AML3D delivers $12.5m revenue and swings to H2 EBITDA profit in FY26
In its FY2026 Full Year Results presentation delivered in August 2026, AML3D Limited (ASX:AL3) reported full-year revenue of $12.5m, a second-half year EBITDA profit of $608k, and $16.8m of orders in hand carried into FY27.
The company is an industrial, digital manufacturer combining welding, metallurgical science, robotics and software through its ARCEMY® metal 3D printing solution. Management detailed a balance sheet holding $26.7m cash at bank as at 30 June 2026, earmarked to fund capacity expansion across the US and Europe.
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FY2026 results: revenue delivery and a profitability inflection
The FY2026 scorecard showed revenue delivered against an order book that peaked at $29m, alongside a marked improvement in profitability metrics.
| Metric | FY26 Result | Change vs PCP | Note |
|---|---|---|---|
| Revenue | $12.5m | — | Order book peaked at $29m |
| Gross Profit | $7.8m | +54% | 63% gross margin |
| EBITDA | ($4.2m) | 35% improvement | H2 EBITDA profit of $608k |
| NPAT | ($4.5m) | 38% improvement | — |
| Orders in hand | $16.8m | +87% vs FY25 rollover | Carried into FY27 |
| Cash at bank | $26.7m | — | Funds capacity expansion |
Key balance sheet and order book takeaways from the presentation included:
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$26.7m cash at bank (30 June 2026) supporting fully funded expansion in the US and Europe.
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Gross profit up 54% on the prior corresponding period, with strong margins at 63%.
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Orders in hand rising 87% on FY25 rollover orders, carried into FY27.
What is ARCEMY® and why it matters
ARCEMY® is built on Wire-Arc Additive Manufacturing (WAM®) technology, which deposits molten metal layer by layer to build large, certified industrial components. The process operates in an open-air, free-form environment and can qualify multiple metals and alloys.
The build envelope scales up to 1.8m x 1.8m, allowing production of industrial-scale parts on demand, at or close to the point of need. For investors, the performance edge is where the technology differentiates itself from traditional casting and forging.
According to company specifications, ARCEMY® offers the following advantages:
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Parts produced up to 75% faster than traditional casting and forging.
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Components reported to be 30% stronger.
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Up to 50% more resistant to metal fatigue.
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Up to a 95% reduction in material waste, lowering Scope 3 emissions.
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On-demand production that reduces the need for costly inventories.
Three revenue streams building recurring income
The revenue model
Management outlined a business model built on three complementary revenue streams that reinforce one another. Component manufacturing proves the technology, which drives system sales, which in turn expands the installed base and grows recurring revenue.
The recurring stream carries the highest margin and scales with each newly deployed system, providing a growing base of licensing, maintenance and support income.
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Capital Sales — turnkey ARCEMY® systems; capacity of ~20 systems (~$40m) per annum; 50–60% gross margin.
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Contract Manufacturing — AML3D-owned systems manufacturing customer parts; 8 systems (~$16m capacity); 50–60% gross margin.
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Recurring Revenue — licensing, maintenance and support; 80% gross margin.
Installed base momentum
The presentation detailed 16 customer systems installed (12 in the US and 4 in Australia), with a further +4 systems under contract or in delivery. Each deployed system expands the software and support opportunity, building the recurring revenue base over time.
US demand anchors near-term growth
The presentation framed the US as the primary growth engine. Management pointed to the US Navy Letter of Intent, which confirms demand estimates for up to 100 ARCEMY® systems and 1,600 AM parts by 2030.
US defence orders were noted as scaling in value and volume, with a $9.9m, 4-system HII order and a $2.6m SIB parts order placed in 4Q2026. Management explained that US advocacy triples the Defense opportunity by allowing access to the US Navy Maritime Industrial Base of submarines, surface fleet and munitions, while ITAR compliance creates additional opportunities to access restricted, high-value contracts.
The $2.6m SIB order covers submarine replacement parts that are no longer available from original manufacturers, positioning ARCEMY as a structural solution to US Navy supply chain gaps rather than a discretionary procurement option.
Non-defence expansion was also outlined, with ARCEMY® orders secured from the largest US public utility and from FasTech, a US industrial manufacturer. These US Navy demand estimates underpin the company’s plans to double US capacity to meet surging demand.
European entry and Australian technology leadership
Europe
Management identified an initial materials testing contract with BAE Systems in the UK as the entry point to the European Defense market, noting that European demand and pipeline mirror trends that underpinned the earlier US entry. Non-exclusive distribution partnerships have been established in the UK and Europe.
The company detailed fully funded plans for a European Technology Center, with advanced negotiations underway for the first European ARCEMY® system order, which would act as the trigger for construction.
Australia
Austrade classifies AML3D among the largest exporters under AUKUS, the trilateral Australia, UK and US defence pact. Australian operations drive the R&D and technology leadership that underpins global adoption, supported by market-leading accreditations including:
The AUKUS advisory appointment of retired Rear Admiral David Goggins, a former AUKUS Special Assistant with 34 years of submarine experience, strengthens AML3D’s access to the US defence procurement network at the programme-level relationships that convert pipeline into contracted revenue.
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DNV Approved Maritime Manufacturer
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Lloyd’s Register Certified AM Facility
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AS9100 D and ISO 9001
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AUKUS Community member
Outlook: FY27 positioned for record revenue
Management’s stated outlook positioned FY27 for continued growth, supported by strong US demand near-term and emerging European demand over the medium term. Key forward points from the presentation included:
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$16.8m of orders in hand rolling over from FY26.
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Total sales pipeline expansion of $78m.
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Multiple additional ARCEMY® system and component orders expected from US expansion.
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Entry into the European Defence market supporting mid-term growth.
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FY27 expected to deliver another year of record revenue growth, built on an exceptionally strong order book.
With a funded balance sheet, a record order book and a manufacturing footprint aligned to AUKUS defence requirements, the company positioned FY27 as the next stage in its stated expansion across US, European and Australian markets.
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