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DUG Technology Ltd
(Sydney:DUG)
DUG Technology Ltd (DUG) vs. iShares MSCI Australia ETF (EWA)
DUG Technology Ltd Business Overview & Revenue Model
DUG Technology Ltd Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 74.94M | 62.58M | 65.50M | 50.95M | 33.66M | 38.45M |
| Gross Profit | 31.02M | 62.58M | 37.55M | 11.41M | -1.06M | 9.21M |
| EBITDA | 22.98M | 11.52M | 15.55M | 14.23M | 1.86M | -2.57M |
| Net Income | 1.62M | -3.89M | 2.77M | 5.00M | -9.27M | -15.83M |
Balance Sheet | ||||||
| Total Assets | 105.74M | 91.45M | 80.09M | 47.07M | 39.07M | 55.96M |
| Cash, Cash Equivalents and Short-Term Investments | 14.30M | 16.41M | 9.38M | 7.99M | 2.66M | 10.02M |
| Total Debt | 54.33M | 33.81M | 35.05M | 15.52M | 16.87M | 33.52M |
| Total Liabilities | 56.83M | 44.17M | 50.07M | 26.16M | 25.18M | 2.70M |
| Stockholders Equity | 49.47M | 47.32M | 29.55M | 21.00M | 13.95M | 11.43M |
Cash Flow | ||||||
| Free Cash Flow | 11.10M | -2.82M | -19.21M | 17.04M | -2.13M | -9.04M |
| Operating Cash Flow | 15.32M | 5.58M | 12.11M | 20.12M | -615.57K | -2.83M |
| Investing Cash Flow | -4.65M | -8.40M | -30.41M | -3.01M | -1.50M | -6.00M |
| Financing Cash Flow | -14.49M | 9.80M | 19.84M | -4.86M | -5.24M | 6.77M |
DUG Technology Ltd Technical Analysis
DUG Technology Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | AU$52.78M | -77.51 | 10.79% | 4.66% | 14.59% | -11.13% | |
67 Neutral | AU$1.05B | 15.07 | 60.59% | 3.02% | 5.82% | 11.11% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | AU$418.11M | -6.25 | -24.40% | ― | -9.02% | 80.67% | |
60 Neutral | AU$206.53M | -16.19 | 4.81% | ― | 23.53% | -23.98% | |
56 Neutral | AU$74.39M | 38.88 | 4.26% | ― | 11.90% | 42.11% | |
46 Neutral | AU$277.76M | 31.82 | -10.10% | ― | -3.10% | -236.41% |
DUG Technology Ltd Corporate Events
DUG Technology reported its strongest half-year performance on record for the first half of FY26, supported by the signing and commissioning of a major Malaysian SaaS and HPCaaS contract under its EPIC offering. The US$43.3 million, three-year deal, of which US$30.1 million is net to DUG, underpinned a 40% rise in revenue to US$40.4 million and a 161% surge in normalised EBITDA to US$13.6 million.
The company’s services division delivered a 30% increase in revenue to US$31.8 million, driven by robust demand across both mature and newer regions and by growing adoption of its MP-FWI imaging technology. Management highlighted that the EPIC contract ramp-up, completed in mid-December 2025, positions DUG for sustained growth in high-performance computing services and reinforces its competitive standing in the imaging and HPCaaS market.
The most recent analyst rating on (AU:DUG) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on DUG Technology Ltd stock, see the AU:DUG Stock Forecast page.
DUG Technology reported record half-year results for the six months to 31 December 2025, with total revenue rising 40% to US$40.4 million and normalised EBITDA surging 161% to US$13.6 million, driven by strong growth in its Services division and a sharp uptick in high-performance computing revenue. Operating cash flow swung from a loss to a positive US$7.4 million and the services order book climbed 32% to US$43.5 million, underscoring improved profitability and financial strength.
The company’s performance was bolstered by the ramp-up of its EPIC SaaS and HPCaaS contract in Malaysia, a three-year deal worth US$43.3 million in total, and the continued adoption of its MP-FWI imaging technology across key markets. DUG also expanded its multi-client seismic portfolio with two fully pre-funded reprocessing projects offshore Equatorial Guinea, positioning the firm to capitalise on upcoming exploration licensing rounds and reinforcing management’s confidence in maintaining growth momentum into the second half.
The most recent analyst rating on (AU:DUG) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on DUG Technology Ltd stock, see the AU:DUG Stock Forecast page.
DUG Technology Ltd reported strong growth for the half-year ended 31 December 2025, with revenue from ordinary activities rising 40% to US$40.4 million and other income up 47%. EBITDA more than doubled to US$11.5 million, while normalised EBITDA, excluding a one-off legal provision, jumped 161% to US$13.6 million.
The company swung from a loss to a profit, posting US$1.5 million profit attributable to members compared with a US$4.0 million loss a year earlier, while net tangible assets per share edged up to US$0.36. No dividends were declared for the period, suggesting management is prioritising reinvestment and balance-sheet strength as the business continues to improve profitability.
The most recent analyst rating on (AU:DUG) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on DUG Technology Ltd stock, see the AU:DUG Stock Forecast page.
DUG Technology has reported that a U.S. federal court has entered final judgment against its U.S. subsidiary, DownUnder GeoSolutions (America) LLC, in a dispute with a supplier over an energy management services agreement. A Texas jury found DUG US liable for breach of contract and awarded the supplier about US$270,000 in damages, substantially below the US$2.4 million originally sought.
After considering post-trial motions on fees and costs, the court ordered DUG US to pay the damages plus roughly US$1.85 million in attorney’s fees and about US$8,000 in court costs and expenses, significantly increasing the financial impact of the case. DUG US plans to file post‑trial motions to set aside the judgment and, if necessary, pursue an appeal, leaving the ultimate financial and legal exposure uncertain for the company and its stakeholders.
The most recent analyst rating on (AU:DUG) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on DUG Technology Ltd stock, see the AU:DUG Stock Forecast page.
DUG Technology Ltd has applied for quotation of 11,935 additional ordinary fully paid shares on the Australian Securities Exchange, with an issue date of 23 February 2026. The new securities arise from the exercise or conversion of existing options or other convertible instruments, modestly increasing the company’s quoted share capital and reflecting ongoing participation in its equity incentive or financing structures.
The incremental issuance is relatively small in scale, suggesting limited immediate dilution for existing shareholders while still signaling continued use of equity-based mechanisms to fund operations or reward stakeholders. By expanding its pool of quoted securities, DUG maintains flexibility in its capital structure and reinforces its presence in the public markets, which may support liquidity and investor engagement over time.
The most recent analyst rating on (AU:DUG) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on DUG Technology Ltd stock, see the AU:DUG Stock Forecast page.
DUG Technology will release its FY26 first-half financial results and Appendix 4D on 26 February 2026, accompanied by a management-hosted webinar to brief investors on performance and strategy, reinforcing its engagement with stakeholders. The scheduled disclosure underscores the company’s intent to maintain transparency around operational progress and offers investors a direct channel to gauge how its advanced computing capabilities are being leveraged amid broader industry demand for data-intensive geoscience services.
The most recent analyst rating on (AU:DUG) stock is a Buy with a A$2.90 price target. To see the full list of analyst forecasts on DUG Technology Ltd stock, see the AU:DUG Stock Forecast page.
DUG Technology Ltd has lodged an application with the ASX for the quotation of 69,253 new ordinary fully paid shares, issued on 19 January 2026. The modest enlargement of its quoted share capital reflects the conversion or exercise of existing options or other convertible securities, signaling routine capital management activity rather than a major equity raising, and slightly increasing the free float available to investors.
The most recent analyst rating on (AU:DUG) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on DUG Technology Ltd stock, see the AU:DUG Stock Forecast page.
DUG Technology has disclosed a change in director Matthew Lamont’s indirect interests, with additional equity-based incentives issued through an associated entity, Lamont Geophysical Services Pty Ltd
The most recent analyst rating on (AU:DUG) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on DUG Technology Ltd stock, see the AU:DUG Stock Forecast page.
DUG Technology Ltd has notified the ASX of the issue of 115,749 zero exercise price unlisted options expiring on 30 November 2040 under its employee incentive scheme, with the securities issued on 31 December 2025 and subject to transfer restrictions until those restrictions end. The move underscores the company’s continued reliance on long‑dated equity incentives to attract, retain and motivate staff, aligning employee interests with long-term shareholder value while minimally diluting existing investors due to the options’ unquoted and restricted nature.
The most recent analyst rating on (AU:DUG) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on DUG Technology Ltd stock, see the AU:DUG Stock Forecast page.
DUG Technology Ltd has issued 830,110 zero exercise price unlisted options expiring on 30 November 2039 under an employee incentive scheme, with the securities subject to transfer restrictions and not quoted on the ASX until those restrictions lapse. The move boosts the company’s pool of long-dated incentive securities, aligning employee interests with long-term company performance and signalling a continued focus on staff retention and equity-based remuneration, though it also marginally increases potential future dilution for existing shareholders.
The most recent analyst rating on (AU:DUG) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on DUG Technology Ltd stock, see the AU:DUG Stock Forecast page.
DUG Technology Ltd has granted 830,110 unlisted zero exercise price options (ZEPOs) under its Omnibus Long Term Incentive Plan, last approved by shareholders in November 2023, as part of its executive and staff remuneration framework. Of these, 369,728 ZEPOs have been awarded to the senior executive team with a three-year vesting period to 30 November 2027, subject to continued employment and performance hurdles split evenly between a relative Total Shareholder Return target against the S&P/ASX Small Ordinaries Index and a Return on Capital Employed target, both with pro-rata vesting scales and potential for above-target vesting. A further 460,382 ZEPOs have been granted to selected non-executive employees as retention awards, vesting after three years contingent on continued employment, reinforcing DUG’s focus on long-term performance, capital efficiency and talent retention through equity-linked incentives that align management and staff with shareholder outcomes.
The most recent analyst rating on (AU:DUG) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on DUG Technology Ltd stock, see the AU:DUG Stock Forecast page.