• 12% revenue growth vs 1H25, return to growth
• Maintained strong gross profit margin of 82.6%
• Continued growth in Dante platform, 66 design wins

Audinate Group Ltd reported a 12% increase in revenue for 1H26 compared to the prior corresponding period, driven by strong growth in its Adaptor and Software products. The company maintained a robust gross profit margin of 82.6%, supported by a favorable product mix between hardware and high margin software products. Audinate continued to see growth in its Dante platform, with 66 design wins during the half, an increase of 8% compared to the prior period. The company's product ecosystem now includes 4,947 Dante-enabled products, with 207 OEM brands currently developing new Dante-enabled products. Audinate implemented a number of organizational changes to better align its cost base with its strategic Dante platform objectives, reflecting the natural progression of the company's investment cycle. The company's balance sheet remains strong, with A$70.9 million in cash and term deposits at the end of the period, providing financial capacity and strategic flexibility to continue investing in product development and future growth.

Audinate's FY26 full-year outlook is for US-dollar gross profit growth of 13-15% over FY25, underpinned by strong forward orders secured in 1H FY26. Gross margin percentage is expected to remain broadly in line with FY25, supported by a shift toward high-margin software revenue.

Audinate is positioned at the forefront of the global AV industry's shift from proprietary hardware to IP-based, software-driven solutions, and is well placed to drive the next phase of industry transformation. The company plans to continue investing in strategic initiatives including the Iris video platform, Dante Director, and the broader Dante platform to enable meaningful revenue contribution in future years and reinforce its leadership position in AV-over-IP.