DXN set for FY27 with record backlog and rising AI demand

• Secured maiden AI HPC contract valued at $8.8M with potential for $200M follow-on
• Entered FY27 with a backlog of $40.9M, a record high
• Completed $7.0M capital raise to fund future growth

DXN Ltd. announced its financial results for FY26, highlighting a record backlog of $40.9M as of August 30, 2026. The company secured its first AI High-Performance Compute (HPC) contract worth $8.8M, with a potential follow-on opportunity valued at over $200M. DXN also secured a second AI HPC contract worth approximately $12.2M. The company raised $7.0M to fund additional factory capacity, positioning itself to scale production ahead of anticipated demand. DXN's backlog represents its strongest-ever position, with approximately 45% expected to convert into revenue in the first half of FY27.

DXN anticipates converting 45% of its backlog into revenue in the first half of FY27.

DXN is focused on the successful delivery of its maiden AI HPC pilot, which is key to converting the $200M+ follow-on opportunity into contracted work. The company plans to scale its manufacturing network through its Malaysian facility and a proposed Australian facility.