AML3D Limited (ASX: AL3) Posts Record FY26 Revenue and Second-Half EBITDA Profit

AML3D Limited reported record annual revenue and its first profitable half-year on an EBITDA basis, driven by US defence demand.

Revenue, including lease income, rose 70% year-on-year to $12.5 million for the year ended June 30, 2026. The metal additive manufacturing company recorded second-half EBITDA of $608,000.

That result covers the six months from January through June. AML3D did not report that the full financial year was profitable.

Orders Provide FY27 Starting Base

AML3D’s confirmed order book peaked at $29 million during FY26. This comprised $20 million of new orders and $9 million carried forward from FY25.

The company entered FY27 with $16.8 million of contracted work still to deliver. That compares with a $9 million rollover into the previous financial year.

Its estimated global sales pipeline reached a record $78 million at June 30. A sales pipeline represents potential business and is distinct from contracted revenue.

The difference matters because AML3D’s near-term performance depends on delivering existing orders and converting opportunities into signed contracts. Its larger rollover provides more contracted work at the start of FY27 than a year earlier.

US Navy Demand Drives Expansion

Growth was led by demand for AML3D’s ARCEMY metal 3D-printing systems within the US Navy’s Maritime Industrial Base supply chain.

Since 2023, AML3D has signed contracts to deploy 14 ARCEMY systems into that supply chain. It also secured two system orders supporting high-value US industrial manufacturing.

During FY26, the company signed a further $2.6 million contract for submarine replacement components. These were described as high-demand, non-safety-critical parts.

AML3D also placed its first ARCEMY system in the US utility sector following a competitive tender. The system supports the Tennessee Valley Authority’s power-generation repair fleet.

A separate deployment went to FasTech, which supplies parts across defence, aerospace, energy and other industrial markets. These orders broaden AML3D’s exposure beyond its core US Navy customer base.

UK Market Adds a Second Growth Platform

AML3D progressed a material feasibility program for BAE Systems in the UK during FY26. It also agreed distribution arrangements covering the UK and Europe.

The company now has defence relationships across Australia, the UK and the US. Those countries comprise the three members of the AUKUS defence partnership.

AML3D has also joined the AUKUS Vendor Qualification Program and completed an installed Australian manufacturing base to support related demand.

Cash Funds Planned Capacity Build

AML3D reported $26.8 million of cash at June 30. That balance is intended to support $12 million of investment to double US capacity.

A further $5 million is planned for a UK Technology Centre serving UK and European demand. In Australia, AML3D will finalise a $2.24 million next-generation advanced manufacturing program.

The company enters FY27 with a larger contracted workload, expanded market coverage and planned manufacturing investment. Execution now centres on delivering the $16.8 million order book while pursuing opportunities within the $78 million pipeline.