Amaero Provides Updated FY2026 Financial Guidance and December Quarter Activity

Core Viewpoint - Amaero Ltd has revised its FY2026 revenue guidance due to delays in U.S. government contracting, but demand remains strong across its powder production and PM-HIP manufacturing sectors [3][5][9]. Operational and Financial Update - The company is experiencing robust demand in powder production and PM-HIP manufacturing, driven by increased customer engagement in defense, aerospace, energy, and advanced manufacturing markets [3]. - The updated FY2026 revenue guidance is set at A$18 million to A$20 million, down from the previous guidance of A$30 million to A$35 million, reflecting a growth of 372% to 425% over FY2025 [5][8]. - Revenue for the December quarter is expected to be approximately A$3.1 million, representing a 390% increase compared to the prior corresponding period [5]. - Contracted revenue of A$9.7 million is secured for the second half of FY2026, with an estimated A$2.5 million to be recognized in Q3 and A$7.2 million in Q4 [5][8]. Outlook - The company enters 2026 with a strong balance sheet and expanded production capabilities, anticipating improved contracting momentum following the resolution of U.S. federal budget appropriations [4]. - Positive AEBITDA is expected in calendar year 2027, reflecting the revised revenue profile and ongoing investments in capacity and qualification programs [5]. Strategic Initiatives - Amaero is scaling up U.S. manufacturing through major capital equipment orders, including an Argon recycling plant and a fourth advanced EIGA Premium atomizer, secured at approximately 60% below earlier cost estimates [6]. - The company has received validation from the U.S. Navy for its PM-HIP manufacturing process as a viable alternative to traditional supply chains [6]. - A strategic partnership with Titomic Limited has resulted in an initial commercial supply order for A$4.6 million of refractory alloy powders [6]. Management Commentary - The Chairman and CEO of Amaero expressed satisfaction with securing contracts totaling A$9.7 million for anticipated revenue in the second half of FY2026, highlighting a projected 30% increase in titanium powder production over the first half of FY2026 [8].