• Record annual revenues of $3.8m, a 19% increase over FY24
• Positive impact of AUA Technology division underpinned growth
• Rigorous focus on achieving cost efficiencies through optimised operations

It is with great pleasure that we present Audeara Limited's Annual Report for the 12 month period ended 30 June 2025 (FY25). The past year has been transformative for the Group, underpinned by continued success in integrating the advanced AUA Technology division with the established strength of Audeara's leading hardware offerings and the Company's burgeoning international sales footprint. The sustained expansion of AUA Technology partnerships strategically position the Group for significant acceleration in growth and profitability across global markets. FY25 saw Audeara achieve record annual revenues of $3.8m, a 19% increase over FY24. This was underpinned by the positive impact of the AUA Technology division, which has the potential to deliver consistent growth in the near and medium term. Beyond top-line expansion, the Group's management team maintained a rigorous focus on achieving cost efficiencies through optimised operations and ongoing management of the Group's overall cost base. With the successful transition of the AUA Technology division from its development phase to generating substantial revenues in FY25, Audeara anticipates high-margin sales will contribute increasingly to its revenue profile in the coming years, from our established lower cost base.

Our outlook remains optimistic, fortified by a number of foundations laid during FY25. We continue to identify new opportunities and forge strategic partnerships that will fuel future growth. We anticipate an increase in sales of hardware products in the upcoming financial years, and foresee our software and technology licensing programs making an even greater contribution to revenue.