• Audeara received $1.219m R&D Tax Incentive for FY25
• Incentive helped offset development costs and accelerate progress
• Funds used to repay R&D loan facility and retain additional $224k

Audeara Limited (ASX: AUA) is pleased to confirm receipt of $1,219,107 for its Research & Development Tax Incentive for the 2025 financial year (FY25). The refund relates to Audeara's eligible expenditure with the continuing development of its state-of-the-art headphones and innovative personal sound amplification solutions. The Australian Federal Government's R&D Tax Incentive is an important program that encourages companies to engage in research and development benefitting Australia by providing a tax offset. Based on Audeara's turnover, the tax offset was 43.5% of the expenditure on eligible activities. Following receipt of the funding, the Company has deployed $994,701 to repay its R&D loan facility, which allowed the Company to increase R&D spend across its existing innovative technology solutions and new product development for global markets throughout FY25. The Company has retained an additional $224,406 in new non-dilutive funding. Audeara Managing Director and CEO, Dr James Fielding, said the refund provides a valuable boost to the company's balance sheet and directly supports the momentum it is building across global markets, while also reducing development costs, eliminating debt, and ensuring it can continue delivering high-impact products while preserving shareholder value.