EX-99.1 2 ck0002141616-ex99_1.htm EX-99.1 Exhibit 99.1 Amaero Reports Third Quarter 2026 Results, Provides Fourth Quarter 2026 Revenue Guidance Third quarter revenue of $4.1 million, up 35% year-over-year; nine-month revenue of $11.5 million, up 170% year-over-year Backlog of $13.4 million as of September 30, 2026, up 96% from year-end 2025 Completed U.S. IPO and Nasdaq listing in October 2026 Fourth quarter 2026 revenue guidance of $4.5 million to $5.0 million which would result in full year 2026 revenue of $16.0 million to $16.5 million, up 154% to 162% MCDONALD, Tenn., November 9, 2026 -- Amaero Inc. (Nasdaq: AMRO) (ASX: 3DA) (“Amaero” or the “Company”), a leading U.S.-based producer of high-value refractory and titanium alloy spherical powders for additive manufacturing (“AM”) and advanced manufacturing, and a pioneer in Powder Metallurgy Hot Isostatic Pressing (“PM-HIP”) manufacturing of large near-net-shape components, today announced financial results for the third quarter ended September 30, 2026. Results are presented in U.S. dollars in accordance with U.S. GAAP; see “Basis of Presentation” below. THIRD QUARTER 2026 HIGHLIGHTS • Revenue for the third quarter ended September 30, 2026 of $4.1 million, a 35% increase versus revenue of $3.1 million for the third quarter ended September 30, 2025. • Revenue for the nine months ended September 30, 2026 of $11.5 million, a 170% increase versus $4.3 million for the nine months ended September 30, 2025; trailing twelve-month revenue of $13.5 million versus $4.7 million for the twelve months ended September 30, 2025, an increase of 191%. • Backlog of $13.4 million as of September 30, 2026, up 96% from $6.9 million as of December 31, 2025, and up 180% from $4.8 million as of September 30, 2025; backlog as of September 30, 2026 includes $4.4 million attributable to the U.S. Department of War (“DoW”) refractory alloy powder development contract. • Awarded a $4.5 million contract in July 2026 from the DoW for the development of alternative refractory alloy powders to reduce cost and dependence on foreign sources of critical raw materials; two high-temperature alloys have been down-selected and produced on the Company’s gas atomization technology, and the 13-month program is expected to be completed in August 2027. • Secured the Company’s first Low-Rate Initial Production (“LRIP”) contract from Bechtel Plant Machinery, Inc. (“BPMI”) in July 2026, valued at $0.3 million, supporting the U.S. submarine industrial base – moving PM-HIP from development into low-rate initial production. • Resumed titanium powder production in late July 2026 following a pause of approximately six weeks, during which the Company concluded a comprehensive process, system and facility safety review with Jensen Hughes, a leader in safety and risk-based engineering, and implemented the resulting improvements and remediations; there were no purchase order cancellations during or following the production pause, and no employee attrition during the pause. • Commissioned the Company’s third EIGA Premium atomizer in June 2026; the Company now operates three EIGA Premium atomizers (two titanium and one refractory) with annual production capacity of approximately 680 metric tons, comprising approximately 480 metric tons of titanium powder and approximately 200 metric tons of refractory powder. • Commissioned a custom-designed and fabricated titanium powder sieving system in August 2026, which, together with the third EIGA Premium atomizer, expanded titanium throughput capacity by approximately 100%. • Argon gas recycling plant remains on track for commissioning in Q1 2027, and the fourth EIGA Premium atomizer remains on track for commissioning in June 2027. FOURTH QUARTER 2026 REVENUE GUIDANCE For the fourth quarter of 2026, Amaero expects revenue of $4.5 million to $5.0 million, up 121% to 146% from $2.0 million in the fourth quarter of 2025. Combined with revenue of $11.5 million for the nine months ended September 30, 2026, this implies full year 2026 revenue of $16.0 million to $16.5 million, up 154% to 162% from $6.3 million in 2025. (US$ in millions) Current Period Prior Period Y/Y Growth Fourth Quarter 2026 (Oct.–Dec.) – Guidance $4.5 – $5.0 $2.0 121% – 146% Second Half 2026 (Jul.–Dec.) – Includes Q4 guidance $8.6 – $9.1 $5.1 69% – 79% Full Year 2026 (Jan.–Dec.) – Includes Q4 guidance $16.0 – $16.5 $6.3 154% – 162% Hank J. Holland, Amaero’s Chairman and CEO, commented: “We are pleased to report our first results as a Nasdaq-listed company. In the third quarter, revenue increased 35% year-over-year to $4.1 million, and revenue for the first nine months of 2026 increased 170% year-over-year to $11.5 million. We also returned to titanium production following our facility safety review. I am proud of how our team managed through that process while keeping our customer relationships and workforce intact. Our third quarter gross margin was impacted by the restart of titanium production following th
