Australian metal 3D printing company AML3D Limited has recorded its first-ever half-year profit, booking EBITDA of $608,000 for the six months to 30 June 2026, as the company closed out a financial year in which revenue climbed 70% to a record $12.5 million.
The manufacturer, whose ARCEMY systems use its patented Wire Additive Manufacturing (WAM) process, said the profitable half capped a year in which its order book peaked at $29 million, comprising $20 million in new orders on top of $9 million carried over from the prior year. The company now enters FY27 with $16.8 million of contracted work already secured, almost double the $9 million rollover it carried into FY26, and an estimated $78 million global sales pipeline at year-end.
US Navy Demand Drives Order Growth
The surge in orders was driven largely by AML3D’s expansion into the US Defence sector, specifically the US Navy‘s Maritime Industrial Base program. The company said it has gone from a standing start in 2023 to signing contracts for 14 ARCEMY systems destined for the Navy’s supply chain, alongside two further systems for high-value US industrial manufacturing customers. During FY26, AML3D also signed a separate $2.6 million contract to supply non-safety-critical replacement components for US Navy submarines.
Beyond the Navy work, the company pushed into new customer sectors during the year. Following a competitive tender, AML3D installed its first ARCEMY system with the Tennessee Valley Authority to support the federally owned utility’s power generation repair fleet, TVA is the largest public utility in the United States. A separate first-of-its-kind deployment went to US industrial manufacturer FasTech, which supplies parts across the Defence, Aerospace and Energy sectors.
AML3D also established a foothold in the UK defence market during FY26, progressing a material feasibility program with BAE Systems and signing UK and European distribution agreements. The company noted this gives it defence-sector relationships across all three AUKUS partner nations, Australia, the UK and the US, and said it is working with all three to pursue additional AUKUS-linked contracts. It has also been onboarded to the AUKUS Vendor Qualification (DIVQ) Program.
Balance Sheet Funds Capacity Expansion
AML3D finished the year with $26.7 million in cash at bank, which the company says gives it the financial capacity to fund its FY27 growth plans. Chief among them is a $12 million investment, described later in the release as $17 million when combined with UK spending, to double manufacturing capacity in the United States. The company also plans to commit $5 million to a new UK Technology Centre to serve UK and European demand, and will finalise a $2.24 million next-generation manufacturing technology program in Australia.
Managing Director Sean Ebert said the diversification beyond core Defence work was beginning to pay off. “The 2026 financial year saw rapid growth in ARCEMY system installations and component manufacturing in the USA. It is encouraging to see our strategy of moving beyond the US Defence market begin to gain traction. During the year, we achieved record revenue growth and delivered our first profitable half-year in the second six months.”
Ebert said the momentum had carried into the new financial year. “Demand that supported our FY26 performance has continued into FY27. While we continue to deliver the $16.8 million orders in hand, we are also working to convert our $78 million global sales pipeline and have visibility on potential near-term contracts in the US and the UK.”
AML3D said its combination of secured orders, pipeline size and cash reserves positions it to pursue further growth across Australia, the US and the UK through FY27.
The Moves the Financials Don’t Show
Beyond the contract figures already in the results, AML3D’s last 18 months have been about building the infrastructure and credibility to back up those numbers. Austal USA purchased an ARCEMY Small Edition system for the Navy’s Additive Manufacturing Center of Excellence in Danville, Virginia, and HII ordered four ARCEMY X systems for Newport News Shipbuilding, deals that sit alongside the 14-system Navy supply chain figure already reported.
AML3D also spent the period shoring up the technical case for its process: it retained AS9100D, DNV, and Lloyd’s Register certifications covering roughly two-thirds of the global class-certified marine market, and advanced a $2.24 million multi-robot, twin-wire deposition project aimed at printing larger parts faster with less waste. On governance, it brought Frederick J. Stefany, the Navy’s former Maritime Industrial Base program manager, onto AML3D USA’s board, a hire that reads as much like a credibility signal to future Navy and allied buyers as a governance decision.
Together, these are the pieces that made the FY26 order book possible.
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Featured image shows ARCEMY X systems installed at Newport News Shipbuilding. Photo via AML3D.
