AML3D Revenue Jumps 70 Percent as U.S. Navy Defense Work Grows

Record Revenue, First Profitable Half

AML3D posted record revenue of A$12.5 million, about $8.9 million, for the fiscal year ended June 30, 2026. That is a 70 percent increase over the prior year. Gross profit reached A$7.8 million with a gross margin of 63 percent. The company still recorded a net loss of A$4.5 million, but it generated positive EBITDA of A$608,000 in the second half. That marks the first time AML3D has achieved EBITDA profitability in a half-year period.

Navy Contracts Drive the Growth

The U.S. defense sector, especially the Navy's Maritime Industrial Base, was the main growth driver. AML3D has signed contracts to deploy 14 ARCEMY systems into the Navy supply chain. It also received two additional orders from U.S. industrial customers.

In June, AML3D completed commissioning of two custom ARCEMY X systems at Newport News Shipbuilding, a division of HII and one of the largest military shipbuilders in the United States. That order was worth about A$4.5 million. A separate order for four more ARCEMY X systems at the same facility is valued at roughly A$9.9 million, with delivery expected in early 2027.

In May, the company delivered a portable ARCEMY system to the U.S. Navy's Additive Manufacturing Center of Excellence in Danville, Virginia, operated by Austal USA. That facility now has three ARCEMY systems in place.

From Printers to Parts

AML3D is not just selling machines anymore. In March, it received a contract worth about A$2.6 million from BlueForge Alliance to manufacture five replacement components for U.S. Navy submarines. One of those parts is no longer in production, so AML3D will produce it in Nickel-Aluminum-Bronze using its Wire Additive Manufacturing process. This shift from equipment sales to parts manufacturing opens a new, recurring revenue stream.

Global Expansion Under AUKUS

Outside the United States, AML3D is pushing into the UK market. During the fiscal year, it continued a material feasibility program with BAE Systems and signed distribution agreements covering the UK and Europe. The company plans to invest A$5 million in a UK Technology Centre. Combined with a planned A$12 million expansion of its U.S. manufacturing capacity in Stow, Ohio, AML3D is committing about A$17 million to new capacity.

The UK move ties directly to AUKUS, the defense partnership between Australia, the United States and the United Kingdom. AML3D now has defense relationships in all three countries and is pursuing additional work linked to the agreement.

Looking Ahead

AML3D enters fiscal year 2027 with A$16.8 million in contracted work, up from A$9 million a year earlier. The global sales pipeline stands at A$78 million. The company ended June with about A$26.7 million in cash to fund expansion. The question now is whether it can convert that pipeline into orders at the same pace it is adding capacity.