Amaero Forecasts A$30-35M Revenue in FY2026, Up to 9x Growth
Amaero Ltd has updated its FY2026 financial guidance, forecasting revenue between A$30 million and A$35 million; a staggering 800%-900% increase year-over-year; and announced a A$50 million capital raise to expand production capacity and reduce costs.
- FY2026 revenue guidance raised to A$30-35 million, up 800%-900%
- Q1 FY2026 revenue estimated at A$5.5 million, a 550% increase year-over-year
- A$50 million capital raise approved to fund growth investments
- Plans to commission 4th advanced EIGA Premium atomizer by mid-2027
- A$15 million Argon gas recycling system to cut production costs by ~10%
A Bold Revenue Leap
Amaero Ltd (ASX – 3DA) has delivered a striking update to its financial outlook, projecting FY2026 revenues between A$30 million and A$35 million. This represents an extraordinary 800%-900% increase compared to the previous fiscal year, underscoring the company’s rapid growth trajectory in the advanced materials sector.
The company’s Q1 FY2026 revenue estimate of A$5.5 million alone marks a 550% jump from the same period last year, signaling strong momentum early in the fiscal year. This surge reflects Amaero’s expanding footprint as a leading U.S. domestic producer of high-value refractory and titanium alloy powders, critical inputs for defense, aerospace, and medical manufacturing.
Strategic Capital Deployment
To sustain and accelerate this growth, Amaero’s board has authorized a substantial A$50 million capital raise. These funds will fuel key long-term investments, including the commissioning of a fourth advanced EIGA Premium atomizer by June 2027. This addition is expected to significantly boost production capacity and further entrench Amaero’s first-mover advantage in the U.S. market.
Alongside capacity expansion, the company is investing A$15 million in a fully integrated Argon gas recycling system. This initiative aims to reduce Argon consumption; a major cost driver in powder production; by recycling the inert gas. Amaero estimates this will lower the unit cost of spherical titanium powder by approximately 10%, with a payback period of just 2 to 2.5 years, enhancing both cost efficiency and environmental sustainability.
Building a Competitive Moat
Chairman and CEO Hank J. Holland emphasized the company’s disciplined capital allocation and strategic partnerships focused on national security and sovereign manufacturing challenges. Since May 2022, Amaero has raised nearly A$100 million in equity capital, maintaining a robust balance sheet with approximately A$70 million in tangible assets and cash as of June 30, 2025.
These investments position Amaero not just as a supplier but as a critical enabler of advanced manufacturing supply chains in sectors where domestic production is increasingly vital. The company’s pioneering gas atomization technology and powder metallurgy hot isostatic pressing (PM-HIP) capabilities provide a technological edge that supports large-scale, near-net-shape components with superior material properties.
Looking Ahead
With the commissioning of the new atomizer and Argon recycling system on the horizon, Amaero is setting the stage for sustained revenue growth beyond FY2026, particularly in FY2028 and FY2029. The company’s focus on scaling capacity while reducing unit costs could translate into stronger margins and enhanced competitiveness in a market with growing demand for domestically produced advanced powders.
Bottom Line?
Amaero’s aggressive growth and capital expansion plans signal a transformative phase, but execution risks and market dynamics will be key to watch.
Questions in the middle?
- Will Amaero successfully complete the A$50 million capital raise on schedule?
- How will the commissioning timeline of the 4th atomizer impact FY2027 and FY2028 revenue?
- What are the potential risks or delays associated with the Argon gas recycling system implementation?
