DXN secures fourth cable landing station order from global internet customer

Fourth Order Deepens Global Internet Customer Relationship

DXN Limited (ASX:DXN) has won a repeat A$4.8 million contract from a global internet company, giving the modular data centre manufacturer its fourth order from the same customer. The project covers the design, engineering, manufacture, supply and commissioning of a complete cable landing station for a Pacific region site under US jurisdiction.

The customer’s identity remains undisclosed. DXN says the description provided is sufficient for investors to assess the contract’s market significance, while the company does not consider the customer’s identity itself likely to materially affect the value of its securities.

Standardised Modules Aim to Compress Delivery

DXN expects manufacturing to start immediately, using its facilities in Malaysia and Western Australia. Factory acceptance testing is planned before the modules are shipped to site, with delivery expected in Q1 FY28.

The company says the engineering solution has been standardised for this customer, which should reduce time and cost across design, manufacturing, supply chain and delivery. The turnkey system will include integrated power, cooling, fire suppression, security and monitoring within DXN’s prefabricated modular platform.

The contract expands a cable infrastructure line that already includes the A$1.2 million Solomon Islands CLS contract, reported earlier this year. DXN presents its modular approach as an alternative to traditional construction for remote or logistically difficult locations, where factory-controlled production and shorter deployment timelines may be valuable.

Revenue Visibility Improves, but Economics Stay Unclear

For DXN, the repeat award is evidence of continued access to mission-critical infrastructure work from a major technology operator. Managing Director Shalini Lagrutta said the company had developed a standardised solution suited to the customer’s global deployment requirements.

That is a positive commercial signal, but the announcement does not disclose the contract’s margin, payment terms, expected earnings contribution or effect on total backlog. Nor does it specify when revenue will be recognised. The next useful markers are manufacturing progress, factory acceptance testing and delivery against the Q1 FY28 target.