Amaero Ltd, (ASX:3DA) (OTCQX: AMROF), a producer of refractory and titanium alloy spherical powders and producer of near-net-shape parts together with Powder Metallurgy Sizzling Isostatic Urgent (PM-HIP) companies, reported income of A$7.76 million for the half-year ended 31 December 2025. Income elevated 367% from A$1.66 million within the prior corresponding interval. Income comprised A$6.74 million from powder gross sales and A$1.02 million from PM-HIP manufacturing companies.
Regardless of larger gross sales, the corporate recorded a complete lack of A$17.49 million for the half-year. Outcomes included international forex translation losses of A$2.15 million, attributed to the weakening of the U.S. greenback relative to the Australian greenback throughout the interval.
Persevering with actions included manufacturing of refractory and titanium alloy spherical powders and manufacture of near-net-shape elements for mission-critical functions throughout protection, house, aviation, medical, and industrial markets.
Operational output elevated throughout the reporting interval, with larger powder shipments and atomization volumes. Amaero entered binding buy contracts for a devoted Argon recycling plant and a fourth superior EIGA Premium atomizer. Firm disclosures state that the recycling system, as soon as commissioned, is anticipated to cut back Argon prices by roughly 80%. Filings additionally point out that the plant was secured at roughly 60% beneath earlier price estimates. The extra atomizer is meant to develop powder manufacturing capability.
Strategic agreements progressed throughout the half-year. The corporate entered unique long-term provider and growth agreements with Titomic Restricted and Knust-Godwin. In December, Titomic issued a A$4.6 million buy order for refractory powders below a five-year unique provide and growth settlement, with shipments scheduled for FY2026.
Technical qualification milestones additionally superior. The United States Division of the Navy issued a Letter of Help recognizing Amaero’s PM-HIP manufacturing functionality as a viable and technically mature various to conventional casting and forging strategies. Firm filings state that the popularity adopted prolonged technical engagement and addresses provide chain constraints affecting the maritime and protection industrial base. Collaboration actions with aerospace and protection counterparties additionally expanded throughout the interval.
Capital exercise included issuance of 126,175,000 totally paid strange shares below a A$50 million Placement and follow-on Share Buy Plan (SPP), producing gross proceeds of roughly A$50.5 million at A$0.40 per share. Amaero additionally commenced buying and selling on the OTCQX Greatest Market and applied adjustments to its govt and technical management workforce.
On 15 January 2026, the Tennessee-based powder producer revised FY2026 income steering to A$18 million to A$20 million. Administration attributed timing delays in contract awards and income recognition to prolonged U.S. persevering with decision funding uncertainty and a short lived 43-day federal authorities shutdown.
Hank J. Holland, Chairman and CEO, stated the December quarter marked a transition from commissioning to scaled industrial exercise. “The December Quarter represented a seamless transition from the construct out and commissioning part to commercialization and scaling income part,” he said, including that capital investments and the Navy’s validation assist expanded U.S. manufacturing functionality and industrial conversion efforts.
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