AML3D Reports Record A$16.5M Orders as U.S. Defense Work Expands

Australian metal additive manufacturing firm AML3D (ASX: AL3) has reported approximately A$16.5 million ($11.7 million) in orders in hand for the half-year ending December 31, 2025, positioning the company for a potentially record-breaking second half of fiscal year 2026.

Revenue Delays, Not Cancellations

While only A$3.25 million ($2.3 million) of those orders were recognized as revenue during the period—down roughly 30% from the prior year—the company says the decline was due to delays in raw materials and project timeline extensions, not order cancellations. The expected revenue has simply shifted into the second half of FY26.

"The orders are there; the revenue is just coming later," the company stated.

U.S. Defense Driving Growth

About 87% of AML3D's first-half revenue came from U.S. customers, reflecting the company's growing focus on defense and shipbuilding applications. Key projects include contracts for submarine components for the U.S. Navy, naval shipbuilding components for major U.S. shipbuilders, work with BAE Systems using Nickel Aluminum Bronze WAAM-produced parts, and projects with Boeing via AML3D's Arcemy WAM printer.

WAAM Technology: The Advantage

At the heart of AML3D's offering is its proprietary Wire Arc Additive Manufacturing (WAM) technology. Unlike powder-based metal 3D printing processes, WAAM uses welding wire as feedstock, building large metal structures layer by layer using an electric arc.

This approach offers several advantages for large-scale industrial applications: cost-effective for large parts by avoiding expensive powder handling, reduced material waste compared to traditional manufacturing, ideal for structural components in stainless steel, nickel alloys, and high-performance materials, and is particularly suited for naval shipbuilding, utilities infrastructure, and defense.

Looking Forward

With defense spending rising globally and naval upgrade programs underway, AML3D is positioning itself to supply large metal components for essential defense projects. The company is also expanding into U.S. utilities and the UK defense market.

Many governments are increasingly focused on domestic production of critical parts rather than depending on long overseas supply chains—a shift that plays directly into AML3D's strengths with large-scale metal 3D printing.