Audinate : 18 August 2025 - Audinate Group (ASX-AD8) FY25 Full Year Investor Presentation

Audinate

FY25

Investor Presentation

Aidan Williams, Co-Founder and Chief Executive Officer Nick Peace, Chief Strategy Officer

Chris Rollinson, Chief Financial Officer

Approved by the Board of Audinate Group Limited

Audinate FY25 Investor Presentation

18 August 2025 1

"

In a year of transition, we shipped 1M Dante devices, established our first cloud-based management platform and completed the strategic acquisition of Iris.

An AV platform must provide for audio, video & control. With more than 8M AV devices available in our product ecosystem, the time has come to invest in the third leg of the stool - control.

"

We have an exciting combination of talent, products and commercial opportunity that will advance our long-term vision to provide the dominant interoperable audio, video & control platform for the AV industry.

Aidan Williams, Co-founder and CEO.

Audinate FY25 Highlights

Aidan Williams, CEO

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2H Revenue Momentum Positions Audinate for FY26 Growth

FY25

a year of transition

In FY25, manufacturing customers worked through accumulated inventory balances, which delayed new orders for Dante hardware chips, cards, and modules.

Inventory rebalancing is now largely complete, positioning Audinate for a return to growth.

Signs of recovery were evident in the second-half, with US$ gross profit increasing 12% compared to the first half.

Growth in Dante Platform Scale and Adoption

Embedded Software revenue up 15% - a key indicator of underlying growth, looking through the effect over overstocking by manufacturers

129 Design wins, an increase of 12% -strengthening the foundation for future revenue expansion

4,603 AV products in market, with OEMs launching 427 new products during the year, driving further adoption

316,990 trained and Dante-certified AV professionals globally.

48,472 newly trained and certified during FY25. Reinforces industry engagement

Strategic Growth Driven by Three Key Pillars

Audio, Video, and Platform Software form the foundation of our long-term strategy

Dante is the industry standard in digital audio networking, with 14x the adoption of its nearest competitor (up from 12x in FY24)

Video and Platform Software are in the early stages of development, presenting significant growth potential

The shift from analogue to digital networking is still in its early days, offering a significant market opportunity ahead

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Executing against the Strategy; Extends market leading position

Innovation and Platform Expansion: New Product Launches in FY25

Dante Director Cloud-based audio device management platform Dante Device Link - enables centralised control of installed devices, expanding cloud management capabilities Dante Controller - major user interface modernised, enhancing usability and efficiency 'Dante AVIOs for Installation' new range delivers higher performance & expanded connectivity for the Pro AV market Dante Virtual Soundcard Pro (DVS Pro) broadens adoption of software-based Dante in recording, broadcast and conferencing workflows

Iris Acquisition: Leading cloud-based remote video production platform

Audinate acquired Iris Studio Inc. in July 2025, strengthening our AI-driven video capabilities and advancing our vision for unified AV-over-IP control

Iris is a cloud-first platform launching publicly in 1H FY26

In FY26, we will invest in go-to-market and product development to drive adoption and scale

Strong Balance Sheet Enabling Growth

A$109.9 million in cash at period end, with pro forma balance of A$72.8 million post-Iris acquisition, providing strong financial capacity and strategic flexibility

Ongoing investment to support product development and future growth

Robust balance sheet enables continued investment without compromising financial stability

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