AML3D Posts Record Revenue and First Profitable Half-Year on Sustained Order Book Growth

AML3D Limited (ASX: AL3) has reported record revenue of $12.5 million for the 2026 financial year, up 70% year on year as demand for its advanced manufacturing technology increased.

The business recorded its first profitable half-year, with second-half EBITDA of $608,000 between January and June.

AML3D enters FY27 with an estimated global sales pipeline of $78m as it continues expanding beyond its established defence customer base.

Gross profit rose 54% to $7.8m in FY26 with a 63% gross margin, reflecting increased delivery against an order book that peaked at $29m during the year.

Full-year EBITDA remained negative at $4.2m but improved 35% on the prior year, while the net loss after tax narrowed 38% to $4.5m.

Improved Profitability as Scale Builds

The peak order book comprised $20m of new contracts secured during FY26 and $9m of work carried forward from the previous financial year.

AML3D finished FY26 with $16.8m of contracted work rolling into FY27, compared with a $9m rollover into the previous financial year.

“The 2026 financial year saw rapid growth in ARCEMY system installations and component manufacturing in the USA—it is encouraging to see our strategy of moving beyond the US Defence market begin to gain traction,” managing director Sean Ebert said.

“Our strong balance sheet means we have the capacity to complete our planned $17m investment to double US manufacturing capacity and establish a European Technology Centre to support growth.”

“We are focused on continuing AML3D’s multi-year track record of record delivery and building shareholder value over time.”

Defence Demand Driving Expansion

Growth was led by continued demand for ARCEMY metal additive manufacturing systems within the US Navy’s Maritime Industrial Base, where AML3D has signed contracts to deploy 14 systems into the supply chain since 2023.

The company also secured a $2.6m contract to manufacture high-demand, non-safety-critical replacement components used in US Navy submarines, extending its exposure beyond system sales.

Diversification progressed through ARCEMY deployments to the Tennessee Valley Authority power generation repair fleet and industrial manufacturer FasTech, providing entry into US utility and broader industrial manufacturing applications.

In the UK, AML3D advanced a material feasibility program with BAE Systems and agreed distribution arrangements covering the UK and Europe, adding to defence relationships spanning Australia, the UK and the US.

Capacity to Support FY27 Growth

AML3D plans to invest $12m to double US manufacturing capacity during FY27 and a further $5m in a UK Technology Centre intended to support demand across the UK and Europe.

Cash at bank of $26.7m at 30 June provides funding for planned capacity expansion in the US and UK, while Australian operations continue supporting technology development.

Its Australian operations are completing a $2.24m next-generation advanced manufacturing technology program and have established manufacturing capacity intended to support future trilateral defence demand.

Across Australia and the US, management estimates current combined capacity at around 20 ARCEMY system builds each year, with eight company-owned systems providing additional parts manufacturing and qualification capability.

AML3D expects the expanded manufacturing footprint, existing contracted work, and continued conversion of its global sales pipeline to support further financial and operational growth across FY27.