Amaero expects ‘improved contracting momentum’ in 2026

The company said, “Amaero (AMROF) enters calendar year 2026 with a strong balance sheet, contracted revenue visibility, and expanded production capabilities. The Company expects improved contracting momentum following the anticipated resolution of U.S federal budget appropriations, alongside continued policy support for domestic advanced manufacturing and supply chain resilience. Amaero remains focused on disciplined execution, advancing commercial contracts, and scaling production in line with customer demand, with the objective of achieving sustainable positive EBITDA.” Hank Holland, CEO, commented: “We are pleased to have secured contracts for anticipated revenue in the second half of FY2026 that total A$9.7M. Based on realized revenues in 1H and contracted revenue for 2H, we have updated our revenue estimate for FY2026 to A$18M to A$20M, an increase of 372% to 425% over FY2025. For the powder production line of business in 2H FY2026, we have contracts to atomize 6 different refractory alloys and we estimate that titanium powder production will increase by approximately 30% over 1H FY2026. As for the PM-HIP manufacturing line of business, we have 12 different contracts with defense, aerospace, and energy customers. Though we have strong momentum going into CY2026, we had headwinds in the 1st half of CY2025 from full-year Continuing Resolution for FY2025 federal budget and headwinds in Q2/Q3 FY26 due to the record 43-day government shutdown that delayed contracting and revenues. Notwithstanding the headwinds over the past 12 months, the political stalemate resulted in expected increases to the defense budget and in significant reforms to acquisition and procurement policies of the federal government and the Department of War. We expect that the defense budget for FY2026 will be passed by the United States Congress in late January or early February. Securing appropriations coupled with the Administration policies that are focused on streamlining defense contracting and buttressing sovereign manufacturing and supply chains are expected to result in positive tailwinds in CY2027.”