FY26 caps record year with $12.5 million revenue and maiden second-half profit
AML3D Limited (ASX:AL3) reported record revenue of $12.5 million for the financial year ended 30 June 2026, up 70% on the prior corresponding period, alongside its first profitable half-year.
For the second half of FY26 (1 January to 30 June 2026), the company recorded EBITDA of $608,000, marking its first half-year EBITDA profit. The result was driven by continued execution of the company’s “US Scale Up” strategy and diversification into the UK Defence market and new high-value US industrial sectors.
AML3D enters FY27 with a strengthened balance sheet and expanding forward visibility across its Australian, US and UK operations.
Headline figures from the full-year result include:
- Revenue (including lease income): $12.5m, up 70% year-on-year
- H2 FY26 EBITDA: $608,000 (first profitable half-year)
- Order book intra-year peak: $29m
- Contracted work rolling into FY27: $16.8m (versus $9m prior year)
- Cash at bank: $26.7m
- Estimated global sales pipeline: $78m at 30 June 2026
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FY26 financial results and record revenue
Revenue climbed 70% on the prior corresponding period to a record $12.5 million, reflecting surging demand for the company’s proprietary ARCEMY® metal 3D printing technology within the US Defence sector.
The company recorded its first half-year EBITDA profit of $608,000 for the period from 1 January to 30 June 2026. This marks the first profitable half-year for AML3D and does not indicate full-year profitability, with only the second half of FY26 achieving an EBITDA profit.
The order book peaked at a record intra-year high of $29 million, comprising $20 million of new orders and $9 million of orders carried forward from the prior year. Momentum into the new financial year is evidenced by $16.8 million of contracted work rolling into FY27, compared with a $9 million rollover in the prior financial year.
| Metric | FY26 | Detail / Comparison |
|---|---|---|
| Revenue (incl. lease income) | $12.5m | +70% YoY (record) |
| H2 FY26 EBITDA | $608,000 | First profitable half-year |
| Order book peak | $29m | $20m new + $9m carried forward |
| FY27 rollover | $16.8m | vs $9m prior year |
| Cash at bank | $26.7m | At 30 June 2026 |
| Sales pipeline | $78m | Estimated global, at year-end |
What ARCEMY and Wire Additive Manufacturing mean for investors
The company’s technology is built on its patented Wire Additive Manufacturing (WAM®) process. WAM® combines welding science, robotics automation, materials engineering and proprietary software to produce metal parts through additive manufacturing.
AML3D is the original equipment manufacturer (OEM) of the ARCEMY® industrial metal 3D printing systems. ARCEMY® uses WAM® to deliver on-demand, point-of-need manufacturing, offering an alternative to traditional casting, forging and billet machining processes.
For investors, the model spans multiple revenue streams. Beyond selling systems, AML3D also provides software licensing, consumable sales, technical support, design engineering services and contract manufacturing. This layered structure supports the potential for recurring and scalable income. Demand from Defence supply chains carries particular relevance, given the need for high-value, repeat and mission-critical parts.
Diversification across the AUKUS defence alliance
AML3D continued to embed its ARCEMY® technology within the US Navy’s Maritime Industrial Base (MIB) supply chain while broadening its addressable market across new sectors and defence markets.
Key diversification milestones during FY26 included:
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From a standing start in 2023, the company signed contracts to deploy 14 ARCEMY® systems into the US Navy’s supply chain, plus two further orders for systems supporting high-value US industrial manufacturing.
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A new $2.6 million contract to supply high-demand, non-safety-critical replacement components used in US Navy submarines.
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First ARCEMY® system deployed to the Tennessee Valley Authority (TVA), a federally owned utility described as the sixth-largest power supplier and largest public utility in the USA, to support its power generation repair fleet.
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First ARCEMY® system deployed to US industrial manufacturer FasTech, which supplies parts for Defence, Aerospace, Energy and other high-demand sectors.
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Entry into the UK defence market, progressing a material feasibility programme for BAE Systems in the UK and agreeing UK and European distribution deals.
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Defence relationships now established across all three AUKUS partners (Australia, the UK and the USA), with onboarding to the AUKUS Vendor Qualification (DIVQ) Programme.
AML3D’s onboarding to the AUKUS Vendor Qualification Programme, alongside the appointment of a retired US Navy Rear Admiral with direct AUKUS programme experience as a board advisor, reflects the company’s deliberate strategy of building institutional access across all three partner nations rather than relying solely on commercial sales channels.
Managing Director Sean Ebert
“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. During the year, we achieved record revenue growth and delivered our first profitable half-year in the second six months.
Demand that supported our FY26 performance has continued into FY27. While we continue to deliver the $16.8 million orders in hand, we are also working to convert our $78 million global sales pipeline and have visibility on potential near-term contracts in the US and the UK. Our strong balance sheet means we have the capacity to complete our planned $17 million 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.”
Balance sheet strength and the FY27 growth roadmap
AML3D reported $26.7 million in cash at bank at 30 June 2026, providing balance sheet capacity to fund continued global expansion in FY27. The company’s outlook section notes a cash balance of $26.8 million, with the headline figure stated as $26.7 million.
Management outlined a planned $17 million investment to expand capacity, comprising a $12 million investment to double US manufacturing capacity and a $5 million investment in a UK Technology Centre, referred to by the Managing Director as a European Technology Centre, to support UK and European demand.
In Australia, the company will finalise a $2.24 million programme developing next-generation advanced manufacturing technology and has completed an installed manufacturing base to support AUKUS demand.
Entering FY27, AML3D holds $16.8 million of orders in hand and an estimated $78 million global sales pipeline.
Stated FY27 priorities include:
- Doubling US manufacturing capacity ($12m investment)
- Establishing a UK / European Technology Centre ($5m)
- Finalising the $2.24m Australian next-generation technology programme
- Converting the $78m pipeline and pursuing near-term US and UK contracts
Why FY26 matters for the investment case
FY26 delivered record top-line growth and the company’s first move into second-half profitability, backed by a cash position that provides the capacity to fund its planned expansion. The customer base now spans three AUKUS-aligned markets, broadening AML3D’s revenue opportunities across Defence and industrial sectors.
With $16.8 million of contracted work rolling into FY27 and a $78 million global sales pipeline, the company enters the new financial year with defined forward visibility. Management has stated that continued execution of its strategy is expected to support increased shareholder value over time.
For investors wanting to understand the revenue recognition mechanics and delivery timeline behind AML3D’s largest single customer relationship, our detailed coverage of the Newport News Shipbuilding commissioning traces the progression from the initial $4.5 million contract through to the follow-on $9.9 million order and the contracted 2027 delivery schedule.
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