• Revenue of US$21.1 million, up 12% from 1H25
• Gross profit margin of 82.6%, up from 82.2% in 1H25
• Successful launch of Iris, Audinate's new camera control subscription offering

Audinate Group Limited (ASX:AD8) today announced its financial results for the half year ended 31 December 2025 (1H FY26), marked by a return to revenue growth while maintaining gross profit margins. A key milestone in 1H FY26 was the successful launch of Iris, Audinate's new camera control subscription offering, extending the Dante ecosystem into intelligent camera control and cloud-enabled video production workflows. During the period, Audinate implemented organizational changes to better align its cost base with strategic Dante platform objectives, which are expected to deliver approximately $5 million in annualized cost benefits. Revenue for the half was US$21.1 million, up 12% from US$18.9 million in 1H FY25, while gross profit was US$17.4 million, also up 12% from US$15.5 million. Gross margin remained strong at 82.6%, compared to 82.2% in the prior corresponding period. Audinate continued to lead the global AV-over-IP transition, securing 66 design wins and expanding the Dante ecosystem to 516 OEMs with Dante products in the market and an additional 207 OEMs developing new Dante-enabled products. The company also provided an outlook for the full 2026 fiscal year, expecting US-dollar gross profit growth of 13-15% over FY25, with gross margin percentage remaining broadly consistent and operating cost growth of 20% over FY25.

Audinate's FY26 full-year outlook is for US-dollar gross profit growth of 13-15% over FY25, with gross margin percentage expected to remain broadly consistent with FY25. Operating costs for FY26 are now expected to increase by 20% over FY25.

Audinate continues to invest in core capabilities and product innovation, including Iris, Dante Director and the broader Dante platform, to ensure it is well positioned to capture future growth. The company sees significant potential for AI technologies to be applied across the AV industry's design, installation and operation phases, with Dante providing a key networking and control foundation to enable broader AI adoption.