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DXN Limited (ASX:DXN)

ALERT: Price-sensitive ASX Announcement for DXN
Current share price for DXN : $0.285 0.266 (1,400%)+
Announcement
Release
30 Apr 2026 9:25AM
Price at Release
$0.019
Full Release
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Summary
DXN Limited, a specialist in prefabricated modular data centres, reported significant progress and developments in the March 2026 quarter. The company experienced a 47.5% increase in revenue from the previous corresponding period, primarily driven by advancements in modular projects, and maintained a cash balance of $2.0 million. A notable increase in the project pipeline and backlog orders underpins the company's future revenue prospects, although some financial expectations for FY26 have been adjusted due to timing shifts in project completions. Strategic joint ventures in Asia, especially in Indonesia and Malaysia, have positioned DXN for regional manufacturing expansion and future growth. Overall, DXN is well-positioned to capitalize on its strong project pipeline and expects to convert a substantial portion of its backlog into revenue in the coming quarters.
Key Points
  • DXN Limited reported a 47.5% increase in revenue for the March 2026 quarter, reaching $3.7 million.
  • The company's cash balance was $2.0 million as of 31 March 2026.
  • DXN had a backlog of $7.8 million in modular orders, contributing to a total company backlog of $10.4 million.
  • A new joint venture in Asia with significant progress in manufacturing expansion and grant applications.
  • DXN anticipates converting approximately 40% of the total backlog into revenue in Q4.
  • Revenue expectations for FY26 have been adjusted due to project deferrals; some revenue will shift to early FY27.
  • Execution of a new contract in Latin America and a strong project pipeline reported.
  • Related party payments for the quarter totaled $225,400.
  • The company is focusing on its Asia-Pacific growth strategy with expansions in Indonesia and Malaysia.
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.