 161% to US$13.6 million. Key operational achievements included the expansion of their global multi-client portfolio with new projects in Equatorial Guinea, fully funded by clients, and the full commissioning of the EPIC project in Malaysia. DUG's Managing Director, Dr. Matthew Lamont, expressed confidence in the company's growth momentum entering the second half of the fiscal year.
Key Points
  • Record total revenue of US$40.4 million, a 40% increase.
  • Significant EPIC SaaS and HPCaaS contract valued at US$43.3 million.
  • Normalised EBITDA increased by 161% to US$13.6 million.
  • Expansion of global multi-client portfolio with new projects in Equatorial Guinea.
  • Full commissioning of the EPIC project in Malaysia.
  • Strong operational performance in services and software offerings.
  • Dr. Matthew Lamont expressed confidence in continued growth.
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.