• 35% year-on-year increase in total revenue to US$22.4m
• 49% year-on-year increase in EBITDA to US$7.9m
• 399% increase in operating cash flow to US$16.2m

DUG Technology Ltd (ASX: DUG) has provided a business update for the third quarter of fiscal year 2026 (FY26-Q3), reporting strong financial and operational performance. The company's total revenue for the quarter increased by 35% year-on-year to US$22.4 million, with services revenue up 16% to US$15.3 million, software revenue up 34% to US$3.8 million, and high-performance computing (HPC) revenue up 526% to US$3.3 million. EBITDA for the quarter increased by 49% year-on-year to US$7.9 million, while normalised EBITDA, which excludes a one-off expense, grew by 37% to US$7.3 million. Operating cash flow for the quarter surged by 399% to US$16.2 million, and the company's closing cash balance increased by 50% to US$24.4 million. The company's strong performance was driven by the continued demand for its MP-FWI Imaging technology, which has enabled the company to surpass its full-year FY25 results in the first nine months of FY26. The services business remained the anchor of the group's financial performance, while the software and HPC businesses continued to grow, representing 32% of revenue in FY26-Q3. The company's international expansion strategy has also paid off, with a growing pipeline positioning the company well for the future.