Highlights

  • AML3D (ASX:AL3) reported a record FY26 order book of $29.0 million, with $16.8 million of orders rolling into FY27.
  • The company continued expanding its presence in the US defence market, including ARCEMY system deployments with major industry participants.
  • Cash receipts reached $10.4 million for FY26, while cash and cash equivalents stood at $26.7 million at 30 June 2026.
  • AML3D is increasing Manufacturing capacity in the US and progressing opportunities across defence, aerospace and industrial markets.

AML3D (ASX:AL3) is advancing its position in the global metal additive manufacturing sector through its Wire Additive Manufacturing (WAM) technology and ARCEMY industrial 3D printing systems. The company is focused on supplying advanced manufacturing solutions for defence, aerospace, maritime and industrial applications, with the US defence sector emerging as a key growth market.

The company’s June 2026 quarterly update highlighted continued progress against its expansion strategy, supported by a record order book, increasing customer adoption and Investment in manufacturing capacity. AML3D is building its global footprint while working to convert growing market Demand into sustainable Revenue growth.

FY26 Progress

AML3D reported that its order book reached a record $29.0 million during FY26, compared with $9.0 million at the beginning of the financial year. The increase was supported by $20.0 million in new orders secured during the period, including ARCEMY system contracts and manufacturing opportunities.

During the June 2026 quarter, the company completed final commissioning of ARCEMY systems valued at approximately $6.8 million. Cash receipts during the quarter were $3.5 million, taking total FY26 customer receipts to $10.4 million, representing growth of around 20% compared with the previous year.

The company entered FY27 with $16.8 million of orders carried forward, providing visibility across upcoming delivery schedules.

AML3D also maintained a solid cash position, with cash and cash equivalents of $26.7 million at 30 June 2026. This provides funding support for planned investments, including the expansion of its US manufacturing operations.

Defence Expansion

AML3D’s US defence strategy remains a central component of its growth plans. The company has continued to expand its presence within the US Maritime Industrial Base through ARCEMY deployments and relationships with defence manufacturers.

During the quarter, an initial ARCEMY system valued at approximately $4.1 million became operational at Newport News Shipbuilding, part of one of the largest military shipbuilding operations in the US. This followed previous orders that expanded the company’s relationship with the shipbuilder, with additional systems scheduled for delivery.

AML3D also commissioned its first portable ARCEMY system at the US Navy’s Additive Manufacturing Centre of Excellence in Danville, Virginia. The portable configuration is designed to provide flexibility by allowing rapid deployment and relocation.

A further ARCEMY system valued at approximately $1.6 million became operational with FasTech, a supplier serving defence, aerospace and energy industries.

The company also continued work on replacement component manufacturing opportunities for the US Navy submarine fleet, supporting its role in addressing Supply chain requirements for specialised components.

Technology Growth

AML3D’s ARCEMY systems are based on its proprietary Wire Additive Manufacturing technology, which combines welding science, robotics, materials engineering and software capabilities to produce large-scale metal components.

The company continues to invest in improving ARCEMY technology through its ARCEMY Increase Deposition Rates project in Adelaide. The initiative is designed to enhance manufacturing speed and support future system sales and contract manufacturing opportunities.

AML3D is also expanding its manufacturing capabilities through a $12 million investment program aimed at doubling capacity at its Stow, Ohio technology centre. The expansion is intended to support increasing demand from US defence and industrial customers.

Global Opportunities

Beyond the US market, AML3D is progressing opportunities across the UK and Europe. The company has been developing its sales pipeline in these regions, supported by defence relationships and material qualification programs.

AML3D has previously secured a $1.2 million material feasibility and test block program with a UK defence supplier. The company expects further opportunities in the region as adoption of additive manufacturing solutions increases.

In Australia, AML3D continues to use its North Plympton Facility as an innovation and manufacturing hub. The company is leveraging its Australian operations to support international customers while exploring additional opportunities across the Asia Pacific region.

The company has also allocated Capital towards establishing a potential European technology centre, which could support future expansion if customer demand continues to develop.

Growth Outlook

AML3D’s near-term growth strategy remains focused on expanding its US defence presence, increasing ARCEMY adoption and converting its pipeline into additional commercial contracts.

The company reported an estimated sales pipeline of $78 million at 30 June 2026, supported by demand from defence, aerospace and industrial manufacturing markets.

Management expects the continued expansion of its US operations, combined with growing opportunities in the UK, Europe and Asia Pacific, to support future revenue growth.

The company’s ability to deliver existing orders, secure additional contracts and improve manufacturing scale will remain important factors in assessing the pace of its expansion.

Key Risks

AML3D continues to operate in a developing technology market where commercial growth depends on successful customer adoption, contract execution and ongoing investment.

The company’s revenue profile remains influenced by the timing of large system deliveries and manufacturing contracts, which can create variability between reporting periods.

Exposure to defence markets also means AML3D is subject to government procurement cycles, budget decisions and broader industry conditions.

While the growing order book provides visibility, converting pipeline opportunities into completed contracts and Recurring Revenue will remain a key focus.

Future Outlook

AML3D enters FY27 with a larger customer base, a record order book and expanding manufacturing capability across key regions.

The company’s strategy is centred on supporting defence supply chains, scaling ARCEMY deployments and positioning its technology across global industrial markets.

With $16.8 million of orders carried into FY27, a $78 million sales pipeline and continued investment in production capacity, AML3D is focused on converting its growing market opportunity into long-term commercial outcomes.

Progress across US defence programs, international expansion and technology development will remain important areas for investors to monitor as the company continues its growth journey.