DUG Technology
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DUG Technology (DUG) investor relations material

DUG Technology H1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2026 earnings summary26 Feb, 2026

Executive summary

  • Achieved record half-year revenue of $40.4 million, up 40% year-over-year, and normalised EBITDA of $13.6 million, up 161%, driven by strong Services and the ramp-up of the Malaysian EPIC contract.

  • Services revenue rose 30% to $31.8 million, software revenue up 29% to $4.1 million, and HPCaaS revenue up 313% to $4.5 million, with the Services order book at $43.5 million as of December 31, 2025.

  • Strong cash position at $20.7 million as of January 31, reflecting robust operating cash flow and customer receipts.

  • Expanded global footprint with new offices in Abu Dhabi and Rio de Janeiro and launched new seismic projects in Equatorial Guinea.

  • Net profit after tax was $1.0 million, reversing a $3.9 million loss in the prior year.

Financial highlights

  • Revenue increased 40% to $40.4 million; normalised EBITDA rose 161% to $13.6 million with a 34% margin.

  • Operating profit was $5.4 million, up from a $1.2 million loss prior year; net profit after tax was $1.0 million.

  • Cash generated from operating activities was $7.4 million for the half.

  • Net debt stood at $0.3 million at December 31, with asset financing debt at $14.6 million.

  • Cash balance at $20.7 million as of January 31, up 26% from June 30.

Outlook and guidance

  • Management expects continued growth in services, software, and HPC, underpinned by the Malaysian EPIC contract and a robust project pipeline.

  • EBITDA margin expected to remain at or above 34% for the full year.

  • Maintenance CapEx projected at $1–3 million, with total CapEx (including EPIC projects) around $14–16 million for the year.

  • FY26-H2 will benefit from a full six months of EPIC contract revenue and margins.

  • No plans to open additional offices in the near term.

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Frequently asked questions

DUG Technology Ltd is an Australian technology company specializing in high-performance computing (HPC) solutions, data analysis, and geophysical services, primarily serving sectors like energy, astrophysics, and environmental science. The company provides cloud-based HPC platforms and software designed to handle large datasets and complex computations. DUG also offers tailored HPC services for seismic processing and imaging, helping clients in oil and gas and other industries to optimize data processing and analysis. The company is headquartered in Perth, Western Australia, and its shares are listed on the ASX.

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