DXN Ltd Q1 FY27 Financial and Operational Update
Key points
- Q1 FY27 revenue of approximately $3.4 million, up 380% y-o-y
- Over A$19 million of new contracts and variations announced
- Total backlog of approximately $30.8 million as at 30 September 2026
- DXN expects to achieve $11 million in 1H FY27 revenue
- Pipeline of 93 identified projects, with 13% in final negotiations or verbal win/contracting
Full summary
DXN Ltd, a prefabricated modular data centre specialist, reported an operational and financial update for the quarter ended 30 September 2026. The company reported Q1 FY27 revenue of approximately $3.4 million, up approximately 380% on the prior corresponding period (pcp). New contract awards underpinned an increase in total backlog to approximately $30.8 million as at 30 September 2026. DXN expects to achieve $11 million in 1H FY27 revenue, aided by the temporary manufacturing facility in Seven Hills, NSW, which commences production in Q2 FY27. The company also secured a second AI HPC contract of approximately A$12.2 million, representing the first phase of a potentially larger deployment. DXN's backlog includes 93 identified projects, with 13% of opportunities in final negotiations or verbal win/contracting.
Guidance
DXN expects to achieve $11 million in 1H FY27 revenue
Outlook
DXN's near-term priorities are successful delivery of its second AI HPC project, satellite and subsea cable projects, conversion of backlog into revenue, and the expansion of the Company's manufacturing footprint.
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