Highlights

  • Audinate reported underlying EBITDA of AUD 0.65 million in FY25, down from AUD 20.26 million in FY24.
  • Cash holdings increased to AUD 62.09 million as at June 30, 2025, up 29.8% year-on-year.
  • The company recorded a net loss of AUD 6.38 million in FY25, compared with a net profit in the prior year.

Audinate Group Limited (ASX:AD8), a global provider of professional audio-video (AV) networking technologies, best known for its Dante® media networking solution, reported changes across revenue, earnings, and balance sheet metrics amid evolving conditions in the global AV industry.

Revenue and Earnings Overview

During financial year 2025 (FY25), the company experienced a year-on-year decline in revenue, with performance impacted by OEM inventory rebalancing, softer AV industry growth, and reduced demand for hardware modules. These factors contributed to a significant reduction in underlying EBITDA, which fell to AUD 0.65 million in FY25 from AUD 20.26 million in FY24, representing a decrease of 96.8%.

The company reported a net loss of AUD 6.38 million for FY25, compared with a net profit of AUD 10.24 million in the previous financial year.

Cash Position and Financial Metrics

Despite the decline in earnings, Audinate’s cash balance increased during FY25. Cash holdings rose to AUD 62.09 million as of June 30, 2025, compared with AUD 47.84 million a year earlier, representing a year-on-year increase of 29.8%.

Business and Shareholding Updates

In December 2025, Audinate announced changes to its substantial shareholding structure. Pinnacle Investment Management Group ceased to be a substantial holder in the company as of 27 November 2025, following acquisitions and disposals of ordinary shares by its affiliated entities during the month. Hyperion Asset Management Limited also ceased to be a substantial holder on the same date, according to a company update issued on 01 December 2025.

Outlook and Forward Focus

Looking ahead to FY26, the company expects US dollar gross profit to increase by 13% to 15% year-on-year. Gross margins are expected to remain broadly in line with FY25 levels, supported by a higher contribution from software-weighted revenue. Continued spending on Dante Director, Iris, and platform expansion is anticipated, with profitability deferred to support longer-term product and service development.

Share Performance of AD8

AD8 shares closed 0.48% lower at AUD 4.13 per share on 29 December 2025. In a year, AD8’s share price has declined by almost 44.41% and in six months, it has recorded fall of 44.79%. Over a month, the share price has decreased by 5.71%.

52-week high of AD8 is AUD 10.44, recorded on 19 February 2025, and 52-week low is AUD 3.74, recorded on 21 November 2025.

Support and Resistance Summary

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency, is 29 December 2025. The reference data in this report has been partly sourced from EODHD/Others.

 

Technical Indicators Defined:

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.