Amaero Projects A$5.5M Q1 Revenue, Targets Positive EBITDA by FY2027
Amaero Ltd forecasts a dramatic revenue increase in Q1 FY2026 and strengthens its foothold with key defense collaborations, including Boeing.
- Q1 FY2026 revenue projected at A$5.5 million, up 550% from prior year
- Positive EBITDA expected by FY2027
- Contracts secured with U.S. Department of Defense Prime Contractor
- Development collaboration initiated with Boeing
- Orders from 14 customers for refractory and titanium powders
Strong Revenue Growth Signals Commercial Momentum
Amaero Ltd (ASX – 3DA) has unveiled an optimistic financial and commercial update for the first quarter of fiscal year 2026, projecting revenue of approximately A$5.5 million. This figure represents a striking 550% increase compared to the same period last year and a 145% rise over the entire FY2025 revenue. The company’s confidence is underpinned by contracted revenue covering about 80% of the first half of FY2026 and 90% of the second quarter, indicating a robust pipeline of business.
Defense Contracts and First Article Qualification Milestone
Amaero’s commercial progress is highlighted by contracts awarded from a U.S. Department of Defense Prime Contractor, with whom the company has collaborated closely over the past year. The delivery of First Article parts is anticipated in September or October 2025, marking a critical qualification step that could lead to production contracts. This milestone underscores the maturity of Amaero’s Powder Metallurgy Hot Isostatic Pressing (PM-HIP) technology, which offers a viable alternative to traditional large castings and forgings, addressing supply chain constraints in defense manufacturing.
Strategic Collaboration with Boeing
Further bolstering its commercial outlook, Amaero has commenced a development collaboration with aerospace giant Boeing. This partnership leverages Amaero’s expertise in PM-HIP manufacturing of large near-net-shape parts and Boeing’s extensive manufacturing and materials experience. The collaboration could accelerate the adoption of advanced manufacturing technologies in aerospace applications, potentially opening new revenue streams and strategic opportunities.
Diverse Customer Base in Powder Supply
On the materials front, Amaero continues to supply high-value refractory and titanium powders, with orders from 14 distinct customers scheduled for shipment in Q1 FY2026. The product range includes specialty alloys such as Niobium C103, pure Niobium, Tungsten (WHA), TZM, and Titanium (Ti64), reinforcing the company’s position as a key domestic supplier for advanced manufacturing sectors including defense, space, and aviation.
Looking Ahead
Chairman and CEO Hank J. Holland emphasized the significance of this transition to commercialisation, noting the strong contracted revenue and the pipeline of defense contracts, strategic supplier agreements, and development collaborations. With positive EBITDA expected by FY2027, Amaero appears poised to capitalize on its technological advancements and strategic partnerships to scale its business substantially in the coming years.
Bottom Line?
Amaero’s rapid revenue growth and strategic defense collaborations set the stage for a pivotal year ahead.
Questions in the middle?
- Will the First Article Qualification lead to full production contracts with the Defense Prime Contractor?
- How will the collaboration with Boeing evolve and impact Amaero’s market position?
- Can Amaero sustain its rapid revenue growth and achieve positive EBITDA by FY2027?
