Half Yearly Report and Accounts

• Meaningful progress in refining MEMS fabrication process for digital loudspeaker
• Expanded patent portfolio with 4 critical system-level patents
• Implemented cost-cutting measures to preserve resources

Audio Pixels Holdings Ltd, a world leader in the digital transformation of sound reproduction, reported meaningful progress during the half-year period ended June 2025. The company's efforts have centered on strengthening the technical foundations for scalable mass production of its ground-breaking Digital Sound Reconstruction (DSR) platform. A primary focus has been the refinement of the MEMS fabrication process, with most of the critical steps now successfully completed. Corrective measures to address a bonding issue have proven effective, providing confidence that the wafers will meet the required standards for performance, reliability, and production yield. Test and measurement results confirm that the company's independent process development has established a robust and reliable fabrication process flow. This milestone confirms that production of the company's devices is not only feasible but well within operational reach. Beyond technical progress, the company has further strengthened its position by expanding its patent portfolio with the addition of four critical system-level patents. During the reporting period, the company has also implemented cost-cutting measures, including targeted reductions in staff and consultancy expenses, to ensure that resources are preserved without disrupting near-term objectives.