The DUG Technology Ltd (ASX: DUG) share price is sinking 22% to $1.51 on Thursday despite the company reporting a 38% jump in revenue to US$86.4 million and returned to profit for FY26.

What did DUG Technology report?

• Revenue increased 38% to US$86.4 million
• Normalised EBITDA rose 78% to US$27.4 million, excluding a one-off expense
• Net profit after tax was US$2.6 million, a turnaround of US$7.0 million from FY25
• Software and HPCaaS revenue jumped to US$22.6 million, making up 26% of total revenue
• Multi-Client revenue came in at US$4.1 million, with 12 projects in the library
• Net cash from operating activities rose to US$20.9 million, up 273% year on year

What else do investors need to know?

DUG returned to profitability in FY26, with net profit after tax reaching US$2.6 million after recording a loss in the prior year. The company’s growth was broad-based, with strong performance across software, high performance computing as a service (HPCaaS), and services, particularly in emerging regions such as Brazil and the Middle East.

Investments in HPC infrastructure are already in place to support new contracts and continued growth, including a recent hardware expansion to deliver on fresh software and HPC deals. The services order book ended the year at US$33.6 million, underpinned by rising exploration activity and a healthy sales pipeline.

What’s next for DUG Technology?

Looking ahead, DUG expects continued momentum in FY27, with a full year of revenue from contracts secured in FY26 and a material software and HPC infrastructure award worth US$9.3 million. The firm has invested heavily in compute capacity over recent years, positioning it to meet growing industry demand.

DUG sees high activity levels in its core markets, supported by strong oil prices and increased exploration programs as companies seek more advanced imaging and data solutions. Management highlighted their focus on growing recurring revenue streams through software, HPCaaS, and the expanding Multi-Client business.

DUG Technology share price snapshot

The DUG Technology share price is now down 18% since the start of the year, compared to a 4% gain from the S&P/ASX 200 index (ASX: XJO).

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The post DUG Technology share price sinks 22% on FY26 results appeared first on The Motley Fool Australia.

More reading

• DUG Technology scores US$9.3m software and HPC contract

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Dug Technology. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.are expected to be detailed in the full annual report.

The Objective Corporation Ltd (ASX: OCL) share price is down 18% to $6.11 on Thursday after the company reported FY2026 revenue of $135 million, up 9% on the prior year, and adjusted EBITDA of $52 million, an 11% increase.

What did Objective Corporation report?

• Total revenue reached $135 million, up 9% from FY2025
• Annualised recurring revenue (ARR) was $121 million in constant currency
• Adjusted EBITDA climbed 11% to $52 million
• Net profit after tax rose 5% to $37 million
• Final dividend was 26 cents per share (8c fully franked, 18c unfranked)
• Operating cash flow was $49 million, representing 94% of adjusted EBITDA

What else do investors need to know?

Objective continued to invest heavily in innovation, with $34 million (30% of software revenue) directed to research and development during the year—part of a $146 million cumulative investment over five years. Subscription software revenue now accounts for 100% of the company’s software revenue, with SaaS revenue specifically growing 22% over FY2026.

By business line, Regulatory Solutions delivered 7% ARR growth, Information Intelligence ARR dipped 5%, and Planning & Building ARR rose 3%. The company highlighted its strong position in AI-driven solutions across government and regulated industries, with ongoing expansion in both the Australian and international markets.

What’s next for Objective Corporation?

Looking ahead to FY2027, Objective is targeting adjusted EBITDA above $40 million, which would be down a disappointing 23% year on year.

The company plans to further sharpen its go-to-market approach and cost discipline as it pursues larger, more complex opportunities in the GovTech sector. Management also signalled ongoing M&A ambitions, supported by a robust balance sheet and cash flow.

Product leadership and customer value remain a priority, with efforts focused on delivering trusted, AI-enabled solutions for public sector clients. The company believes its strengths in information governance, security and compliance will keep it well-placed for future growth.

Objective Corporation share price snapshot

Objective Corporation shares have performed very poorly in comparison to the S&P/ASX 200 index (ASX: XJO) over the past year with a decline of around 70%.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Objective. The Motley Fool Australia has positions in and has recommended Objective. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Develop Global Ltd (ASX: DVP) share price is pushing higher on Thursday after the company announced exceptional drilling results at its Woodlawn copper-zinc mine, supporting its strategy to extend the mine life by 50% to 15 years.

Recent assay results revealed multiple high-grade polymetallic intersections, including up to 15.7% CuEq, and numerous newly identified target zones.

What did Develop Global report?

• Drilling results from Project DM15 showed intersections up to 12.2m at 15.7% copper equivalent (CuEq) from the J Lens.
• Extensions to known mineralisation across several lenses, with standout assays like 14.8m at 8.4% CuEq and 10.6m at 3.3% CuEq (including 4.7m at 6% CuEq) in the N Lens.
• Discovery of gold- and silver-rich mineralised zones, with highlights of 19.7m at 2.6g/t gold and 196g/t silver (10.7% CuEq).
• Updated geological modelling identified several untested high-priority targets, including repeats of historically mined lenses.
• An additional underground drilling rig mobilised to expedite resource expansion under Project DM15.
• First exploration drilling campaign completed at the nearby Currawang Prospect, with assays pending.

What else do investors need to know?

Drilling remains underway at Woodlawn as Develop Global aims to underpin growth in both Resource and Reserve through further high-grade discoveries. The recent intersections not only extend existing mineralisation zones but also suggest the system is larger than previously defined.

The N Lens, which is set to be a key mining area over the next half-year, is showing continuity and high grades, supporting near-term production plans. Meanwhile, the maiden Currawang drilling adds new regional upside, with assay results due soon.

What did Develop Global management say?

Develop Managing Director Bill Beament said:

These exceptional results reveal additional high-grade mineralisation within the existing Resource and also extend the known mineralisation outside the Resource. The extensions to the N lens are particularly outstanding and look like the beginning of a significant extension to the known mineralisation.

The results pave the way for further growth in the Resource and Reserve, which will in turn underpin another update in the mine plan as we push towards Project DM15’s ultimate goal of a 15-year mine life at Woodlawn. The results also provide more evidence that Woodlawn is a much bigger system than previously thought, opening the door to growth in mine life and production rates.

What’s next for Develop Global?

Investors can expect ongoing exploration activity, with two underground drill rigs operating and several high-priority targets set for follow-up work. An updated resource estimate and mine plan update are on the cards as further results come through from Woodlawn and the nearby Currawang Prospect.

The company is focused on expanding both the scale and value of the Woodlawn project, underpinned by strong drilling results and a flexible development approach designed to maximise returns and extend the operation’s life.

Develop Global share price snapshot

The Develop Global share price has smashed the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a gain of over 40%.

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The post Develop Global drills deeper at Woodlawn, targeting big mine life growth appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.