AML3D Revenue Jumps 70% as US Navy Contracts Start Paying Off

Australian metal 3D printing company AML3D has reported a record financial year, and the reason is simple: the US Navy keeps buying its printers.

The Numbers

For the year ended June 30, 2026, AML3D posted revenue of A$12.5 million (about $8.9 million USD), up 70% on the prior year. Gross profit hit A$7.8 million with a 63% margin. The company still recorded a net loss of A$4.5 million, but it turned EBITDA positive in the second half, its first profitable half-year on that basis.

That matters because metal additive manufacturing companies have spent years burning cash while they waited for defense customers to move from trials to real procurement. AML3D's results suggest that wait is ending, at least for wire-arc systems.

Fourteen ARCEMY Systems Headed for the Navy

AML3D makes the ARCEMY range of industrial metal printers, which use a wire arc additive manufacturing (WAM) process. Instead of metal powder and lasers, the machine feeds metal wire into an electric arc and builds parts layer by layer. It is a practical fit for shipyards: large parts, no powder handling, and familiar welding feedstock.

The company says it has now signed contracts to deploy 14 ARCEMY systems into the US Navy supply chain. In June it commissioned two custom ARCEMY X units at Newport News Shipbuilding, part of HII and one of the largest military shipbuilders in the country. That order was worth about A$4.5 million, and a follow-on order for four more ARCEMY X systems, worth roughly A$9.9 million, is due for delivery in early 2027.

A portable ARCEMY system is also up and running at the Navy's Additive Manufacturing Center of Excellence in Danville, Virginia, operated by Austal USA. The site now runs three of the company's systems.

Beyond Printers, Into Parts

The more interesting shift is in the business model. In March, AML3D landed a roughly A$2.6 million contract from BlueForge Alliance to manufacture five replacement components for US Navy submarines, including a part that is no longer made anywhere. Those will be produced in Nickel-Aluminum-Bronze, a classic marine alloy that welders and casters know well.

Selling parts is a different game than selling machines. Recurring revenue, tighter margins, and a direct line into the Navy's sustainment budget. If AML3D can keep winning part-level contracts, it stops being a printer vendor and becomes a supplier.

Defense Is Not the Only Customer

The company is also placing systems outside the military. During the year it deployed an ARCEMY unit to the Tennessee Valley Authority for power generation repair work and commissioned another at FasTech, which serves the defense, aerospace, and energy sectors.

The Bigger Picture

AML3D is one of a small group of wire-arc specialists, alongside players like Meltio and Lincoln Electric's Additive Solutions arm, that have bet on the US maritime industrial base. The bet is paying off. The Navy has a documented spare parts problem, ship maintenance backlogs are politically visible, and wire-arc printing offers a way to produce large marine components without waiting months for castings.

A 70% revenue jump and first positive EBITDA do not make AML3D profitable yet. But they do show that defense additive manufacturing has moved past the demonstration phase and into genuine procurement. Expect more of these financial reports to look like this one.