Quarterly Activities/Appendix 4C Cash Flow Report
| Stock | DXN Ltd (DXN.ASX) |
|---|---|
| Release Time | 29 Jul 2026, 8:41 a.m. |
| Price Sensitive | Yes |
DXN Ltd Enters AI HPC Market with Major Contract
- Secured a A$8.8m contract from a US neo-cloud operator
- Potential follow-on revenue of over US$200m
- Completed a A$7.0m institutional placement
- Strong order book and cash balance of $11.0m
- Divested non-core Hobart data centre
DXN Ltd, a prefabricated modular data centre specialist, reported an operational and financial update for Q4 FY26. Key highlights include securing a A$8.8m AI HPC contract from a US neo-cloud operator, a potential follow-on revenue opportunity exceeding US$200m, and a A$7.0m institutional placement. The company has a growing pipeline of 99 projects, with 7% in verbal contracting stage. Despite a 25.8% decrease in quarterly revenue, the company closed FY26 with a record backlog of $23.5m and a cash balance of $11.0m. DXN also divested its non-core Hobart data centre for up to A$520,000. The company anticipates converting approximately 45% of its backlog into revenue in 1HFY27.
DXN anticipates converting approximately 45% of its backlog into revenue in 1HFY27.
DXN aims to capitalize on the accelerating global demand for high-density AI compute infrastructure, leveraging its productized modular platform and capital position.