InvestSMART

DXN Limited (ASX:DXN)

ALERT: Price-sensitive ASX Announcement for DXN
Current share price for DXN : $0.150 0.109 (265.85%)+
Announcement
Release
29 Jan 2026 11:17AM
Price at Release
$0.041
Full Release
download
Summary
DXN Limited reported a quarterly activities update and Appendix 4C cash flow report for the period ending 31 December 2025. The company noted a decrease in revenue by 63% compared to the prior corresponding period, primarily due to customer-driven project deferrals. Despite the revenue decline, DXN secured $3.9 million in project work during the quarter, including contracts with Globalstar and AP Telecom. The company initiated its first Data Centre as a Service (DCaaS) site, marking a new stream of recurring revenue. DXN ended the quarter with a cash balance of $1.7 million and a strong project backlog of $14.5 million. The company continues to focus on its Asia-Pacific growth strategy, highlighted by a Memorandum of Understanding (MOU) with Super Sistem Indonesia (SSI) to explore a joint venture in Indonesia. The company expects to convert 65% of its backlog into revenue over the next two quarters, underpinning its growth objectives for FY26.
Key Points
  • Quarterly revenue decreased by 63% due to project deferrals.
  • Secured $3.9 million in project work during the quarter.
  • First Data Centre as a Service (DCaaS) site initiated.
  • Ended the quarter with a cash balance of $1.7 million.
  • Project backlog stands at $14.5 million.
  • Focus on Asia-Pacific growth with MOU for joint venture in Indonesia.
  • Expect to convert 65% of backlog into revenue over the next two quarters.
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.