Australian 3D metal printing company AML3D Limited reported a 20% surge in full-year cash receipts for fiscal 2026, driven by expanding defence operations and system installations for the U.S. Navy and its major shipbuilders.
In its quarterly activity and cash flow report filed with the Australian Securities Exchange (ASX), the company posted cash receipts of $3.5 million Australian dollars (US$2.3 million) for the quarter ending June 30, bringing total annual receipts to 10.4 million Australian dollars.
The Adelaide-based technology firm closed the financial year with a record order book that peaked at 29 million Australian dollars. AML3D said 16.8 million Australian dollars in signed orders will roll over into fiscal 2027, backed by a global sales pipeline estimated at 78 million Australian dollars.
The financial results reflect AML3D’s aggressive expansion into the U.S. defense sector. The company manufactures industrial metal 3D printing systems known as ARCEMY, which utilise its proprietary Wire Additive Manufacturing (WAM) technology to produce large-scale parts on demand. Key operational milestones completed during the fourth quarter include:
- Shipbuilder Deployment: Final commissioning of the initial ARCEMY systems at Newport News Shipbuilding, the largest military shipbuilder in the United States, as part of an ongoing order fleet.
- Naval Support: Delivery of the company’s first portable, containerised ARCEMY unit to the U.S. Navy’s Additive Manufacturing Center of Excellence in Danville, Virginia, operated by Austal USA.
- Defence Suppliers: Operational handover of a $1.6 million Australian dollar system to U.S. defence supplier FasTech.
- Submarine Fleet Parts: Commencement of work on a $2.6 million Australian dollar contract to manufacture non-safety critical replacement components for U.S. Navy submarines that are no longer supported by original manufacturers.
To support rising U.S. Navy demand across submarine and surface vessel supply chains, AML3D is progressing a $12 million Australian dollar investment program to double the capacity of its facility in Stow, Ohio. The company deployed an initial $1.5 million Australian dollars toward the Stow expansion during the quarter.
AML3D also strengthened its U.S. board during the period by appointing retired U.S. Navy Rear Adm. David Goggins as an advisor. Goggins, who previously directed submarine design and construction for the U.S. Navy and served as a special assistant for the AUKUS security pact, joins former U.S. Navy Additive Manufacturing Director Larissa Smith on the advisory panel.
Beyond the United States, AML3D is targeting European defence markets. The company has earmarked $5 million Australian dollars to establish a European Technology Centre, likely in the United Kingdom, following test block contracts with BAE Systems.
AML3D closed the financial year with $26.7 million Australian dollars in cash and cash equivalents, which management stated provides sufficient runway to fund global expansion plans and ongoing research programs.
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