Amaero Ltd has secured AUD 50 million in new funding to accelerate its manufacturing growth initiatives, the company announced.
Amaero said proceeds from the placement and the plan will be used to bring forward growth initiatives initially scheduled for after FY2027.
While the company was already funded to complete its AUD 72 million capital expenditure plan and achieve positive EBITDA in FY2027, strong investor interest in defence and manufacturing re-shoring prompted the Board to raise additional equity.
According to Amaero, the placement strengthens its position to benefit from the United States’ efforts to bolster its defence industrial base and reshore manufacturing and supply chain capabilities.
The company said it has moved from capital investment into commercialization and revenue scaling over the past two years, and the new funding will help accelerate this transition.
Planned initiatives include ordering a fourth atomizer by the end of the year, building an Argon gas recycling unit, and pursuing other corporate development projects.
Amaero Chairman and CEO Hank J. Holland said the company’s strategy remains focused on long-term opportunities in manufacturing.
“Over the past three years, Amaero has been deliberate with its corporate strategy, has made forward leaning capital investments and has been disciplined with its allocation of capital,” Holland said.
“As we view the re-shoring of sovereign manufacturing and supply chain capabilities as a generational opportunity, we will continue to make thoughtful and well-reasoned investments that differentiate our market position, address the needs of our customers and align with US priority policy initiatives.”
Holland added that prior to the placement, Amaero had raised A$98.5 million over three years, with about AUD 70 million still on its balance sheet in cash and tangible assets.
He said the company welcomed the support of existing institutional shareholders and new investors, noting that the additional capital will allow Amaero to accelerate manufacturing projects and strengthen its competitive position.
The content of this article is based on information supplied by Amaero Ltd. For more information, please refer to the official company announcement and communications from Amaero. Please consult a licensed and/or registered professional in this area before making any decisions based on the content of this article.
