DTI Group Raises $2.69M, Advances Flexity Tram, Secures $2M+ in Contracts
DTI Group Limited has successfully completed a $2.69 million entitlement offer, marked a key milestone with the first installation of the Flexity tram, and secured over $2 million in new contracts during the June 2025 quarter.
- Completed fully underwritten entitlement offer raising $2.69M
- First of type Flexity tram installation finished with Adelaide Metro
- Received over AUD$2M in new contracts including Siemens and Alstom projects
- Cash balance stood at $0.36M at quarter-end
- Operational costs slightly exceeded receipts in the quarter
Capital Raise Bolsters Growth Prospects
DTI Group Limited (ASX, DTI) has successfully completed a fully underwritten non-renounceable entitlement offer, raising approximately $2.69 million before costs. The offer, priced at $0.006 per share on a one-for-one basis, was fully underwritten by Finico Pty Ltd, reflecting strong shareholder support and confidence in the company’s strategic direction.
Milestone Achieved with Flexity Tram Installation
In a significant operational achievement, DTI completed the first of type installation of its Flexity tram system in collaboration with Adelaide Metro Operations. This installation marks a critical step forward, with driver training now underway and plans to bring the tram into revenue service shortly. The project underscores DTI’s capability to integrate advanced digital solutions with aging transit infrastructure, a feat that CEO Matt Strack highlighted as a testament to the team’s expertise.
Strong Contract Wins Signal Momentum
DTI’s momentum continued with the award of multiple contracts exceeding AUD$2 million during the quarter. Notable projects include a Siemens event recording system for a high-speed train, a knowledge transfer engagement with Gibela for passenger information displays, and CCTV projects with Alstom in Panama and CAF in Medellin. These wins demonstrate the company’s expanding footprint in both domestic and international transit technology markets.
Financial Position and Operational Costs
Despite the successful capital raise and contract awards, DTI reported a cash equivalent balance of $0.36 million at the end of June 2025. Quarterly receipts from customers totaled $1.33 million, while combined manufacturing, operating, staff, and administrative costs slightly exceeded this amount. The company’s ability to manage cash flow effectively will be critical as it scales operations and delivers on its growing order book.
Looking Ahead
With the Flexity tram installation progressing to revenue service and a pipeline of contracts secured, DTI is positioned for continued growth. The company’s focus on integrating cutting-edge surveillance, telematics, and passenger information systems into transit vehicles aligns well with increasing demand for smart transport solutions globally.
Bottom Line?
DTI’s recent capital raise and project milestones set the stage for growth, but cash flow management will be key to sustaining momentum.
Questions in the middle?
- How soon will the Flexity tram enter full revenue service and impact earnings?
- What are the expected revenue timelines and margins from the newly awarded contracts?
- Can DTI maintain or improve its cash position amid ongoing operational expenditures?
