• Modular backlog orders increased to $10.1 million, contributing to a total backlog of $14.5 million
• First recurring revenue from Data Centre as a Service (DCaaS) received in the half
• Signed strategic non-binding MOU and Shareholder Agreement with Super Sistem Indonesia (SSI) to form a Joint Venture

DXN Limited ('DXN' or 'the Company'), a prefabricated modular data centre specialist, is pleased to announce its half year results for the period ending 31 December 2025 (1HFY26) alongside key operational and strategic updates. The Company continued execution on its growth strategy in the prefabricated modular data centre sector during the half, despite temporary softness in revenue due to project timing and significant customer-driven deferrals. The Modular division delivered approximately 50% of revenue in the half, supported by progress on key projects including Globalstar and APTelecom. The Company secured significant new work in the half, including a $1.8 million contract for APTelecom and a $1.4 million Edge Data Centre project, enhancing the FY26 pipeline and Asia-Pacific footprint. In Data Centre Operations, revenue was approximately $1.3 million. A milestone achievement was the completion of the first DCaaS site, with civil works, power, and fibre installations finalised, leading to initial service fee receipts and the start of recurring revenue. Strategically, the signing of the MOU with SSI represents a major step forward. The JV, with equal ownership, includes plans for a Jakarta manufacturing facility to localise production, comply with data sovereignty regulations, and serve Indonesia's rapidly expanding digital economy with projected data centre capacity growth from ~970 MW to 1,800 MW by 2028. This positions DXN to avoid high import tariffs and secure initial orders for SSI while expanding to additional customers.

The Company targets revenue growth in FY26, weighted toward 2HFY26 as backlog converts and new initiatives ramp up.

DXN continues to pursue opportunities in mission-critical infrastructure, edge computing, AI, and hyperscale applications across the Asia-Pacific region. The Company enters 2HFY26 with $14.5 million in back log work, providing a strong foundation as the Company actively pursues opportunities in its core segments.