Amaero lowers FY26 revenue view A$18M-A$20M from A$30M-A$35M

Amaero (AMROF) provides an update to its FY2026 financial guidance and December quarter activity. Highlights: Updated FY26 revenue guidance of A$18M to A$20M, reflecting strong underlying demand and timing impacts from delayed U.S government contracting activity. This compares with prior guidance of FY26 of A$30M to A$35M. FY26 revenue guidance implies growth of 372% to 425% over FY25. December quarter revenue expected to be approximately A$3.1M, a 390% increase over prior corresponding period. 1H26 revenue expected to total approximately A$7.7M, a 366% increase over prior corresponding period. Contracted revenue of A$9.7M secured for 2H26. Based on program planning, it’s estimated that approximately A$2.5M of contracted revenue would be recognized in Q3 and approximately A$7.2M would be recognized in Q4. Cash balance as of 31 December estimated at approximately A$52.6M, including restricted cash of approximately A$5M. The end cash balance reflects an increase of approximately A$1.7M over the September quarter end. Positive AEBITDA expected in calendar year 2027, reflecting the revised revenue profile and continued investment in capacity and qualification programs.