The Amaero Ltd (ASX: 3DA) share price is in focus after the company posted a 376% jump in full-year revenue to $18.1 million, but also reported a net loss of $36.5 million as it continued to scale its U.S. operations.
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What did Amaero Inc. report?
- Revenue: up 376% to $18.1 million (FY25: $3.8 million)
- Loss after tax: up 49% to $36.5 million (FY25: $24.4 million)
- Net tangible assets per CDI: 7.16 cents (down from 7.60 cents in FY25)
- No dividends declared or paid
- Cash and cash equivalents: $19.4 million at 30 June 2026
What else do investors need to know?
Amaero completed a three-year, $72 million capital investment program on time and on budget, commissioning a third EIGA Premium Atomizer and doubling its titanium powder capacity in the U.S. Production was briefly disrupted in May after a flash fire incident at the Tennessee facility, causing a six-week pause in titanium powder manufacturing; no orders were cancelled and staff was retained.
During the year, the company redomiciled from Australia to the U.S. to better access U.S. capital markets and support opportunities in American defence and manufacturing. Amaero retained its ASX listing via CDIs, and subsequently submitted draft filings with the U.S. SEC for a potential U.S. IPO.
The company secured multi-year supply agreements—including exclusive deals with Velo3D, Titomic, Knust-Godwin, and United Performance Metals—and was awarded a $6.5 million contract from the U.S. Department of War for developing alternative refractory alloy powders.
What did Amaero management say?
Chairman and Chief Executive Officer Hank J. Holland said:
FY2026 was a very strong year of execution and scale-up for Amaero, as we transitioned from building our core capabilities to commercial delivery and revenue growth. We advanced on many fronts – manufacturing, commercial partnerships, financial structure, leadership, and governance – completing our original three-year, A$72 million capital investment program on schedule and on budget, redomiciling the Company to the United States, and growing full-year revenue by 376% to A$18.1 million.
What's next for Amaero?
Amaero is targeting further growth in FY27, with plans to commission a fourth atomizer and an argon recycling system to improve operating margins. The focus remains on fulfilling new and existing long-term contracts across defence, space, aviation and medical sectors.
The board is also seeking to complete a potential U.S. IPO and listing in late 2026 or early 2027, pending market and regulatory conditions. A contracted backlog of $23.1 million provides Amaero with forward revenue visibility over the next year.
Amaero share price snapshot
Over the past 12 months, Amaero shares have declined 49%, trailing the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.
