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DC Two Ltd.
(Sydney:AI1)
DC Two Ltd. (AI1) vs. iShares MSCI Australia ETF (EWA)
DC Two Ltd. Business Overview & Revenue Model
DC Two Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.26M | 3.26M | 5.50M | 2.68M | 4.39M |
| Gross Profit | 1.64M | -781.61K | 3.21M | 1.44M | 1.46M |
| EBITDA | -6.35M | -5.69M | -106.12K | -1.52M | -2.96M |
| Net Income | -9.60M | -9.60M | -1.55M | -2.04M | -4.34M |
Balance Sheet | |||||
| Total Assets | 46.96M | 46.96M | 4.60M | 8.68M | 6.70M |
| Cash, Cash Equivalents and Short-Term Investments | 6.96M | 6.96M | 299.14K | 676.81K | 600.67K |
| Total Debt | 280.28K | 280.28K | 2.84M | 3.76M | 3.67M |
| Total Liabilities | 1.32M | 1.32M | 5.79M | 8.66M | 6.57M |
| Stockholders Equity | 45.64M | 45.64M | 2.31M | 2.19M | 2.24M |
Cash Flow | |||||
| Free Cash Flow | -4.66M | -4.66M | -800.60K | -1.28M | -3.80M |
| Operating Cash Flow | -3.65M | -3.65M | 0.00 | 0.00 | 0.00 |
| Investing Cash Flow | -1.90M | -1.90M | 801.22K | 21.85K | -2.45M |
| Financing Cash Flow | 12.21M | 12.21M | -429.50K | 1.01M | 2.51M |
DC Two Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
49 Neutral | AU$15.24M | -0.35 | -148.39% | ― | ― | ― | |
47 Neutral | AU$26.93M | -9.75 | -60.87% | ― | ― | ― | |
44 Neutral | AU$19.44M | -2.44 | -9999.00% | ― | ― | ― | |
43 Neutral | AU$44.21M | -2.59 | -27.06% | ― | ― | ― | |
43 Neutral | AU$29.71M | -13.50 | ― | ― | 7.32% | 67.11% |
DC Two Ltd. Corporate Events
Adisyn Ltd reported significant technical progress in the December 2025 quarter on its world-first low-temperature graphene deposition program, validating a key pre-clean sub-process that effectively prepares semiconductor wafers for graphene growth. Post period-end, an independent expert confirmed successful low-temperature deposition of an sp²-based carbon layer using an ALD system, a key de-risking step that supports the scalability and potential industry integration of graphene-based interconnects as an alternative to copper in advanced chips. The company also completed a strategic review of its business units, identifying opportunities to enhance scale by increasing capital allocation to its semiconductor activities, and it closed the quarter with a strong balance sheet, holding A$4.9 million in cash and no debt to support current and future development.
The most recent analyst rating on (AU:AI1) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on DC Two Ltd. stock, see the AU:AI1 Stock Forecast page.
Adisyn Ltd has reported a change in the interests of director Arye Kohavi following the conversion of performance rights into fully paid ordinary shares. Kohavi acquired 9,300,282 fully paid ordinary shares—5,100,282 issued as non-cash consideration linked to an acquisition previously approved by shareholders, and 4,200,000 issued as incentive securities approved at the 2025 AGM—which increases his direct and indirect shareholdings while reducing his performance rights, reflecting the vesting of Milestone A and further aligning his interests with those of shareholders.
The most recent analyst rating on (AU:AI1) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on DC Two Ltd. stock, see the AU:AI1 Stock Forecast page.
Adisyn Ltd has reported a change in the security holdings of director Kevin Crofton, disclosing the conversion and vesting of performance rights into fully paid ordinary shares and an increase in his indirect shareholding. The transaction reflects a mix of equity issued as non-cash consideration tied to a previously approved acquisition and additional incentive securities approved by shareholders, underscoring the company’s continued use of equity-based remuneration and milestone-linked rewards to align executive interests with shareholder value.
The most recent analyst rating on (AU:AI1) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on DC Two Ltd. stock, see the AU:AI1 Stock Forecast page.
Adisyn Ltd has converted 108.5 million Class A performance rights into fully paid ordinary shares, expanding its share capital through a mix of consideration for an earlier acquisition, director incentives and employee share plans. The bulk of the new shares relate to the acquisition of 2D Generation Ltd, with a portion subject to 12‑month voluntary escrow, and the company has confirmed it remains compliant with its continuous disclosure and reporting obligations under the Corporations Act, signalling no undisclosed price-sensitive information for investors.
The most recent analyst rating on (AU:AI1) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on DC Two Ltd. stock, see the AU:AI1 Stock Forecast page.
Adisyn Ltd, listed on the ASX under the code AI1, has applied for quotation of 108.5 million new fully paid ordinary shares following the exercise or conversion of existing options or other convertible securities. The issuance, effective 8 January 2026, will expand the company’s quoted share base and may affect capital structure and liquidity for shareholders as these additional securities commence trading on the ASX.
The most recent analyst rating on (AU:AI1) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on DC Two Ltd. stock, see the AU:AI1 Stock Forecast page.
Adisyn Ltd has notified the ASX of the issue of 10 million unquoted performance rights under its employee incentive scheme, effective 6 January 2026. The new securities, which are subject to transfer restrictions and will not be quoted until those restrictions lapse, underscore the company’s ongoing use of equity incentives to align staff interests with shareholders and support talent retention in a competitive technology market.
The most recent analyst rating on (AU:AI1) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on DC Two Ltd. stock, see the AU:AI1 Stock Forecast page.
Adisyn Ltd has achieved the first technical milestone under its acquisition of 2D Generation Ltd by successfully demonstrating low‑temperature deposition of an sp²‑based carbon layer onto copper substrates using an Atomic Layer Deposition system, with the process operating below 300°C and the material structure confirmed via Raman spectroscopy. The result, independently verified by Tel Aviv University’s Professor Yoram Selzer, is viewed by the board as a significant de‑risking step for Adisyn’s graphene deposition program and a crucial move toward integration and scalability in semiconductor manufacturing, triggering the issue of 100 million Adisyn shares to 2D Generation’s original shareholders and additional equity to key employees under the deal’s milestone-based structure.
The most recent analyst rating on (AU:AI1) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on DC Two Ltd. stock, see the AU:AI1 Stock Forecast page.
Adisyn Ltd has requested and been granted a trading halt on its securities by the ASX, effective from 2 January 2026, pending the release of an announcement updating shareholders and the market on the progress of its low-temperature Atomic Layer Deposition research and development program. The halt, expected to last until either 6 January 2026 or the earlier release of the update, underscores the potential material significance of the R&D milestone associated with Tranche 1 Performance Rights for investors and highlights that forthcoming developments in the ALD program could influence the company’s valuation and strategic positioning in advanced materials technology.
Adisyn Ltd has disclosed a change in the interests of director Arye Kohavi, covering both his direct and indirect holdings in the company’s securities. Following shareholder approval at the 26 November 2025 AGM, Kohavi was issued an additional 4.2 million performance rights expiring 9 January 2026, 6.3 million expiring 9 July 2026 and 10.5 million expiring 9 January 2028, all for no cash consideration, significantly increasing his performance rights while leaving his indirect holding of 15.3 million escrowed fully paid ordinary shares unchanged; the move further aligns his remuneration with Adisyn’s future performance metrics and underscores a long-term incentive structure for senior leadership.
Adisyn Ltd has disclosed changes to the equity interests of director Kevin Crofton, detailing an increase in his holdings of performance rights and confirmation of existing options and ordinary shares. The additional performance rights, which were granted for no cash consideration following shareholder approval at the 26 November 2025 AGM, significantly expand Crofton’s potential equity stake, underscoring the company’s ongoing use of equity-based incentives to align executive remuneration with shareholder interests.
Adisyn Ltd has notified the ASX of the issue of 30 million unquoted performance rights under its AI1AM security code, effective 23 December 2025. The new performance rights issuance is likely tied to incentive or remuneration structures and will expand the company’s unquoted equity base, with potential implications for future dilution and alignment of management or staff interests with shareholder outcomes.
Adisyn Ltd, listed on the ASX under the code AI1, has reported a change to its capital structure following the expiry of a series of options. The company announced that 1,000,000 options exercisable at $0.60 and due to expire on 20 December 2025 have lapsed unexercised, resulting in a cessation of these securities, which marginally simplifies Adisyn’s capital structure and removes a potential future source of equity dilution for existing shareholders.
Adisyn Ltd has completed a strategic review of its asset portfolio and concluded that there are significant opportunities to improve scale and unlock value by directing more capital toward its graphene-based semiconductor subsidiary, 2D Generation. As a result, the company is now exploring options to realise shareholder value from its Adisyn Services managed IT and cybersecurity business, including the potential for a sale, partnership or change-of-control transaction, following inbound interest from third parties; while no agreements have yet been reached, the move signals a clear shift in focus toward Adisyn’s semiconductor technology and could reshape its business mix and growth profile in the semiconductor and IT services markets.
Adisyn Ltd announced that all resolutions proposed at its Annual General Meeting were successfully passed by poll. The resolutions included the adoption of the remuneration report, re-election of a director, approval of a 10% placement facility, refresh of the employee securities incentive plan, and issuance of options and performance rights to directors. This outcome reflects strong shareholder support and positions the company to continue its strategic initiatives.
Adisyn Ltd has requested a trading halt on its securities pending the release of an announcement regarding important initial pre-clean surface treatment results. The halt is expected to last until the announcement is made or until normal trading resumes on November 17, 2025. This move indicates that the company is preparing to disclose potentially significant information that could impact its stock performance and stakeholder interests.