AML3D Limited has reported a remarkable 360% increase in customer receipts for the December 2025 quarter, driven by strong demand from the US defence sector and a robust order book of A$16.5 million for FY26. The company is accelerating its US scale-up strategy while expanding into UK and European defence markets.
- Customer receipts surged 360% year-on-year to A$2.3 million in 2Q26
- Orders in hand for FY26 total A$16.5 million, including key US defence contracts
- A$4.5 million order from Huntington Ingalls Industries for US Navy shipbuilding
- Expansion into UK and European defence markets with new distribution agreements
- Strong cash position of A$29.2 million supports planned US and European growth
Robust Growth Fueled by US Defence Sector
AML3D Limited (ASX, AL3), a pioneer in large-scale Wire Additive Manufacturing (WAM) and 3D metal printing, has delivered a standout performance in the December 2025 quarter. Customer receipts soared to A$2.3 million, marking a 360% increase compared to the same period last year. This surge is largely attributed to the company’s successful US scale-up strategy, which is capitalising on strong demand from the US defence sector, particularly the US Navy Maritime Industrial Base (MIB).
The company entered FY26 with A$9 million in orders and has since secured an additional A$7.5 million, bringing total orders to A$16.5 million. Notable contracts include a A$4.5 million order from Huntington Ingalls Industries (HII), the largest US military shipbuilder, for two custom ARCEMY® systems destined for Newport News Shipbuilding. This order underscores AML3D’s growing footprint in the US naval shipbuilding supply chain.
Strategic Expansion Beyond US Borders
AML3D is not limiting its ambitions to the US. The company has identified emerging demand in the UK and Europe, signing a A$1.2 million material feasibility and test block program with BAE Systems UK. To support this growth, AML3D has established distribution partnerships with Scotland-based Arc Additive Limited and Germany’s DMFG Solutions GmbH, laying the groundwork for a European Technology Hub backed by A$5 million in funding.
Meanwhile, AML3D’s Australian operations continue to play a vital role, providing manufacturing capacity and serving as the company’s R&D base. The Australian Government has recognised AML3D as a major exporter under the AUKUS security partnership, with Defence Minister Pat Conroy expressing interest in integrating US best practices into Australia’s supply chain.
Innovation and Financial Strength
Investment in innovation remains a priority, with AML3D committing A$0.4 million in the December quarter to its Advanced/Increased Deposition Rate (ADIR) project, aimed at boosting ARCEMY® system production speeds. This R&D effort is supported by a South Australian Government grant, reflecting confidence in AML3D’s technology leadership.
Financially, AML3D is well positioned with a strong cash balance of A$29.2 million, sufficient to fund over 20 quarters of operations. The company plans to invest A$12 million to more than double its US manufacturing capacity and A$5 million to establish its European manufacturing and technology centre. Capital expenditure in the quarter included approximately A$0.5 million to expand US facilities in Ohio.
Outlook, A Platform for Sustained Growth
With a solid order book and a clear strategy, AML3D is confident in its growth trajectory. The US Navy’s Letter of Intent (LOI) highlights a potential A$150 to A$200 million additive manufacturing opportunity over five years, positioning AML3D’s ARCEMY® technology as a cornerstone for modernising naval shipbuilding and repair. The company anticipates multiple additional system orders in FY26, driven by ongoing advocacy and deepening relationships within the US defence ecosystem.
Beyond defence, AML3D is expanding into industrial sectors such as utilities, aerospace, nuclear, oil and gas, and marine, exemplified by a recent A$2.27 million contract with the Tennessee Valley Authority, the largest public utility in the US. This diversification supports AML3D’s medium-term growth ambitions and broadens its market reach.
Bottom Line?
AML3D’s strong order momentum and strategic investments set the stage for a transformative year, but execution risks and market dynamics will be closely watched.
Questions in the middle?
- How quickly can AML3D convert the US Navy’s Letter of Intent into sustained, large-scale revenue?
- What impact will geopolitical or supply chain challenges have on AML3D’s US and European expansion plans?
- How will advancements from the ADIR project translate into competitive advantages and margin improvements?