Australia · Delayed Price · Currency is AUD DUG Technology Earnings Call Transcripts
Fiscal Year 2026
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Record revenue up 38% year-over-year, driven by strong growth in software, HPC, and multi-client segments. Margins improved, with normalized EBITDA up 78% and NPAT returning to profit. Positive industry sentiment and a robust pipeline support an optimistic outlook for FY 2027.
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Record half-year revenue and EBITDA growth driven by Malaysian contracts and strong service performance. Cash position strengthened, with robust project pipeline and expanding recurring revenue from 4D seismic and multi-client projects. EBITDA margin expected to remain at or above 34%.
Fiscal Year 2025
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EMP-FWI technology is driving strong order book growth, with $52 million secured and major industry endorsement. Revenue declined 4% year-over-year, but software grew 13% and EBITDA margin reached 30% in the second half. Most of the order book is expected to convert within 12 months.
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Order book growth and strong software revenue offset a 4% overall revenue decline, with major investments in R&D, infrastructure, and global expansion. Pilot projects in MPFWI are driving momentum, and the company expects further growth and new revenue streams from BAC licensing and Nomad sales.
Fiscal Year 2024
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Revenue grew 29% to AUD 65.5M, driven by record services and strong Middle East momentum. Underlying EBITDA rose 54% year-over-year, with new tech launches and a robust pipeline supporting future growth.