2 ASX Stocks Attracting Investor Attention: DXN and CBE

DXN and CBE have delivered strong returns over the past year, attracting growing investor attention. Take a look at the key developments and growth drivers behind their recent performance.

DXN Limited (ASX: DXN)

On 31 August 2026, announced its June ending full year results, reflecting a year of increasing demand for AI infrastructure with a revenue of $10.1 million, down by 33.3% from the previous year due to customer side deferrals in the first half of FY26 which was partly covered in the second half.

The revenue’s 73% came from its Modular Division with Data Centre Operations accounting for 23% and rest from Data Centre as a Service. Its maiden AI HPC contract signed in June is yet to be reflected in revenue.

The company has a market capitalisation of approximately $150.07 million and strengthened its position during the year with a $7 million funding, supporting in ending FY26 with a cash balance of $11 million.

DXN has entered 2027 with strongest ever backlog of $23.5 million by the end of June, which has reached $40.9 million by 30 August, highlighting stronger than anticipated demand for AI infrastructure fueling company’s growth. It anticipates to complete around 45% of this backlog by 1H27, indicating a year of outstanding performance to be delivered.

Looking ahead, the company’s primary focus revolves around successful delivery and commissioning of its AI HPC pilot with continued expansion of its Malaysian manufacturing and an expected East-coast Domestic facility expected to be online in Q2 FY27, positioning the company for top-line growth in the medium term.

Cobre Limited (ASX: CBE)

On 9 September 2026, announced that its wholly owned subsidiary, Sierra Atacama SpA, has executed ore purchase agreements with its two third-party copper oxide miners in the Antofagasta region. It is expected to add around 300t of copper cathode per month from Q4, adding to the previously announced production targets.

The company’s wholly owned Chilean subsidiary, Sierra Cobre SpA has increased its position to majority ownership in the Sierra Atacama Copper Project, increasing capacity for growing copper demand globally with a constrained supply.

The company has a market capitalisation of around $479.23 million and has shown massive share price growth in past one year, driven majorly by its continued and disciplined operations alongside growing copper demand.

Cobre’s Botswana region’s Kalhari Copper Belt also remained strong during the quarter while providing exposure to Nagami Copper Project (NCP), for which Cobre signed a collaboration agreement with Equinor to evaluate lixiviant performance and ISCR parameters supporting development of a dynamic flow model for the NCP mineralisation.

Looking ahead, the company is set to end September quarter with additional progress including the assessing third party ore to supplement mill feed in Sierra Atacama and progressing the NCP ISCR demonstration plant in Botswana, positioning the company for further upside potential.

(Source: Company Announcements)