The release of FY results, already fully flagged in the 4C's, and the ensuing price/sentiment reaction is, imo, a classic example of a short term opportunity created by traders not understanding the Investing for Growth paradigm.

For mine, I've taken a position earlier, and will add when/if early results of that investment become apparent.

This is what's driving the SP increase:

ASX release 7 July 2025:

US NAVY ISSUES AML3D WITH LETTER OF INTENT AND FORECAST

HIGHLIGHTS:

- AL3’s ARCEMY technology identified as ‘pivotal’ to meeting US Navy forecasts for 100 additive manufacturing system installations.

- AL3 identified as key to the overall supply of around 400 components in 2026, rising to 1,600 by 2030, to the US Navy Maritime Industrial Base

- A US Department of the Navy Letter of Intent outlines plans to regularly brief AML3D on US Navy demand forecasts for additive manufacturing.

- Access to US Navy demand intelligence will support more than a doubling of AML3Ds US manufacturing capability.

To me, the actual letter from the US Navy, included in the announcement, sounds even better - more convincing - than the extract above.

Held IRL

General description from Intelligent Investor: AML3D Limited (AL3) is a technology company which designs and constructs ARCEMY 3D printing modules for sale or lease with an option to buy; design and construct 3D parts using Wire-arc Additive Manufacturing technology and to develop that technology; research and development into the refinement of the companies products, including alternative applications.

Latest news from Shaw & Partners and Bell Potter via Talk Money to Me podcast 13/6/25:

AL3 is a specialist in Wire additive manufacturing (WAM) - 3D metal printing technology. Disrupting traditional manufacturing by producing parts (like big metal valves for Chevron) that are complex, faster to produce, stronger, and with a lower carbon footprint.

Tech is proven and scalable and multiple units have already been sold to the US Navy and Blue Forge Alliance. BFA have a 951mUSD contract to overhaul the US submarine industrial base. This is critical to lift the production of US submarines from current 1.4 to 2.3+ per year.

Two Revenue streams

1) sale and leasing of Arcemy units (1- 3 m upfront per unit) 

2) recurring revenue of 250,000 pa per unit for licensing and support.

High margin and sticky due to software dependency.

Currently AL3 has two manufacturing facilities in US, and supplies various US companies (Chevron, Boeing , Blue Forge Alliance, Austal USA) and US Navy manufacturing via Blue Forge. Also expanding into Europe.

Key catalyst for revenue growth expected to inflect: scale and contract conversion. E.g. Named as part of 951 mUSD contract to scale additive manufacturing for US Navy. Bell Potter estimate this to translate into 20 - 100 m in revenue for AL3 over next 3 years. Add to that defense manufacturing tailwinds in both US and Europe.

Bell Potter has Revenue more than doubling from 8.1 m in FY 25 to 18.5 m in FY26, then growing again to 32.7 m in FY27.

Shaw & Partners even more bullish. Breakeven cashflow achieved Mar 25 qtr, with 2.5 mUSD receipts, up 37% YoY. Trading at 2.9 x FY26 revenue. Gross margins >70%.

Current share price: 0.145.

Bell Potter PT: 0.30

Shaw & Partners PT: 0.40

Discl: held in RL

https://themarketherald.com.au/aml3d-asxal3-3d-printed-steel-30pc-above-global-strength-standards-2020-04-25/

Summary:

• AML3D (AL3) has returned exceptional results from testing of its proprietary Wire Additive Manufactured (WAM) 3D printing technology
• WAM is a novel way of 3D printing high strength steel
• Independent testing by Intertek, revealed WAM demonstrated an ultimate tensile strength 30 per cent above the applicable global standard
• WAM's possible use in a broad range of sectors comes with a bonus of not just added strength, but potentially reduced material usage
• AML3D also owns WAMSoft - metallurgical engineering and design software which fully automates 3D printing using advanced robotics technolog

Disclaimer: I do not own shares in AML3D