AML3D Revenue Jumps 70% as U.S. Defense Business Grows

AML3D (ASX: AL3) reported record revenue for the fiscal year ended June 30, 2026. The Australian metal 3D printing company brought in A$12.5 million (US$8.9 million), up 70% from the prior year. Gross profit reached A$7.8 million (US$5.6 million) at a 63% margin. The company still posted a net loss of A$4.5 million (US$3.2 million), but it recorded its first EBITDA-positive half-year during the second half, with EBITDA of A$608,000 (US$434,507).

U.S. Navy as the engine

The U.S. defense sector, and especially the U.S. Navy's Maritime Industrial Base, drove most of the growth. AML3D makes ARCEMY industrial metal 3D printing systems that use Wire Additive Manufacturing (WAM). The process feeds metal wire into an electric arc and deposits melted material layer by layer. It avoids the powder and laser costs of conventional metal AM, which makes it attractive for large structural parts.

AML3D has now signed contracts to deploy 14 ARCEMY systems into the Navy supply chain. Two custom ARCEMY X systems were commissioned at Newport News Shipbuilding, a division of HII and one of the largest U.S. military shipbuilders, in June. That order was worth about A$4.5 million (US$3.2 million). A separate order for four more ARCEMY X systems at Newport News Shipbuilding is worth about A$9.9 million (US$7.1 million) and expected to deliver in early 2027.

In May, AML3D delivered a portable ARCEMY system to the Navy's Additive Manufacturing Center of Excellence in Danville, Virginia. The facility, operated by Austal USA, now has three ARCEMY systems installed.

From equipment to parts

AML3D is also generating revenue by manufacturing parts, not just selling printers. In March, the company received a roughly A$2.6 million (US$1.9 million) contract from BlueForge Alliance to produce five replacement components for U.S. Navy submarines. One of those parts is no longer manufactured by the original supplier. AML3D will produce it in Nickel-Aluminum-Bronze using ARCEMY technology.

That kind of work adds a service revenue stream on top of equipment sales. Software licenses, technical support, consumables, and engineering services also contribute.

Global expansion

AML3D is spending A$12 million (US$8.6 million) to double its U.S. manufacturing capacity. Its U.S. Technology Center in Stow, Ohio is being expanded to meet expected demand from defense and industrial customers.

Beyond the U.S., AML3D is moving into the UK market. During FY2026, it ran a material feasibility program with BAE Systems and signed distribution agreements covering the UK and Europe. A UK Technology Centre backed by A$5 million (US$3.6 million) is planned. Combined with the U.S. expansion, the company is targeting roughly A$17 million (US$12.1 million) in new capacity.

The UK push connects to AUKUS, the defense partnership between Australia, the United States, and the United Kingdom. AML3D now has defense relationships in all three AUKUS countries and says it is pursuing additional work through that framework.

Looking ahead

AML3D enters FY2027 with A$16.8 million (US$12 million) of contracted work, up from A$9 million (US$6.4 million) a year earlier. It also reports an A$78 million (US$55.7 million) global sales pipeline. The company ended June with about A$26.7 million (US$19.1 million) in cash to fund the expansion. Whether that pipeline converts into orders will determine if AML3D can sustain the growth rate it just posted.