Nexion Group has completed the sale of its Networks businesses and is pivoting to focus on data centre operations and its FuseAI software platform, preparing for an ASX relisting.
- Sale of Nexion Networks and Blue-Sky Telecom for $4.55 million
- Shift to core focus on data centre infrastructure and FuseAI platform
- Recurring vendor finance repayments and maintenance contracts provide steady income
- Convertible notes terminated with liabilities assumed by Pier DC Pty Ltd
- ASX trading suspension expected to end with relisting in February 2026
Strategic Divestment and Refocus
In a decisive move to reshape its business, Nexion Group Ltd (ASX, NNG) completed the sale of its Networks subsidiaries; Nexion Networks Pty Ltd and Blue-Sky Telecom Pty Ltd; for $4.55 million in November 2025. This divestment marks a clear pivot away from its traditional telecommunications operations, allowing the company to concentrate on its data centre operations and the development of its FuseAI software platform.
The sale has resulted in a partial quarter’s revenue from the disposed businesses, with customer receipts booked for only half of the quarter. Post-sale, Nexion’s recurring revenue stream now primarily consists of vendor finance repayments totaling $42,567 per month and a data centre maintenance contract, providing a more predictable income base as the company transitions.
Building a New Growth Engine
With the operational teams of the sold businesses transitioning to Pier DC Pty Ltd, Nexion is assembling a new sales force in Perth. This team will focus on expanding technical infrastructure maintenance contracts and driving adoption of the FuseAI platform, which integrates agentic digital twin technology and predictive analytics to optimise infrastructure performance.
Looking ahead, Nexion plans to deploy FuseAI at the Belmont Data Centre, creating a digital twin that monitors critical metrics such as rack occupation, cooling efficiency, power consumption, and security. This initiative aims to establish a scalable vertical market solution tailored to the rapidly growing global data centre industry, positioning Nexion as a technology innovator in this space.
Financial Restructuring and ASX Relisting
Financially, the company has taken significant steps to streamline its capital structure. All outstanding convertible notes were terminated during the quarter, with Pier DC Pty Ltd assuming the associated liabilities. This move simplifies Nexion’s balance sheet ahead of its anticipated return to the ASX, with trading expected to recommence in February 2026 following regulatory approval.
Despite the strategic progress, the company reported operating cash outflows during the quarter, reflecting ongoing investment in product development and corporate costs. However, with cash reserves and vendor finance repayments, Nexion appears positioned to support its operations through this transition phase.
Outlook
Nexion’s transformation from a network operator to a software and data centre infrastructure specialist is a bold bet on the future of digital infrastructure management. The success of the FuseAI platform’s deployment and the company’s ability to grow recurring revenue streams will be critical to watch as it prepares to re-enter the public markets.
Bottom Line?
Nexion’s next chapter hinges on FuseAI’s market traction and a smooth ASX relisting.
Questions in the middle?
- How quickly can Nexion scale sales of FuseAI and infrastructure services in Perth and beyond?
- What impact will the Belmont Data Centre digital twin project have on revenue and client acquisition?
- Will the ASX approve Nexion’s relisting without delay, and how will the market respond?