Amaero (3DA) H1 2026 earnings summary

Executive summary

• Revenue for the half-year ended 31 December 2025 rose 367.3% year-over-year to A$7.76 million, driven by powder sales and PM-HIP manufacturing services.

• Net loss after tax increased 38.4% year-over-year to A$15.35 million, with a total comprehensive loss of A$17.49 million, including A$2.15 million in foreign currency translation losses.

• Major capital raise of A$50.5 million completed via placement and share purchase plan, strengthening liquidity for growth initiatives.

• Key strategic agreements signed with Titomic and Knust-Godwin, and initial purchase orders received from Velo3D.

• U.S. Navy issued a Letter of Support validating PM-HIP manufacturing as a viable alternative to castings and forgings.

Financial highlights

• Revenue: A$7.76 million (up 367.3% year-over-year).

• Net loss after tax: A$15.35 million (vs. A$11.09 million prior year).

• Gross profit: A$1.46 million (vs. A$86,999 prior year).

• Cash and EXIM Bank collateral deposit at period end: A$52.6 million (vs. A$19.2 million at 30 June 2025).

• Net tangible assets per share: 9.3 cents (vs. 7.6 cents prior year).

Outlook and guidance

• FY2026 revenue guidance revised to A$18–20 million (previously A$30–35 million) due to timing delays in contract awards and U.S. government funding uncertainty.

• Underlying demand and long-term program pipelines remain intact despite short-term delays.