**Summary**
Seeing Machines Limited, an advanced computer vision technology company, reported its unaudited half-year results for FY2026 (H1 FY2026, ending December 31, 2025). The company highlighted strong underlying performance, with automotive royalties growing 33% and production volumes increasing 62%. Guardian, its aftermarket product, saw recurring revenue growth and improved margins. Key financial highlights include adjusted revenue of US$23.4 million (down from US$25.3 million in H1 FY2025 due to reduced non-recurring engineering and license revenue), annualized recurring revenues (ARR) of US$14.0 million, and aftermarket revenue growth of 18% to US$12.7 million. Automotive royalties rose to US$8.4 million, driven by increased production volumes. Gross profit margin improved to 58%, and adjusted EBITDA loss narrowed to US$13.7 million. Cash at the end of the period was US$3.4 million, with a post-period US$14.1 million royalty payment received. Operationally, the company scaled to over 4.8 million cars on the road, secured new program wins in Europe and Japan, and expanded its technology leadership with innovations like 3D Cabin Perception Mapping. The company expects further growth in royalties and production volumes, driven by regulatory adoption, particularly the European General Safety Regulation (GSR), and remains on track for positive adjusted EBITDA in H2 FY2026.