• Total revenue down 2% to $64.9m, with technology revenue up 19% to $41.1m
• Underlying EBITDA up 11% to $4.6m, with 69% gross margin
• Expanded global footprint, entering 17 new European countries

Ai-Media Technologies Ltd has reported its FY25 annual results, with total revenue declining 2% to $64.9m compared to the prior year. However, the company's strategic transition to a technology-driven SaaS business model continued to gain traction, with technology revenue (including hardware and SaaS) growing 19% to $41.1m and now representing over 60% of total revenue. The company's underlying EBITDA increased 11% to $4.6m, with gross margins improving to 69%. This performance was driven by growing demand for Ai-Media's flagship LEXI solutions and encoder hardware, underpinned by increasing customer adoption, product innovation, and geographic expansion, particularly in Europe where the company entered 17 new countries. Ai-Media exited FY25 with a strong cash balance of $14.7m, positioning the company well to execute its strategic growth initiatives, including the continued scaling of its SaaS offerings globally, the commercial launch of the new LEXI Voice solution, and the development of the LEXI AI platform to redefine real-time captioning, translation, and audio accessibility. The company remains committed to achieving its aspirational FY29 targets of $150m in revenue and $60m in EBITDA, with over 80% of total revenue generated from technology.

Ai-Media remains steadfast in achieving its aspirational FY29 targets of $150m in revenue and $60m in EBITDA, with over 80% of total revenue generated from technology. The company's strategic priorities include completing the transition from Services to a Tech-driven SaaS model, scaling Tech sales by 35% annually at gross margins of 80%+, growing LEXI volumes and revenue by over 40% per annum, replicating the US Broadcast success across Europe and APAC, and broadening the product suite beyond Broadcast into Enterprise and Government sectors worldwide.