Highlights

  • AML3D’s FY26 order book peaked at A$29.0 million, including A$20.0 million of new orders secured during the year.
  • A$16.8 million of existing orders will carry into FY27, supporting continued system commissioning and component manufacturing activity.
  • Customer receipts reached A$3.5 million in the June quarter and A$10.4 million for FY26, approximately 20% above the prior year.
  • The company ended June with A$26.7 million in cash and an estimated global sales pipeline of A$78 million.\
  • AML3D shares traded flat at AUD 0.10 during the morning session on 27 July 2026 and remain down 62.96% over the past year.

AML3D Limited (ASX:AL3) closed the June 2026 quarter focused on converting its elevated order book into delivered ARCEMY systems and manufactured components, while continuing investment in its United States operations and pursuing new opportunities across the United Kingdom, Europe, Australia and the broader Asia-Pacific region. The metal additive manufacturing company reported that its order book reached a peak of A$29.0 million during FY26, comprising A$9.0 million held at the beginning of the year and A$20.0 million of orders signed during the financial period.

AML3D shares traded flat at AUD 0.10 during the morning session on 27 July 2026. The stock recorded no change for the day and remains 62.96% lower over the past year, representing a decline of AUD 0.17 across the 12-month period.

During the fourth quarter, AML3D completed final commissioning work on ARCEMY systems valued at approximately A$6.8 million. The company also reported that A$16.8 million of orders will roll into the next financial year, providing a base of contracted work as it enters FY27.

Customer receipts totalled A$3.5 million for the quarter ended 30 June 2026, compared with A$2.2 million in the March quarter. Full-year receipts reached A$10.4 million, approximately 20% higher than in the previous financial year.

US Defence Orders Remain the Main Near-Term Growth Engine

AML3D’s US scale-up strategy remained the central driver of its order activity during FY26. The company said the US expansion was the main contributor to its record order book and continues to support a broader global sales pipeline estimated at A$78 million as at 30 June 2026.

A significant portion of AML3D’s recent business has come from the US Navy Maritime Industrial Base, which includes submarines, aircraft carriers, surface ships and munitions manufacturing.

During the quarter, the company completed commissioning of the first two ARCEMY X systems for Newport News Shipbuilding, a division of Huntington Ingalls Industries and the largest military shipbuilder in the United States.

Newport News initially ordered two ARCEMY X systems for A$4.5 million during the second quarter of FY26. It later placed a further A$9.9 million order for four additional systems during the third quarter, representing AML3D’s largest single ARCEMY order to date.

The first two units in the six-system fleet became operational during the June quarter. The remaining four systems are scheduled for delivery in early 2027, with AML3D stating that the program is tracking for on-time completion.

Portable ARCEMY System Begins Operation at US Navy Centre

AML3D also finalised installation of its first portable ARCEMY system during the quarter at the US Navy’s Additive Manufacturing Centre of Excellence in Danville, Virginia.

The system, valued at approximately A$1.1 million, is intended for use by Austal USA, which operates the Navy’s additive manufacturing centre and is a prime supplier to the US Navy.

This installation increased Austal USA’s ARCEMY fleet to three systems.

The portable configuration is mounted inside a shipping container, allowing the equipment to be relocated or rapidly redeployed as operational requirements change. This design extends ARCEMY’s use beyond permanent production facilities and supports point-of-need manufacturing within defence and industrial supply chains.

AML3D also brought an ARCEMY X system valued at approximately A$1.6 million into operation at FasTech, a US supplier serving the defence, aerospace and energy industries.

These deployments contributed to the A$6.8 million of ARCEMY system commissioning completed during the quarter.

Replacement Parts Order Addresses US Navy Supply Constraints

Alongside system sales, AML3D commenced work on a A$2.6 million order for five high-demand replacement components for the US Navy submarine fleet.

The 10-month manufacturing program involves non-safety-critical components that are no longer available from their original manufacturer.

This is the company’s second order involving discontinued replacement components for the submarine fleet. AML3D said the work demonstrates the role its additive manufacturing technology can play in addressing supply-chain constraints and producing complex parts that are no longer supported through traditional manufacturing channels.

The company is also continuing several material qualification printing programs for additional defence applications and wider US commercial manufacturing markets.

These programs can serve as an entry point to larger system or component orders by demonstrating that AML3D’s processes and materials meet the technical standards required for specific uses.

A$12 Million Stow Expansion Moves Forward

To support increasing activity in the United States, AML3D continued its fully funded A$12 million investment program at its Technology Centre in Stow, Ohio.

The expansion is intended to double the additive manufacturing capacity of the US facility and position the business to meet growing demand from the Navy Maritime Industrial Base and other industrial customers.

AML3D invested A$1.5 million in the first tranche of the Stow expansion during the June quarter.

The company views its physical US presence as an important factor in its ability to secure defence work. Establishing the Stow facility has allowed AML3D to manufacture closer to its customers, support qualification activities and build relationships with major US defence contractors.

Management expects the expanded facility to provide sufficient capacity for additional ARCEMY systems and component manufacturing work as the company progresses its existing sales pipeline.

Former US Navy Leaders Support Next Advocacy Phase

AML3D expanded its US advisory capability during the quarter by appointing retired US Navy Rear Admiral David Goggins as an adviser to the company’s US Board.

Rear Admiral Goggins spent 34 years working across the design, construction and maintenance of nuclear-powered submarines. He also served as Special Assistant for the trilateral AUKUS defence partnership involving Australia, the United Kingdom and the United States.

He joins Larissa Smith, the former Director of Additive Manufacturing for the US Navy, who became an adviser to AML3D’s US Board in the previous quarter.

The company said the next phase of its advocacy program is intended to increase awareness of ARCEMY technology at the operational level throughout the US Navy’s industrial supply network.

The advisers are expected to use their defence-sector experience and professional networks to deepen relationships with prime contractors such as Huntington Ingalls Industries and Austal USA.

AML3D said this work builds on the earlier efforts of Bondi Partners, which helped establish awareness of the company among decision-makers in the US defence, government and manufacturing sectors.

European Pipeline Moves Closer to Initial System Order

AML3D continued developing its sales pipeline in the United Kingdom and Europe during the quarter.

The company is already undertaking a A$1.2 million material feasibility and test block program for BAE Systems in the United Kingdom. It is also producing components for another UK defence prime contractor.

Management said the development of its UK and European pipeline may lead to an initial European ARCEMY system contract in the short to medium term. Current negotiations suggest that the first system is likely to be installed in the United Kingdom.

AML3D intends to apply the same market-entry approach used in the United States, where initial component manufacturing and material qualification work preceded larger system orders.

The company has allocated A$5.0 million to establish a European Technology Centre. A first ARCEMY contract with a UK defence supplier is expected to be the trigger for establishing that facility in the UK.

A regional technology centre would provide manufacturing capacity, customer support and qualification capabilities closer to European defence and industrial customers.

Australian Operations Support Global Delivery

AML3D’s Australian manufacturing base remains positioned near key AUKUS defence precincts in Adelaide and Perth.

The company intends to draw on its existing relationships with US and UK AUKUS suppliers when pursuing additional opportunities with the Royal Australian Navy.

AML3D’s North Plympton Technology Centre in Adelaide is already supporting international defence programs. The facility is conducting the material feasibility and test block work for BAE Systems UK while also providing additional manufacturing capacity for US and UK customers.

Management said the ability to move work between its Australian and US facilities provides flexibility when serving customers across different regions.

AML3D is also holding early-stage discussions about using its Australian operations to support additional industrial manufacturing markets in the Asia-Pacific region.

These discussions remain exploratory but form part of the company’s longer-term strategy to extend ARCEMY technology beyond its established defence and maritime customer base.

Technology Development Continues Through AIDR Project

The North Plympton facility also acts as AML3D’s research and development centre.

During the quarter, the company continued the A$2.24 million ARCEMY Increase Deposition Rates project, known as AIDR.

The project is intended to improve production rates across AML3D’s ARCEMY technology and maintain its position within large-scale metal additive manufacturing.

AML3D invested A$0.46 million in the AIDR program during the June quarter. Cumulative spending reached A$1.8 million by the end of the period, against the total project budget of A$2.24 million.

Management expects the development work to support additional ARCEMY system sales and contract manufacturing orders over the medium to longer term.

Higher deposition rates may increase the speed at which metal components can be produced, improving system productivity and broadening the potential commercial applications of the technology.

Cash Receipts Rise as Order Delivery Progresses

AML3D received A$3.497 million from customers during the June quarter, lifting FY26 receipts to A$10.419 million.

The quarterly total was higher than the A$2.2 million collected in the March quarter and reflected ongoing execution against the company’s order book.

Research and development payments totalled A$0.376 million during the quarter and A$1.392 million for the full year.

Product manufacturing and operating payments were A$1.417 million in the quarter, taking the FY26 total to A$5.120 million. Staff payments reached A$1.774 million for the quarter and A$6.523 million for the year.

Administration and corporate costs amounted to A$0.716 million during the quarter, while advertising and marketing payments were A$0.054 million.

AML3D also received A$0.272 million in interest income during the quarter and A$1.045 million for the full financial year.

Net cash used in operating activities was A$0.603 million for the June quarter and A$4.655 million across FY26.

A$26.7 Million Cash Balance Funds Expansion Plans

AML3D ended the quarter with cash and cash equivalents of A$26.670 million, compared with A$26.454 million at the beginning of the period.

The closing balance consisted of A$6.670 million in bank accounts and A$20.0 million in call deposits.

Investing cash outflow for the quarter was A$0.392 million, primarily relating to purchases of property, plant and equipment. Full-year investing outflow was A$1.498 million.

Financing activity contributed a net A$1.176 million during the quarter. This included A$1.232 million received from the exercise of options, partly offset by A$0.056 million in debt repayments.

The company reported no financing facilities at quarter-end and no unused debt facilities.

Based on its quarterly operating cash outflow and closing cash balance, the Appendix 4C indicated estimated funding coverage of 44 quarters. This calculation is based on the June quarter’s operating cash usage and does not account for changes in future investment or operating expenditure.

AML3D said its cash resources provide funding headroom for both the planned A$12 million US capacity expansion and the A$5 million investment allocated to a future European Technology Centre.

FY27 Outlook Supported by Contracted Orders

AML3D enters FY27 with A$16.8 million of orders carried forward from the previous year.

The company continues to work through the record A$20.0 million of new orders received during FY26, while its total sales pipeline has expanded to an estimated A$78 million.

Management expects the US defence and industrial manufacturing markets to remain the primary near-term growth drivers.

In the medium term, AML3D is targeting expansion through the UK and European defence sectors, supported by a possible European Technology Centre.

Australian operations are expected to provide manufacturing flexibility, research and development capability and potential access to future AUKUS opportunities.

The company also considers the Asia-Pacific region a longer-term opportunity as it explores additional industrial markets that may benefit from large-scale additive manufacturing.

AML3D said the combination of carried-forward orders, its sales pipeline and its short-, medium- and long-term expansion plans gives it confidence that FY27 can deliver another record revenue performance.

About AML3D

AML3D was founded in 2014 and specialises in large-scale metal additive manufacturing.

Its patented Wire Additive Manufacturing process combines welding science, robotic automation, materials engineering and proprietary software to manufacture metal components.

The company is the original equipment manufacturer of ARCEMY industrial metal 3D printing systems. ARCEMY systems use AML3D’s WAM technology to produce metal parts through automated, on-demand manufacturing.

The technology is intended to provide an alternative to conventional casting, forging and billet machining processes.

AML3D supplies equipment and services to customers across defence, maritime, aerospace, manufacturing, mining, oil and gas and energy markets.

In addition to ARCEMY systems, the company provides engineering design services, software licences, technical support, consumables and contract manufacturing.

What This Means for Investors

AML3D’s June quarter update shows a company moving from order intake toward delivery and capacity expansion. The business ended FY26 with customer receipts of A$10.4 million, A$16.8 million of work carrying into FY27 and a sales pipeline estimated at A$78 million.

The US Navy Maritime Industrial Base remains the largest immediate opportunity, supported by the six-system Newport News Shipbuilding program, the portable system at the Danville centre and the ongoing replacement-component order.

At the same time, the company is investing A$12 million to double its US manufacturing capacity and has reserved A$5 million for a possible European Technology Centre.

Its A$26.7 million cash position provides funding for these initiatives, although delivery against the carried-forward order book and conversion of pipeline opportunities into firm contracts will remain important measures of progress during FY27.