Why AML3D (ASX:AL3) Is Carrying an A$16.8 Million Order Book and an A$80 Million Pipeline Into FY27

Sonal Goyal

23 October 2026 05:42 PM AEDT

Why AML3D (ASX:AL3) Is Carrying an A$16.8 Million Order Book and an A$80 Million Pipeline Into FY27

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Key Highlights

AML3D reported orders of A$16.8 million rolling into FY27, up 87 per cent from the A$9 million carried into FY26.
Customer receipts were A$3.0 million, up 19 per cent on the prior corresponding period, with cash of A$24.42 million at 30 September 2026.
The largest order is from Newport News Shipbuilding for four ARCEMY X systems worth A$9.9 million, with delivery tracking for the second quarter of FY27.

AML3D Limited (ASX:AL3) reported in its quarterly activities report for the period ended 30 September 2026 that orders of A$16.8 million rolled into FY27, up 87 per cent from the A$9 million carried into FY26. The company described its sales pipeline, at more than A$80 million, as a record. Customer receipts were A$3.0 million, up 19 per cent on the prior corresponding period. The company said a global network of technology centres aligned with AUKUS partners and other industrial markets is expected to be a medium- to longer-term Revenue driver.

Key orders

The largest item is an order from Newport News Shipbuilding, a division of Huntington Ingalls Industries, for four ARCEMY X systems worth A$9.9 million. AML3D described it as its largest ARCEMY order to date and double the previous order from the customer, and said delivery is tracking for the second quarter of FY27.

A US Navy submarine programme order for five replacement components that are no longer supported by the original equipment manufacturer, placed through BlueForge Alliance, is valued at A$2.61 million in the outlook section. These components are in production, with in-service trials expected in the second half of FY27. Austal USA Advanced Technologies ordered three high-pressure fluid control components, valued at about A$0.5 million, for delivery tracking to the third quarter. BAE Systems UK contributed A$1.2 million for a material feasibility and test block programme.

AML3D also joined an aerospace prime and research partners on a three-year, A$3.9 million project to develop its wire-arc additive Manufacturing technology for aerospace. The company's own contribution is about A$0.5 million, made up of A$130,000 cash and A$400,000 of staff time and in-kind support, and the project is not expected to generate direct revenue. A US Navy letter of intent received in FY26 states a need for up to 1,600 additively manufactured components by 2030, and a letter of intent is not an order. Negotiations on an initial European ARCEMY installation continued without a stated value or date.

Cash and costs

Cash and equivalents were A$24.42 million at 30 September, against A$26.67 million at the previous quarter end, with A$20 million held in call deposits. Net operating cash outflow was A$2.13 million, compared with A$0.59 million a year earlier, after receipts of A$2.97 million and A$821,000 of government grants and tax incentives. Product manufacturing and operating costs were A$2.46 million, against A$0.76 million a year earlier, which the report describes as a 200 per cent rise. Staff costs were A$2.05 million. The report estimates 11 quarters of funding on Operating Cash Flow alone, excluding the A$12 million US capacity Investment and the A$5 million technology centre.

Growth strategy

The company calls its US operation, based at its Technology Centre in Stow, Ohio, its primary growth driver and is investing A$12 million to double US manufacturing capacity. Its North Plympton Facility in Adelaide supports UK contracts and provides additional capacity for US demand. For markets outside Australia and the United States, AML3D has pre-allocated a fully funded A$5 million for a new technology centre, with no location decided. It also plans to use the relationships of board advisor Rear Admiral David Goggins to pursue further Royal Australian Navy work.

Outlook and risks

AML3D's stated priorities are delivering the A$16.8 million order book, converting the pipeline into orders, and continuing the capacity expansion. Delivery of the Newport News systems in the second quarter and the BlueForge and initial US Navy parts in the third quarter are company expectations rather than completed events. The pipeline and the letter of intent are not contracted revenue, and AML3D (ASX:AL3) did not provide formal Earnings guidance.

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