Highlights

  • Customer receipts reached $3 million in the September 2026 quarter, up 19% on the prior comparable period.
  • First US Navy nuclear submarine production parts order received from Austal USA Advanced Technologies, valued at around AU$0.5 million.
  • Global sales pipeline has expanded to more than $80 million, with $16.8 million of orders rolled into FY27.
  • Cash position stood at $24.42 million as at 30 September 2026.

AML3D Limited (ASX:AL3), a company specialising in large-scale Wire Additive Manufacturing (WAM®) and 3D metal printing solutions, has released its Quarterly Activities Report and Appendix 4C for the quarter ended 30 September 2026 (1Q27). The quarter was largely centred on executing the company’s sizeable order book, with its manufacturing operations working through $16.8 million of orders carried into FY27. This represents an 87% increase on the $9 million of orders that rolled into FY26. Meanwhile, the global sales pipeline has grown beyond $80 million, and customer receipts of $3 million were 19% higher than in the prior comparable period.

US Defence Orders Signal Shift to Production Parts

The US scale-up strategy continues to be the company’s main growth driver. Work at the US Technology Centre in Stow, Ohio, is concentrated on the orders carried into the quarter, including AML3D’s largest ARCEMY® order to date: a $9.9 million contract for four large-scale ARCEMY® X systems from Newport News Shipbuilding (NNS). NNS is a division of Huntington Ingalls Industries, the largest military shipbuilder in the US and a prime supplier to the Navy Maritime Industrial Base. The order, which doubles the previous NNS systems order, is tracking for on-time delivery in 2Q27.

During the quarter, AML3D also announced its initial US Nuclear Submarine Industrial Base production parts order. Austal USA Advanced Technologies ordered three large, high-pressure fluid control submarine components, which the company views as a shift in procurement from traditional manufacturing towards Wire-Arc Additive Manufacturing. This follows a second order from BlueForge Alliance for five high-demand, non-safety-critical replacement components for US Navy submarines, which are already in production and tracking for delivery in the second half of the financial year.

AML3D had earlier received a letter of intent from the US Navy in FY26 pointing to demand for up to 1,600 additively manufactured components by 2030. To meet this rising demand, the company is continuing its $12 million investment to double its US manufacturing capacity.

Aerospace R&D and Global Expansion Plans

In Australia, AML3D joined a global aerospace prime alongside industry and research partners in a three-year, $3.9 million project aimed at developing its WAM® technology for qualified aerospace tooling production. The company will contribute about $0.5 million, comprising $130,000 in cash and $400,000 in staff and other in-kind contributions. While the project is not expected to generate revenue directly, a successful outcome could position AML3D as a potential aerospace tooling production supplier.

The company’s Australian footprint in Perth and Adelaide places its ARCEMY® systems close to key AUKUS hubs, where the Australian Government is making multibillion-dollar investments in infrastructure and sustainment. The North Plympton Technology Centre in Adelaide is delivering UK contracts and offering additional capacity to support demand in the US.

In the UK, AML3D continued its $1.2 million material feasibility and test block program for BAE Systems UK and progressed negotiations for an initial European ARCEMY® system installation. Citing emerging demand across the Middle East and Southeast Asia, the company has pre-allocated $5 million to establish a new Technology Centre to serve its Rest of the World markets.

Financial Position and Outlook

Cash receipts rose to $3.0 million from $2.5 million in the prior comparable period. Product manufacturing and operating costs increased to $2.5 million from $0.76 million, reflecting higher order volumes linked to the US scale-up. Net cash used in operating activities was $2.13 million, compared with $0.59 million a year earlier. AML3D ended the quarter with cash of $24.42 million, which it says supports both the US capacity expansion and the planned new Technology Centre.

Looking ahead, the NNS systems order is expected to be delivered in Q2, while the $2.61 million order for submarine components for in-service trials and the initial production parts order are tracking for delivery in Q3. The company also aims to convert more of its pipeline of over $80 million into new orders.

Key Takeaways

AML3D’s September quarter centred on execution, with a record order book carried into FY27, higher customer receipts and a first US Navy submarine production parts order. Capacity investments in the US and the planned Rest of the World Technology Centre, backed by a cash balance of $24.42 million, form the core of its medium-term growth plans. Delivery of the NNS systems order in Q2 and progress in converting the sales pipeline remain key items to watch.