Audinate Group (AD8) AGM 2025 Presentation summary

FY25 performance and transition

• Manufacturing customers worked through excess inventory, delaying new orders but setting up for renewed growth in FY26.

• Second-half FY25 saw a 12% increase in US dollar gross profit compared to the first half, signaling recovery.

• Embedded software revenue rose 15%, indicating underlying demand beyond inventory effects.

• 129 design wins (up 12%) and 427 new AV products launched, expanding market presence.

• 48,472 professionals trained and certified in FY25, reinforcing industry engagement.

Strategic initiatives and product innovation

• Launched Dante Director (cloud-based management), Device Link (centralized control), and modernized Dante Controller UI.

• Introduced Dante AVIO for Installation and Virtual Soundcard Pro, broadening software adoption.

• Acquired Iris Studio Inc. to strengthen AI-driven video capabilities and advance unified AV-over-IP control.

• Iris platform to launch publicly in 1H FY26, with investment in go-to-market and product development.

• Ongoing investment in innovation and platform expansion to maintain market leadership.

Financial position and outlook

• Ended FY25 with A$109.9 million in cash; pro forma A$72.8 million post-Iris acquisition.

• Strong balance sheet enables continued investment without compromising stability.

• FY26 gross profit expected to grow 13–15% over FY25, outpacing industry growth.

• Operating costs in FY26 projected to rise 25% due to strategic investments, with negative free cash flow anticipated.

• Investments in Iris, Dante Director, and platform expected to drive future revenue and reinforce leadership.