Appendix 4E and Annual Report

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Stock DXN Ltd (DXN.ASX)
Release Time 28 Aug 2025, 8:57 a.m.
Price Sensitive Yes
 DXN Ltd Reports FY25 Results, Outlines Growth Plans
Key Points
  • 49% revenue growth to $16m driven by PMDC division
  • Established new DCaaS division with $3.6m contract
  • Purchased Darwin data centre property, enhancing infrastructure
Full Summary

DXN Limited has reported its financial results for the year ended 30 June 2025 (FY25), highlighting strong revenue growth, strategic advancements, and the establishment of a new division. The company's revenues surged by 49% to $16 million, primarily driven by the performance of its Modular Division, which designs, engineers, manufactures, and supplies industry-leading prefabricated modular data centres (PMDCs) globally. This included delivering stages of DXN's largest contract to date, a $5.7 million agreement to design and construct four cable landing stations for the East Micronesia Cable System, as well as securing new wins with DP World Australia and Globalstar Inc. The company also advanced its product innovation, developing high-performance compute (HPC) AI Edge Modules and indoor prefabricated solutions for telecommunications exchanges. In the Data Centre Division, DXN continued to optimize operations at its facilities in Hobart and Darwin, with the successful exit from its Sydney data centre contributing to ongoing cost savings. A key milestone was the binding contract to purchase the land and building of the Darwin data centre, enhancing DXN's infrastructure footprint and supporting long-term scalability. Additionally, the company established a new Data Centre as a Service (DCaaS) division during FY25, which includes a capital-light, facility-as-a-service model for the design, engineering, and deployment of data centres and ground stations. The first DCaaS contract, valued at approximately $3.6 million over 5 years, was signed with a US-based global provider of satellite earth stations. Financially, the Group recorded a loss after income tax of $2.3 million, broadly in line with FY24, with Underlying EBITDA reaching $814,526. Looking ahead, DXN is well-positioned for profitable growth, with a strong pipeline of $12 million in Backlog and a focus on further cost reductions, supply chain enhancements, and growth in the DCaaS division's recurring revenue models.

Guidance

The company reported revenue of $16 million for the financial year ended 30 June 2025, up 49% from the previous year.

Outlook

Entering FY26, DXN is well-positioned for profitable growth with a strong pipeline, including $12.0 million in Backlog across the group. The company is targeting expansion in high-growth segments, such as edge data centres, AI infrastructure, and satellite ground stations, and is focused on further cost reductions, supply chain enhancements, and growth in the DCaaS division's recurring revenue models.