Amaero Ltd (ASX:3DA) reports revenue of A$7.7 million for the first half of FY2026, a 366% increase from FY2025. The company secures contracted revenue of A$9.7 million for the second half of FY2026. Cash and restricted cash balance stands at A$52.6 million, a $1.7 million increase from September.
The company executes key capital investments to support U.S. manufacturing scale-up, including a dedicated Argon recycling plant and a fourth advanced EIGA Premium atomizer. Amaero achieves material capital efficiency and unit cost optimization outcomes, securing the Argon recycling plant at approximately 60% below earlier cost estimates.
Amaero receives formal validation from the United States Navy with a Letter of Support for its PM-HIP manufacturing process. The company converts a strategic partnership into an initial commercial supply order, receiving a A$4.6 million refractory powder purchase order from Titomic Limited. Operational momentum increases during the quarter, with improved powder shipments and atomization output.
The company continues to execute its strategy to establish a cost-competitive U.S. domestic manufacturing platform for high-value refractory and titanium alloy powders. Amaero enters binding purchase contracts for a dedicated Argon recycling plant and its fourth advanced EIGA Premium atomizer. Manufacturing optimization initiatives focus on process, safety, and quality controls.
Amaero receives a Letter of Support from the United States Department of the Navy, recognizing the company’s PM-HIP manufacturing process as a viable alternative to traditional casting and forging supply chains. The company makes progress in commercial outcomes, receiving a A$4.6 million purchase order from Titomic Limited for refractory alloy powders.
The company maintains a strong financial position throughout the quarter, with a cash and restricted cash balance of A$52.6 million. Amaero continues to execute its growth and capital investment program, focusing on establishing a scaled, cost-competitive U.S. domestic manufacturing platform for high-value refractory and titanium alloy powders. Amaero Ltd has aligned capital deployment with equipment delivery schedules, while providing financial guidance for FY2026. Revenue is estimated to increase by 372-425% over FY2025, with contracts secured for A$9.7 million in the second half of FY2026. The company’s December cash balance was A$52.6 million.
The revision in revenue guidance for FY2026 reflects delays in contract awards and revenue recognition due to U.S. government funding uncertainty and a temporary shutdown. Despite delays, demand and long-term program pipelines remain unaffected. Amaero anticipates improved momentum post U.S. federal budget appropriations resolution.
Amaero, a leading U.S. domestic producer of high-value powders, enters 2026 with a strong balance sheet and expanded production capabilities. The company aims for sustainable positive EBITDA through disciplined execution and scaling production in line with customer demand. Policy support for domestic advanced manufacturing is expected to aid growth. Interest payments start on September 30, 2026, with principal repayments over 28 quarters. A loan commitment of 75% loan-to-cost ratio for capital equipment in Amaero’s Tennessee facilities was completed. Two draws of A$12.545 million were made, with A$11.145 million in net cash proceeds. Estimated quarters of funding available is 8.24.
Read more at GlobeNewswire: Amaero Releases Quarterly Activities Report and Appendix