• Modular backlog orders of $10.7 million as at 27 January 2026
• Revenue for the quarter was $1.74 million, reflecting a decrease of 63% on the prior corresponding period
• Secured $3.9 million of project work for customers including APTelecom

DXN Ltd, a prefabricated modular data centre specialist, has provided an operational and financial update for the quarter ending 31 December 2025 (Q2 FY26). The company's modular backlog orders stood at $10.7 million as at 27 January 2026, supported by a growing pipeline of identified projects, contributing to a total company backlog of $15 million. Revenue for the quarter was $1.74 million, reflecting a decrease of 63% on the prior corresponding period, primarily due to customer-driven project deferrals. The company closed the quarter with a cash balance of $1.7 million. DXN secured $3.9 million of project work during the quarter, including a $1.4 million Edge Data Centre contract and a $1.8 million contract for AP Telecom. The company's Data Centre Operations delivered revenue of approximately $0.6 million in Q2 FY26, a 1% improvement on the prior corresponding period. DXN completed its first Data Centre as a Service (DCaaS) site and commenced operations during the quarter. The company continues to target revenue growth in FY26, with contributions expected to be weighted toward the second half of the financial year.

The company continues to target revenue growth in FY26, with contributions expected to be weighted toward 2H FY26.

DXN's FY26 growth outlook is underpinned by geographical expansion leveraging its existing global customer portfolio and continued execution of its Asia-Pacific growth strategy, including a strategic, non-binding MOU and shareholder agreement to establish a joint venture in Indonesia with Super Sistem Indonesia (SSI).