DXN posts deeper half-year loss as revenues slide and balance sheet turns negative

DXN Ltd. ( (AU:DXN) ) has shared an announcement.

DXN Limited reported a sharp deterioration in its half-year financial performance to 31 December 2025, with revenue plunging 65.5% to $2.68 million and gross profit falling 78.6%, resulting in a net loss after tax of $3.47 million versus a $1.42 million loss a year earlier. EBITDA swung to a loss of $2.68 million and underlying EBITDA to a $2.16 million loss from a prior profit, there were no dividends declared, net tangible assets per share turned negative to (0.27) cents as intangibles outweighed net assets, and auditors flagged a material uncertainty relating to going concern even as DXN pursued regional expansion via its new Singapore subsidiary.

The company’s balance sheet weakened, with net tangible assets moving from $2.00 million to a deficit of $0.83 million over six months, reflecting rising losses and a growing share base. These results highlight mounting pressure on DXN’s capital structure and profitability at a time of strategic expansion, raising concerns for shareholders about ongoing funding needs and the sustainability of operations under challenging trading conditions.

The most recent analyst rating on (AU:DXN) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on DXN Ltd. stock, see the AU:DXN Stock Forecast page.

More about DXN Ltd.

DXN Limited is an Australian-listed company providing data centre and related digital infrastructure solutions. The group operates through modular data centre offerings and associated services, targeting enterprise and telecommunications customers in domestic and expanding Asia-Pacific markets, including a newly registered Singapore subsidiary, DXN Solutions Pte. Ltd.

Average Trading Volume: 421,366

Technical Sentiment Signal: Sell

Current Market Cap: A$8.17M

See more data about DXN stock on TipRanks’ Stock Analysis page.