• Revenue down 32.3% to $62.069 million
• EBITDA down 99.9% to $26,000
• Loss after tax of $6.378 million
• Strong cash position of $109.9 million
• Acquisition of Iris Studio Inc. to strengthen video platform

Audinate Group Limited's financial performance in FY25 was impacted by a temporary inventory overhang among OEM customers and softening AV industry growth rates, leading to a 32.3% decline in revenue to $62.069 million. However, the company delivered a significant improvement in gross margin, increasing to 82.3% from 74.3% in the prior year, reflecting a favorable shift in product mix towards software-based solutions. Operating expenses increased by 6% to $50.453 million as the company continued to invest in core capabilities and product innovation. Underlying EBITDA was $0.651 million, down from $20.260 million in the previous year. The company reported a net loss after tax of $6.378 million, compared to a net profit of $10.236 million in FY24. Audinate maintained a robust cash position of $109.9 million as of 30 June 2025, which was subsequently reduced to approximately $72.8 million after the acquisition of Iris Studio Inc., a US-based provider of AI-powered, cloud-based camera control solutions. The acquisition is expected to strengthen Audinate's video platform capabilities and accelerate the company's vision for interoperable control and management of audio-visual devices.