AML3D LIMITED (AL3)
Share Price Analysis and Chart

28/07/2026

1

Speculative Buy

$0.35

260.82%

Bell Potter observes AML3D has finished FY26 in a strong position with orders of $16.8m going into FY27. The company has identified a global sales pipeline of $78m.

The broker notes the technology is particularly suited to maritime applications, with strong leverage to demand from the US Navy's industrial base. Over FY27 the company is expected to increase deployment of ARCEMY systems in the US and Europe.

Speculative Buy maintained. Target is reduced to 35c from 40c.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -0.90 cents.
Bell Potter forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -0.20 cents.

29/07/2026

1

Buy

$0.30

209.28%

Shaw and Partners maintains a Buy rating for AML3D with its target price reduced to $0.30 from $0.40 following the June quarter Appendix 4C update.

FY26 customer receipts reached $10m, representing a 197% increase on the prior corresponding period, while operating cash flow approached break-even in the June quarter.

Open FY27 orders stand at $16.8m within a global sales pipeline of $78m, supported by expanding wire additive manufacturing contracts across US, UK, and Australian naval defence sectors.

The analyst adopts more conservative revenue assumptions, lowering FY27 revenue forecasts to $19.6m as the $9.9m Newport News contract is structured as a lease recognised over two years through FY29.

Discounted cash flow valuation models now project $100m in revenue by FY32, while US reshoring initiatives and key partnerships with Boeing and the US Navy position the business for long-term growth.

FORECAST
Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -1.20 cents.
Shaw and Partners forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -0.60 cents.