• Record half-year revenue of US$40.4 million, up 40% from H1 FY25
• Normalised EBITDA of US$13.6 million, up 161% from H1 FY25
• Robust Services business growth and ramp-up of EPIC contract in Malaysia

DUG Technology Ltd reported strong operational performance in the first half of FY26, with record half-year revenue of US$40.4 million, up 40% from the prior corresponding period. Normalised EBITDA also increased significantly, rising 161% to US$13.6 million. These results were underpinned by growth in the Services business, which saw revenue increase by 30%, and the ramp-up of the EPIC contract in Malaysia. The Services business delivered strong performance in both established and emerging regions, with the continued adoption of MP-FWI imaging technology contributing to the growth. The EPIC contract in Malaysia was able to be partially commissioned earlier than anticipated, resulting in 3 months of partial revenue recognition in H1 FY26. The Group also expanded its global multi-client portfolio by launching two new seismic reprocessing projects offshore Equatorial Guinea. The Company's financial position remains robust, with total cash and cash equivalents of US$14.3 million as at 31 December 2025. Net cash flows from operating activities totalled US$7.4 million in H1 FY26, a significant improvement compared to the US$2.2 million outflow in the prior corresponding period.