DXN (DXN) H2 2025 earnings summary

Executive summary

• Achieved FY25 revenue of $16.0 million, up 49% year-over-year, in line with guidance.

• Positive EBITDA of $5,769; underlying adjusted EBITDA was $814,526 after non-operating items.

• Launched Data Centre as a Service (DCaaS) division in Q4 FY25, securing a $3.6 million contract.

• Secured major contracts with blue-chip clients including DP World Australia and Globalstar.

• Ended FY25 with a $12.0 million order backlog and a pipeline of 71 projects.

Financial highlights

• Modular division revenue surged 61% to $13.1 million; Data Centre revenue was $2.6 million, slightly down year-over-year.

• Net loss before tax was $2.1 million, a slight improvement from FY24.

• Cash balance at year-end was $3.1 million; net tangible assets per share improved to 0.67 cents from (1.84) in FY24.

Outlook and guidance

• Entering FY26 with $12.0 million backlog and 71 projects in the pipeline as of July 31, 2025.

• Targeting growth in satellite, cable telecommunications, and hyperscale infrastructure segments.

• Plans for further Asia Pacific expansion leveraging modular design advantages.