AML3D’s (ASX: AL3) growing U.S. defense business helped push revenue to a record for the financial year that ran from July 2025 through June 2026. The Australian metal 3D printing company also reached EBITDA profitability for the first time during the second half.
The company reported A$12.5 million ($8.9 million) in revenue, including lease income, for the full year ended June 30, 2026, up 70% from the previous year. Gross profit reached A$7.8 million ($5.6 million), with a gross margin of 63%. AML3D still posted a net loss of A$4.5 million ($3.2 million). However, the company recorded positive EBITDA of A$608,000 ($434,507) during the second half of the year. That was AML3D’s first EBITDA-positive half-year.
The results show that the company’s expansion into U.S. defense is beginning to have a greater impact on its business. AML3D said demand from the U.S. defense sector, and especially the U.S. Navy’s Maritime Industrial Base, was a major driver of its FY2026 performance.
AML3D makes ARCEMY industrial metal 3D printing systems. The machines use the company’s Wire Additive Manufacturing (WAM) process to produce large metal parts. Instead of using metal powder and lasers, the process feeds metal wire into an electric arc and deposits the melted material layer by layer.
U.S. Navy Work Drives Growth
AML3D has spent the past several years building its position in the U.S. Navy supply chain. In fact, the company says it has now signed contracts to deploy 14 ARCEMY systems into the Navy’s supply chain. It also received two additional system orders from U.S. industrial customers. And some of those systems are already in operation.
In June, AML3D completed the 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. The order was worth about A$4.5 million ($3.2 million). Another four ARCEMY X systems are being supplied to Newport News Shipbuilding under a separate order worth about A$9.9 million ($7.1 million). Those systems are expected to be delivered in early 2027.
AML3D has also installed systems elsewhere in the Navy supply chain. In May, the company delivered a portable ARCEMY system to the U.S. Navy’s Additive Manufacturing Center of Excellence in Danville, Virginia. The facility is operated by Austal USA, and now has three ARCEMY systems there.
The company is also starting to generate business from outside defense. During FY2026, it deployed an ARCEMY system to the Tennessee Valley Authority for power generation repair work. Another system was commissioned at FasTech, which supplies parts to the defense, aerospace and energy sectors.
Moving From Printers to Parts
AML3D’s Navy business is also expanding beyond selling 3D printers. In March, the company received a roughly A$2.6 million (1.9 million) contract from BlueForge Alliance to manufacture five replacement components for U.S. Navy submarines. The parts include a component that is no longer manufactured. So AML3D will produce them in Nickel-Aluminum-Bronze using its ARCEMY technology.
This gives the brand another way to generate revenue from its technology. Instead of only selling ARCEMY systems, AML3D can also use those systems to manufacture parts for customers. AML3D offers other sources of revenue as well, including software licenses, technical support, consumables and engineering services.
Portable Arcemy system delivered to AMCoE. Image courtesy of Austal USA
AML3D is now spending heavily to support further growth. It plans to invest A$12 million ($8.6 million) to double its U.S. manufacturing capacity. Its U.S. Technology Center is located in Stow, Ohio, and is being expanded to support expected demand from defense and other industrial customers.
Beyond the U.S., AML3D is expanding into the UK. During FY2026, the company continued a material feasibility program with BAE Systems and signed distribution agreements covering the UK and Europe. It has plans to invest another A$5 million ($3.6 million) in a UK Technology Centre. Combined with the U.S. expansion, the company is planning about A$17 million ($12.1 million) in new capacity.
The UK move also connects to AUKUS, the defense partnership between Australia, the United States and the United Kingdom. AML3D now has defense relationships in all three countries and says it is pursuing additional work connected to AUKUS.
ARCEMY metal 3D printing a test wall with Wire-arc Additive Manufacturing (WAM). Image courtesy of AML3D.
AML3D enters fiscal year 2027 with A$16.8 million ($12 million) of contracted work, up from A$9 million ($6.4 million) a year earlier. It also reported an A$78 million ($55.7 million) global sales pipeline, although that represents potential business rather than confirmed orders, of course. The company ended June with about A$26.7 million ($19.1 million) in cash to support its expansion.