Amaero (3DA) H2 2025 earnings summary

Executive summary

• Achieved first year of material commercial revenue, reaching $3.8 million, up 722% year-over-year, with significant progress in manufacturing, commercial partnerships, and capital structure.

• Commissioned second EIGA Premium atomizer and completed a $28 million facility upgrade, positioning as a leading U.S. supplier of refractory and titanium alloy powders.

• Secured major long-term supply agreements with Velo3D and The Perryman Company, and completed qualification with ADDMAN Group.

• Raised $47 million in equity and secured a $35 million EXIM Bank loan to fund expansion and equipment.

• Ended FY2025 with $19.2 million in cash and $50.7 million in tangible assets, fully funded for the next phase of growth.

Financial highlights

• Revenue from continuing operations increased to $3.8 million from $0.5 million year-over-year.

• Net loss after tax widened to $24.4 million from $18.8 million year-over-year, reflecting ongoing investment in scaling operations.

• Gross profit improved to $1.5 million, with cost of sales at $5.3 million.

• Cash and cash equivalents at year-end were $19.2 million, up from $12.0 million.

• Basic loss per share was (3.92) cents, compared to (4.04) cents in the prior year.

Outlook and guidance

• Expects significant revenue growth in FY2026, with Q1 FY2026 revenue estimated at $5.5 million, a 550% increase over the prior-year period.

• On track to achieve positive EBITDA in FY2027, supported by long-term contracts and strong order visibility.

• Considering a potential direct listing in the United States within the next 12 months.