Amaero Reports A$1.5M Q4 Revenue, Signs Five-Year Velo3D Supply Contract
Amaero Ltd reports solid June quarter revenue and signs a pivotal five-year exclusive supply agreement with Velo3D, underpinning its growth outlook and updated EBITDA guidance for FY2027.
- June quarter revenue of A$1.489 million with strong powder sales
- Exclusive five-year supply agreement with Velo3D valued at approx. A$35 million
- Commissioning of second advanced atomizer at Tennessee facility
- Updated guidance targets positive EBITDA in FY2027
- Secured A$35 million EXIM Bank equipment financing, well funded for expansion
Financial Performance and Growth Trajectory
Amaero Ltd (ASX – 3DA) has delivered a robust June 2025 quarter, reporting revenue of A$1.489 million, driven primarily by powder metallurgy sales amounting to A$1.006 million and manufacturing activities contributing A$483,000. The company ended the quarter with a healthy cash balance of A$19.2 million and tangible assets valued at A$50.7 million, positioning it well for the next phase of growth.
Importantly, Amaero reaffirmed its revenue growth guidance for FY2026, anticipating significant scaling driven by contracted sales and long-term agreements that provide approximately 80% visibility into planned revenue for the first half of FY2026.
Strategic Partnership with Velo3D
A highlight of the quarter was the signing of a five-year exclusive supply agreement with Velo3D, a leading US-based metal additive manufacturing technology company. This partnership is expected to generate approximately A$35 million in revenue over the contract term, contingent on Velo3D’s production demand. Amaero will be the preferred supplier of C103 and titanium alloy powders, including refractory metals, to Velo3D’s mission-critical parts production for defense, space, and aviation sectors.
The agreement not only validates Amaero’s technological leadership but also strengthens its strategic positioning in the US market, supporting the broader trend of re-shoring advanced manufacturing capabilities.
Operational Milestones and Capacity Expansion
Operationally, Amaero commissioned its second advanced Electrode Induction Melting Gas Atomizer (EIGA Premium) at its Tennessee manufacturing facility. This atomizer is the second of its kind in the US and the third worldwide, enhancing the company’s capacity to produce high-quality titanium powders at scale.
Additionally, the company announced a purchase order for 27 tonnes of titanium spherical powder to be shipped in the first half of FY2026, signaling strong customer demand and production ramp-up.
Financial Position and Leadership Strengthening
Amaero secured A$35 million in equipment financing from the Export-Import Bank (EXIM), drawing A$5.4 million in the quarter with further proceeds expected in FY2026. This financing underpins the company’s capital investment plans, including facility upgrades and new equipment to support scaled production through FY2030.
In leadership developments, Brett Paduch was appointed as Chief Financial Officer, bringing extensive experience in financial planning, capital markets, and M&A transactions, which will be critical as Amaero navigates its growth trajectory.
Outlook and Market Positioning
With the commissioning of new manufacturing technology, a significant supply contract, and a strengthened balance sheet, Amaero is well positioned to capitalize on increasing demand for additive manufacturing powders in high-value sectors such as defense, aerospace, and medical devices. The company updated its EBITDA guidance, now expecting to achieve positive EBITDA by FY2027, reflecting confidence in its commercialisation strategy and revenue visibility.
Overall, Amaero’s June quarter report underscores a transformational phase for the company as it scales production capabilities and secures strategic partnerships that validate its market leadership in advanced materials manufacturing.
Bottom Line?
Amaero’s strategic investments and partnerships set the stage for accelerated growth, but execution and market demand will be key to hitting its FY2027 EBITDA target.
Questions in the middle?
- How will Velo3D’s production demand fluctuations impact Amaero’s revenue trajectory?
- What are the risks associated with the timing and scale of capital equipment commissioning?
- How will Amaero manage supply chain and operational challenges amid rapid expansion?