FY26 Results Investor Presentation

• FY26 revenue decreased by 33% to $10.1m due to project deferrals
• Loss after tax amounted to $6.6m, including $0.55m loss from discontinued operations
• DXN secured a second AI HPC contract worth $12.2m, increasing FY26 backlog to $40.9m

DXN Ltd reported a 33% decline in FY26 revenue to $10.1 million, reflecting customer-side project deferrals in the first half of the year. The company incurred a $6.6 million loss after tax, which included a $0.55 million loss from the discontinued Hobart data centre. Gross margin pressure was due to underutilized capacity and elevated project costs. DXN's financial position strengthened with a $11.0 million cash increase, supported by a $7.0 million capital raise. The company's backlog grew significantly, reaching $40.9 million as of August 2026, driven by new AI HPC contracts. DXN is expanding its manufacturing capacity with facilities in Malaysia and on Australia's east coast, aiming to meet growing demand.

DXN Ltd expects to convert 45% of its FY26 backlog to revenue in the first half of FY27.

DXN enters FY27 with a strengthened balance sheet and a backlog of $40.9 million. The company aims to capitalize on global demand for high-density AI compute infrastructure, with a focus on delivering AI HPC pilot projects and expanding its manufacturing capacity.