Slide 1: Audinate 1H FY26 Investor Presentation
Audinate 1H FY26 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 1H26 Investor Presentation 16 February 2026 1
Slide 2: Audinate 1H26 Highlights
Audinate 1H26 Highlights Aidan Williams, CEO Audinate 1H26 Investor Presentation 16 February 2026 2
Slide 3: Return to Revenue Growth in 1H FY26; Extends market leading position
Return to Revenue Growth in 1H FY26; Extends market leading position 1H FY26 Return to Growth Continued growth in Commercial launch of Iris Dante platform video production platform 12% growth v PCP 1H25 66 Design wins, an increase of 8% compared to Iris is a cloud-first video platform launched PCP 1
Slide 4: Executing against the Strategy
Executing against the Strategy Organisational changes Robust balance sheet Dante’s strategic evolution Audinate implemented a number of A$70.9 million in cash and term deposit at Strengthened internal capability through organisational changes to better align our cost period end post-Iris acquisition
Slide 5: 1H26 Highlights – Key financial metrics
1H26 Highlights – Key financial metrics 1H26 - 12% revenue growth versus 1H25 Variance US$m Gross Profit and Gross Margin% Key US$ Metrics 1H25 1H26 vs 1H25 24 $22.7 139.0% 137.0% US$ M US$ M $21.8 135.0% 22 133.0% 131.0% 129.0% 20 127.0% 125.0% US$ Revenue 18.9 21.1 12% $18.9 123.0% 121.0% $17.4 $1
Slide 6: Product Portfolio Performance
Product Portfolio Performance Growth achieved across all product categories Variance Adaptors revenue increased 51%, supported by the launch of ‘Dante AVIOs for Revenue by Product US$M 1H25 1H26 vs 1H25 Installation’ — a next-gen, Pro S1-based adaptor targeting the professional installer market CCM
Slide 7: OEM Design Wins through Product Launch
OEM Design Wins through Product Launch Design Wins OEM Brands shipping & developing Dante-enabled Products Dante-enabled Products Ecosystem Developing product Shipping product 723 684 649 621 583 4,947 520 538 4,603 516 490 476 4,372 460 78 430 4,176 68 391 400 64 66 4,008 61 61 53 3,853 3,688 173 1
Slide 8: Audinate 1H26 Financial Performance
Audinate 1H26 Financial Performance Chris Rollinson, CFO Audinate FY25 Investor Presentation 16 February 2026 9
Slide 9: Income Statement
Income Statement Revenue increased 12% to U$21.1 million, translated to A$ revenue increasing (A#039;000) 1H25 1H26 Change (%) 12% to A$32.2 million Revenue 28,722 32,201 12% Employee expenses The increase in underlying employment expenses primarily Gross profit 23,685 26,560 12% reflects the acquisiti
Slide 10: Balance Sheet
Balance Sheet (A$’000s) 30-Jun-25 31 -Dec-25 Cash & Term deposits of $70.9 million at half year end, compared to Cash 62,099 12,927 $109.9 million at 30 June 2025. Reduction of $39.0 million driven by Term deposits 47,800 57,952 acquisition payment for Iris in July 2025. Trade and other receivables
Slide 11: Cash-flow Statement
Cash-flow Statement (A#039;000) 1H25 1H26 Receipts from Customers * 33,911 32,630 1H26 Operating Cashflow to EBITDA Bridge Payments to suppliers and employees * (34,787) (34,276) Reported EBITDA ($5.5m) Interest received 2,383 1,538 Reverse non-cash Share-based payments $2.4m Interest paid (110) (80) R
Slide 12: Audinate 1H26 Strategy & Outlook
Audinate 1H26 Strategy & Outlook Aidan Williams, CEO Audinate FY25 Investor Presentation 16 February 2026 13
Slide 13: World-leading technology supplier to Pro-AV
World-leading technology supplier to Pro-AV Audinate is the company behind the Dante media networking solution used in the professional AV industry 14x Dante is in millions of devices and Market adoption of Dante-enabled can be found in a diverse range of Universities products closest competitor ins
Slide 14: Iris Studio Inc.
Iris Studio Inc. US-based SaaS Platform for Remote Video Production and AV Control 1 2 3 4 STRATEGIC ROLE PRODUCT PROGRESS COMMERCIAL TRACTION FY26 FOCUS Extending Audinate into cloud- From early platform to Early customers validating Disciplined execution and scalable based video workflows producti
Slide 15: FY26 Priorities: Return to Growth
FY26 Priorities: Return to Growth 1 2 3 4 Ecosystem Integrated Iris Market Dante Director Expansion: Solutions: Launch: Evolution: Accelerate growth in Deliver seamless Support the successful Advance Dante Director Dante-enabled experiences for key market entry of Iris functionality and devices to s
Slide 16: FY26 Outlook: Executing Growth Strategy
FY26 Outlook: Executing Growth Strategy Long-term strategic thesis for Audinate remains strong • Gross Profit 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 • Stable Gross Margins: Gross marg
Slide 17: Audinate is positioned at the forefront of the global AV industry's shift
“ 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. Aidan Williams, Co-founder and CEO. ”
Slide 18: Audinate Pty Ltd contact details
Audinate Pty Ltd Level 7, 64 Kippax Street +61 2 8090 1000 ABN 41 120 828 006 Surry Hills NSW 2010 www.audinate.com
Slide 19: Important Notice and Disclaimer
Important Notice and Disclaimer Disclaimer Past performance Market share information To the maximum extent permitted by law, none Past performance information, including past All market share information in this of the Audinate Group Limited or its share price information, given in this presentation
Slide 20: 1H26 Highlights – Return to revenue growth
1H26 Highlights – Return to revenue growth Both CCM & Software growing in 1H26 compared to 1H25 Variance Revenue Mix by Product – 1H25 v 1H26 US$ M Revenue by Product 1H25 1H26 vs 1H25 CCM 10.1 11.3 12% 44% 45% Software 8.3 9.5 14% Other 0.4 0.3 (39%) 54% 54% US$ Revenue 18.9 21.1 12% 1H25 1H26 CCM
Slide 21: R&D Costs
R&D Costs Development Costs Driver of future revenue growth • Capitalised development costs deliver new (A#039;000) 1H25 1H26 Change (%) products and enhancements to existing products to drive sustained revenue growth. Development Costs (capitalised) 5,763 6,395 11% • Development costs are built up for
Slide 22: Evolving Product Mix
Evolving Product Mix Transition from CCM-based revenue to higher-margin software offerings Revenue (US#039;M) Dante Units Shipped ('000s) 744 $30.4 683 $29.6 646 $26.2 230 549 546 $7.3 $8.0 $21.2 $21.1 484 $20.6 321 $6.9 $18.9 418 290 $4.7 306 $8.8 $9.5 341 $8.3 180 301 $22.7 $21.1 514 $19.0 $15.6 357
Slide 23: Product Portfolio Performance
Product Portfolio Performance The change in product classification better reflects the revenue drivers of the business Category Description Audinate Products Sales Channel Revenue Model Hardware product converting existing analogue AVIO, Dante AVIOs for Distribution Adaptors Unit Price device into a
Slide 24: OEM Design Wins Drive Future Revenue Growth
OEM Design Wins Drive Future Revenue Growth Buy OEM Release Pre-sales DESIGN Product Prototype New WIN Design Dante Product Units OEM sells OEM Dante- Manufactures enabled more AV AV products Design wins Customer From design win to products are a key step commits to use product release in the OEM Da