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Amaero International Ltd
(Sydney:3DA)
Amaero International Ltd (3DA) vs. iShares MSCI Australia ETF (EWA)
Amaero International Ltd Business Overview & Revenue Model
Amaero International Ltd Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.91M | 3.81M | 463.86K | 790.51K | 569.83K | 504.14K |
| Gross Profit | -5.22M | -1.47M | 124.26K | 122.71K | -141.00K | 79.33K |
| EBITDA | -26.61M | -22.93M | -17.07M | -10.76M | -8.13M | -6.16M |
| Net Income | -28.70M | -24.43M | -18.79M | -12.53M | -8.62M | -6.99M |
Balance Sheet | ||||||
| Total Assets | 138.29M | 91.08M | 50.11M | 18.25M | 21.86M | 19.15M |
| Cash, Cash Equivalents and Short-Term Investments | 47.59M | 19.22M | 11.99M | 8.83M | 11.12M | 11.47M |
| Total Debt | 54.51M | 21.67M | 16.07M | 1.64M | 5.45M | 2.71M |
| Total Liabilities | 48.36M | 36.85M | 20.69M | 3.29M | 7.18M | 4.00M |
| Stockholders Equity | 89.93M | 54.23M | 29.43M | 14.96M | 14.67M | 15.15M |
Cash Flow | ||||||
| Free Cash Flow | -58.14M | -42.78M | -24.83M | -12.38M | -11.11M | -5.24M |
| Operating Cash Flow | -27.08M | -17.03M | -12.60M | -10.82M | -7.96M | -4.88M |
| Investing Cash Flow | -31.41M | -26.01M | -12.60M | -819.71K | -3.18M | -678.15K |
| Financing Cash Flow | 90.48M | 50.14M | 28.45M | 8.96M | 10.69M | 12.98M |
Amaero International Ltd Technical Analysis
Amaero International Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | AU$55.09M | 9.85 | 20.77% | 4.55% | 66.80% | 625.00% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | AU$247.67M | -6.90 | -59.01% | ― | 722.02% | -0.77% | |
54 Neutral | AU$95.39M | -4.96 | 5.66% | 1.28% | -14.88% | -56.89% | |
50 Neutral | AU$30.88M | -6.04 | -264.05% | ― | 327.10% | 1.01% | |
44 Neutral | AU$369.99M | -17.81 | -171.79% | ― | -27.57% | 24.54% | |
41 Neutral | AU$85.64M | -10.58 | -35.18% | ― | 0.88% | 4.88% |
Amaero International Ltd Corporate Events
Amaero has agreed a scheme implementation deed with newly formed Delaware corporation Amaero Inc., under which it plans to re-domicile its corporate parent from Australia to the United States via shareholder and option-holder schemes of arrangement. If approved, Amaero US HoldCo will become the ultimate parent, Amaero shares will be exchanged for CHESS depositary interests in the U.S. entity on a like-for-like economic basis, existing options will be mirrored in the new structure, and the group’s underlying operations and strategy will continue unchanged.
The board argues the move will position Amaero within a larger U.S. defence and sovereign manufacturing market, broaden access to U.S. investors, lower-cost capital and potential M&A opportunities, and better prepare the company for a possible U.S. IPO in late 2026 or early 2027. The schemes require court, regulatory and securityholder approvals, with an independent expert’s report and a detailed scheme booklet expected in April 2026 and voting targeted for June 2026, after which completion is aimed for by the end of that month.
The most recent analyst rating on (AU:3DA) stock is a Hold with a A$0.28 price target. To see the full list of analyst forecasts on Amaero International Ltd stock, see the AU:3DA Stock Forecast page.
Amaero Ltd has notified the market of the issue of 4,443,780 unquoted options under its employee incentive scheme, recorded under the ASX security code 3DAABL. These options, which have various exercise prices and expiry dates, were issued on 20 February 2026 and are subject to transfer restrictions, meaning they will not be quoted on the ASX until those restrictions lapse.
The transaction underscores Amaero’s use of equity-based remuneration to align employees and key personnel with shareholder interests. By expanding its pool of unquoted, incentive-based options, the company may strengthen staff retention and motivation, although the eventual exercise of these options could have a dilutive effect on existing shareholders’ holdings once restrictions end.
The most recent analyst rating on (AU:3DA) stock is a Hold with a A$0.28 price target. To see the full list of analyst forecasts on Amaero International Ltd stock, see the AU:3DA Stock Forecast page.
Amaero Ltd has notified the Australian Securities Exchange of the cessation of a tranche of its listed options, recorded under the security code 3DAABL. The company confirmed that 170,000 options, described as expiring on various dates at various prices, ceased to exist effective 11 February 2026, reflecting a routine adjustment to its issued capital base.
The cessation of these options represents a minor technical change rather than a shift in Amaero’s underlying operations or strategy. However, it slightly simplifies the company’s capital structure and may have marginal implications for dilution expectations among existing shareholders, depending on the scale of remaining outstanding options.
The most recent analyst rating on (AU:3DA) stock is a Hold with a A$0.29 price target. To see the full list of analyst forecasts on Amaero International Ltd stock, see the AU:3DA Stock Forecast page.
Amaero Ltd has notified the market of the issue of 170,000 unquoted options under its employee incentive scheme, with various exercise prices and expiry dates and an issue date of 16 January 2026. The move underscores the company’s use of equity-based incentives to reward and retain key personnel, potentially diluting existing holders modestly while reinforcing long-term alignment between employees and shareholders.
The notification, lodged as an Appendix 3G with the ASX on 9 February 2026, confirms that these options will not be quoted on the exchange and are classified as other securities under the incentive plan. While the transaction is relatively small in scale, it reflects ongoing capital management and governance practices that can influence Amaero’s cost structure, talent retention and overall shareholder engagement.
The most recent analyst rating on (AU:3DA) stock is a Hold with a A$0.31 price target. To see the full list of analyst forecasts on Amaero International Ltd stock, see the AU:3DA Stock Forecast page.
Amaero Ltd has issued a total of 5,768,407 unquoted options under its employee incentive scheme, split between 5,268,407 options dated 16 January 2026 and 500,000 options dated 23 December 2025, all expiring on various dates and exercisable at various prices. The move increases the pool of equity-based incentives for staff, signalling the company’s continued use of options to retain and motivate employees and potentially aligning workforce rewards with long-term shareholder value as these instruments vest and are exercised over time.
The most recent analyst rating on (AU:3DA) stock is a Hold with a A$0.37 price target. To see the full list of analyst forecasts on Amaero International Ltd stock, see the AU:3DA Stock Forecast page.
Amaero Ltd, listed on the ASX under code 3DA, has reported changes to its issued capital through the cessation of certain option securities. The company has not provided additional context on its industry, core operations or market focus in this filing.
Amaero has notified the market that a total of 1,734,105 options, described as “OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES” under code 3DAABL, have lapsed after conditions attached to these rights were not satisfied or became incapable of being met, with cessation dates between 23 December 2025 and 13 January 2026. The lapses reduce the pool of potential future shares that could be issued upon exercise, marginally simplifying the company’s capital structure and removing a portion of potential equity dilution for existing shareholders.
The most recent analyst rating on (AU:3DA) stock is a Hold with a A$0.37 price target. To see the full list of analyst forecasts on Amaero International Ltd stock, see the AU:3DA Stock Forecast page.
Amaero Ltd has released an investor presentation ahead of a non-deal roadshow planned for January 2026, outlining its position as a leading domestic U.S. producer of refractory and titanium alloy spherical powders and near-net-shape parts for mission-critical components. The document is presented as confidential background information for qualified investors, emphasizing that it is not an offer or solicitation for securities, that the financial data may include non-GAAP measures, and that market and forward-looking information is subject to significant uncertainty and change, thereby underscoring the need for investors to conduct their own due diligence and seek independent advice.
The most recent analyst rating on (AU:3DA) stock is a Hold with a A$0.37 price target. To see the full list of analyst forecasts on Amaero International Ltd stock, see the AU:3DA Stock Forecast page.
Amaero reported a sharp acceleration in its growth trajectory for the first half of FY2026, with revenue rising 366% year-on-year to A$7.7 million and full-year revenue now guided to A$18–20 million, supported by A$9.7 million in contracted revenue for the second half and a strengthened cash position of A$52.6 million. The company executed key capital investments to scale its U.S. manufacturing footprint, including purchase contracts for an Argon recycling plant and a fourth advanced atomiser that will expand powder production capacity and materially lower unit costs, while securing the Argon plant at roughly 60% below previous cost estimates to improve capital efficiency. Operationally, Amaero increased powder shipments and atomisation output, advanced manufacturing optimisation, and received a Letter of Support from the U.S. Navy validating its PM-HIP process as a viable alternative to traditional casting and forging, bolstering its standing in defense supply chains. The conversion of a strategic partnership with Titomic into a A$4.6 million refractory powder order marked a key step toward recurring commercial supply in FY2026, reinforcing the company’s transition from build-out to scaled commercialisation and its broader ambitions to capitalise on U.S. policy support for re-shoring critical industrial capabilities.
The most recent analyst rating on (AU:3DA) stock is a Hold with a A$0.28 price target. To see the full list of analyst forecasts on Amaero International Ltd stock, see the AU:3DA Stock Forecast page.
Amaero has revised its FY2026 revenue guidance down to A$18 million–A$20 million from a previous A$30 million–A$35 million, citing timing delays in U.S. government contract awards caused by funding uncertainty and a prolonged federal shutdown, while still projecting revenue growth of more than 370% over FY2025. The company reported strong December quarter and first-half FY2026 revenue growth, secured A$9.7 million in contracted revenue for the second half, strengthened its balance sheet to an estimated A$52.6 million in cash, advanced major U.S. capacity investments with non-dilutive EXIM financing, converted key partnerships into commercial orders, and received formal validation from the U.S. Navy for its PM-HIP process, positioning it to benefit from expected improvements in U.S. defense budgeting and procurement and to progress toward sustainable positive EBITDA in coming years.
The most recent analyst rating on (AU:3DA) stock is a Hold with a A$0.25 price target. To see the full list of analyst forecasts on Amaero International Ltd stock, see the AU:3DA Stock Forecast page.
Amaero Ltd has reported the lapse of 282,600 listed options (ASX code 3DAABL), which were due to expire on various dates at various exercise prices. The options have ceased because the conditions required for exercising these rights were not met or have become incapable of being satisfied, resulting in a modest reduction in potential future dilution for shareholders and a slight simplification of the company’s capital structure.
The most recent analyst rating on (AU:3DA) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Amaero International Ltd stock, see the AU:3DA Stock Forecast page.
Amaero Ltd has issued 5,303,000 unquoted options under its employee incentive scheme, with these securities not intended to be quoted on the ASX. The move increases the company’s pool of employee-related equity, signalling an ongoing use of equity-based remuneration to attract and retain key staff, which may influence future dilution for existing shareholders while aligning employee incentives with long-term company performance.
The most recent analyst rating on (AU:3DA) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Amaero International Ltd stock, see the AU:3DA Stock Forecast page.
Amaero Ltd has applied for quotation on the ASX of 412,145 new fully paid ordinary shares under its ticker 3DA, following the exercise or conversion of existing options or other convertible securities. The additional shares, issued on 23 December 2025, will modestly increase the company’s free float and share base, providing added liquidity for investors while reflecting the take-up of previously granted equity instruments by holders.
The most recent analyst rating on (AU:3DA) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Amaero International Ltd stock, see the AU:3DA Stock Forecast page.
Amaero has secured a A$4.6 million purchase order from Titomic Limited for refractory alloy powders under their previously announced five-year exclusive supply and development agreement for refractory and titanium spherical powders. The powders, to be shipped in the third and fourth quarters of FY2026, will support a Titomic development program with a leading defence prime contractor, with Amaero also committing A$2.3 million towards program development expenses. The deal underlines Amaero’s strategy of investing in high-barrier, strategically important materials and partnering with technology peers to address supply chain and national security challenges, positioning the company as a key domestic supplier of specialised metal powders for defence, aerospace and advanced manufacturing applications.
The most recent analyst rating on (AU:3DA) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Amaero International Ltd stock, see the AU:3DA Stock Forecast page.
Amaero International Ltd announced the cessation of 500,000 securities due to the lapse of conditional rights that were not or could not be satisfied. This announcement may affect the company’s capital structure and could have implications for stakeholders regarding the company’s financial strategies and market positioning.
The most recent analyst rating on (AU:3DA) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Amaero International Ltd stock, see the AU:3DA Stock Forecast page.
Amaero International Ltd has received a Letter of Support from the United States Navy, validating its PM-HIP manufacturing technology as a viable alternative to traditional casting and forging processes. This endorsement highlights the technology’s potential to address long lead times and capacity constraints in the Maritime Industrial Base. The 18-month collaboration with the Navy has demonstrated Amaero’s strong technical capabilities and positions PM-HIP as a critical component in improving the resilience and scalability of domestic manufacturing, particularly in the defense sector. The support from the Navy signifies a significant step towards adopting advanced manufacturing technologies to meet future production goals, such as the three submarine per year target by 2028.
The most recent analyst rating on (AU:3DA) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Amaero International Ltd stock, see the AU:3DA Stock Forecast page.
Amaero International Ltd has announced significant advancements in its growth initiatives by securing major equipment orders, including a fourth EIGA Premium atomizer and an Argon recycling plant. The revised Argon project is expected to reduce costs by 60% and improve early-stage margin contribution, while the new atomizer will enhance U.S. powder production capacity. These developments are part of Amaero’s A$72 million capital investment plan, which remains on budget and on schedule, and are expected to strengthen the company’s competitive position and operational efficiency.
The most recent analyst rating on (AU:3DA) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Amaero International Ltd stock, see the AU:3DA Stock Forecast page.
Amaero International Ltd has announced the cessation of 1,914,596 listed options, identified by the ASX security code 3DAO. The cessation occurred due to the expiry of options or other convertible securities without exercise or conversion, which is a standard procedure in managing securities and does not involve any buy-back or redemption activities.
The most recent analyst rating on (AU:3DA) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Amaero International Ltd stock, see the AU:3DA Stock Forecast page.
Amaero International Ltd has announced the application for the quotation of 3,967,203 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code 3DA. This move is part of the company’s ongoing efforts to enhance its market presence and provide additional value to its stakeholders by increasing the liquidity of its shares.
The most recent analyst rating on (AU:3DA) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Amaero International Ltd stock, see the AU:3DA Stock Forecast page.
Amaero International Ltd, a company listed on the ASX under the issuer code 3DA, recently updated its application for the quotation of securities. The update was necessary due to an administrative error by the share registry, which led to a discrepancy between the number of shares applied for quotation and the number actually issued. Originally, the company applied for the quotation of 746,021 fully paid ordinary shares upon the cashless exercise of unquoted options, but only 193,413 shares were issued. This correction is crucial for maintaining accurate records and ensuring transparency with stakeholders.
The most recent analyst rating on (AU:3DA) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Amaero International Ltd stock, see the AU:3DA Stock Forecast page.
Amaero International Ltd announced a correction to a previously lodged document regarding a change in director’s interest for Mr. Bob Latta. The error involved an incorrect share value, which has been amended from US$1.605 to US$0.16 per share. The company emphasized its commitment to maintaining accurate disclosures and compliance with ASX listing rules, ensuring stakeholders are informed within required timeframes.
The most recent analyst rating on (AU:3DA) stock is a Sell with a A$0.23 price target. To see the full list of analyst forecasts on Amaero International Ltd stock, see the AU:3DA Stock Forecast page.
Amaero International Ltd has announced a change in the director’s interest notice for Mr. Hank J. Holland. The company has issued 600,000 unlisted options to Mr. Holland under the Employee Incentive Plan, following shareholder approval at the Annual General Meeting. This change reflects the company’s ongoing efforts to align the interests of its directors with those of its shareholders, potentially impacting its governance and stakeholder relations.
The most recent analyst rating on (AU:3DA) stock is a Sell with a A$0.23 price target. To see the full list of analyst forecasts on Amaero International Ltd stock, see the AU:3DA Stock Forecast page.
Amaero International Ltd has announced a change in the director’s interest notice related to Mr. Bob Latta. The change involves the acquisition of 600,000 unlisted options and 100,000 fully paid ordinary shares, with the options issued under Amaero’s Employee Incentive Plan. This update reflects a strategic move in the company’s governance, potentially impacting its market positioning and shareholder value.
The most recent analyst rating on (AU:3DA) stock is a Sell with a A$0.23 price target. To see the full list of analyst forecasts on Amaero International Ltd stock, see the AU:3DA Stock Forecast page.
Amaero International Limited has announced a change in the director’s interest notice for Mr. Eric Bono. The company has issued 600,000 unlisted options to Mr. Bono under its Employee Incentive Plan, following shareholder approval at the Annual General Meeting. This issuance reflects the company’s ongoing efforts to align the interests of its leadership with its strategic goals, potentially impacting its operational focus and stakeholder relations.
The most recent analyst rating on (AU:3DA) stock is a Sell with a A$0.23 price target. To see the full list of analyst forecasts on Amaero International Ltd stock, see the AU:3DA Stock Forecast page.
Amaero International Ltd announced a change in the director’s interest, with Mr. Jamie Levy acquiring 600,000 unlisted options. These options were issued under the company’s Employee Incentive Plan, following shareholder approval at the Annual General Meeting. This move reflects the company’s strategy to align its leadership’s interests with long-term growth objectives, potentially impacting its market positioning and stakeholder confidence.
The most recent analyst rating on (AU:3DA) stock is a Sell with a A$0.23 price target. To see the full list of analyst forecasts on Amaero International Ltd stock, see the AU:3DA Stock Forecast page.
Amaero International Ltd has announced a change in the director’s interest, specifically involving Mr. Omer Granit. The company issued 600,000 unlisted options to Mr. Granit under its Employee Incentive Plan, following shareholder approval at the recent Annual General Meeting. This change reflects the company’s ongoing efforts to align its leadership’s interests with its strategic goals, potentially impacting its governance and stakeholder relations.
The most recent analyst rating on (AU:3DA) stock is a Sell with a A$0.23 price target. To see the full list of analyst forecasts on Amaero International Ltd stock, see the AU:3DA Stock Forecast page.
Amaero Ltd announced the issuance of 746,021 fully paid ordinary shares following the exercise of unlisted options, in compliance with the Corporations Act. This move reflects the company’s ongoing efforts to enhance its capital structure and support its operations in the additive manufacturing sector, potentially strengthening its market position and providing value to stakeholders.
The most recent analyst rating on (AU:3DA) stock is a Sell with a A$0.23 price target. To see the full list of analyst forecasts on Amaero International Ltd stock, see the AU:3DA Stock Forecast page.
Amaero International Ltd has announced the quotation of 10,039,491 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code 3DA, effective December 1, 2025. This move is expected to enhance the company’s capital structure and provide additional resources to support its growth initiatives in the advanced manufacturing sector.
The most recent analyst rating on (AU:3DA) stock is a Sell with a A$0.23 price target. To see the full list of analyst forecasts on Amaero International Ltd stock, see the AU:3DA Stock Forecast page.
Amaero International Ltd has announced the cessation of several securities due to the lapse of conditional rights, as the conditions have not been met or have become incapable of being satisfied. This announcement may impact the company’s financial structure and market perception, as it reflects on the challenges in meeting certain operational or strategic conditions.
The most recent analyst rating on (AU:3DA) stock is a Sell with a A$0.23 price target. To see the full list of analyst forecasts on Amaero International Ltd stock, see the AU:3DA Stock Forecast page.
Amaero International Ltd announced the issuance of unquoted equity securities, specifically options expiring on various dates and prices, totaling over 12 million securities. This move is part of an employee incentive scheme and reflects the company’s strategy to enhance its operational capabilities and maintain a competitive edge in the advanced manufacturing sector.
The most recent analyst rating on (AU:3DA) stock is a Sell with a A$0.23 price target. To see the full list of analyst forecasts on Amaero International Ltd stock, see the AU:3DA Stock Forecast page.