Amaero (3DA) Q4 2026 TU earnings summary

Executive summary

• FY2026 revenue reached AUD 18.1 million, up 376% year-over-year, with record Q4 revenue of AUD 7.8 million, aligning with guidance and driven by new commercial agreements and expanded capacity.

• Completed a three-year capital investment program, commissioning a third atomizer and scaling powder production capacity to 680 metric tons per year.

• Entered FY2027 with a contracted backlog of AUD 23.1 million, including AUD 8.5 million in new contracts since June 30 and AUD 12.9 million scheduled for completion by December 2026.

• Completed U.S. redomiciliation, PCAOB audit, and confidential SEC registration for a potential U.S. IPO, enhancing access to capital and eligibility for federal contracts.

• Resolved operational incidents at the Tennessee facility with a comprehensive safety review and resumed production after a six-week pause.

Financial highlights

• FY2026 revenue was AUD 18.1 million, with Q4 revenue of AUD 7.8 million, up 417% year-over-year; powder contributed 86% and PM-HIP 14% of full-year revenue.

• Backlog at year-end was AUD 23.1 million, supporting revenue visibility, with 26 unique customers and both powder and PM-HIP contracts.

• Cash position at June 30 was AUD 25.2 million, pro forma AUD 29.9 million after expected EXIM disbursement.

• Capital investment of approximately AUD 80 million deployed over three years, completed on time and on budget.

• Financing activities provided AUD 6.7 million net cash in Q4, with total available funding of AUD 24.8 million.

Outlook and guidance

• Backlog provides revenue visibility into FY2027, with over 80% from long-term agreements and AUD 1.3 million in titanium powder orders deferred to Q1 FY2027.

• Powder production capacity expected to increase to 920 metric tons in 2027, with argon gas recycler and fourth atomizer scheduled for commissioning in early and mid-2027.

• FY2027 priorities include executing supply agreements, advancing customer qualifications, expanding submarine component qualifications, and progressing U.S. IPO plans.

• No further financial guidance provided due to SEC registration process.