2026 Half Year Results Market Release

• Revenue of US$21.1 million, up 12% from 1H FY25
• Gross margin of 82.6%, up 0.4 percentage points
• Successful launch of Iris, a new camera control subscription offering

Audinate Group Limited (ASX:AD8) has 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. Revenue was US$21.1 million, up 12% from US$18.9 million in 1H FY25, with gross profit of US$17.4 million and a gross margin of 82.6%, compared to 82.2% in the prior period. This reflects a product mix shift toward higher-margin software solutions. Audinate continued to lead the global AV-over-IP transition, reinforcing Dante as the industry standard, and secured 66 design wins (1H25: 61), demonstrating resilient OEM demand and ongoing technology pull. The company currently has 516 OEMs with Dante products in the market, with an additional 207 OEMs developing new Dante-enabled products, broadening the Dante ecosystem across audio, video and AV control. A key milestone in 1H FY26 was the successful launch of Iris, Audinate's new camera control subscription offering, which extends the Dante ecosystem into intelligent camera control and cloud-enabled video production workflows. Audinate has also 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.

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 consistent with FY25, supported by a revenue mix weighted toward higher-margin software solutions. Operating costs for FY26 are now expected to increase by 20% over FY25, down from the previously indicated 25% increase.