FY26-H1 Results Release

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Stock DUG Technology Ltd (DUG.ASX)
Release Time 25 Feb 2026, 6:21 p.m.
Price Sensitive Yes
 DUG Technology Ltd reports record FY26-H1 results
Key Points
  • Significant revenue growth of 40% to US$40.4m
  • Normalised EBITDA increased 161% to US$13.6m
  • Expansion of global multi-client portfolio with new projects in Equatorial Guinea
Full Summary

DUG Technology Ltd (ASX: DUG) has presented its auditor reviewed financial results for the half-year ended 31 December 2025 (FY26-H1). The company achieved record financial results, characterised by significant revenue growth of 40% to US$40.4m and a 161% increase in normalised EBITDA to US$13.6m. These results were underpinned by growth in the Services business and the ramp-up of the EPIC contract in Malaysia. The company also expanded its global multi-client portfolio by launching two new seismic reprocessing projects offshore Equatorial Guinea, which are fully pre-funded by clients. DUG Managing Director, Dr. Matthew Lamont, stated that the first half of FY26 has been a milestone period for the company, demonstrating the powerful operating leverage within the business as it continues to scale. With the core Services business performing strongly, the launch of new multi-client projects, and the EPIC project fully commissioned, DUG enters the second half with a high degree of confidence in its growth momentum.

Outlook

DUG enters the second half of FY26 with a high degree of confidence in its growth momentum, driven by the strong performance of its core Services business, the launch of new multi-client projects, and the full commissioning of the EPIC project.