Amaero Inc. (ASX:3DA) announced that its stockholders passed all items on the agenda at the 2026 Special Meeting of Stockholders held on August 28, 2026, with one exception.

The Company withdrew Item 8 from consideration after further review. This item concerned the approval of restricted stock units and performance stock units granted to Chairman and CEO Hank J. Holland.

All remaining resolutions were carried by way of a poll. The detailed results, including proxies received for each resolution, are outlined in the attached proxy summary.

Corporate Governance Update

The withdrawal of the executive compensation item indicates a procedural adjustment rather than a rejection by shareholders. The Company stated that the decision to withdraw Item 8 followed an internal review process.

Hank J. Holland authorized the release of this announcement. Amaero continues to operate as a leading U.S. domestic producer of high-value refractory alloy and titanium powders for additive manufacturing in defense, space, aviation, and medical sectors.

What the Numbers Show

The voting results demonstrate unanimous support for the Company’s broader corporate agenda, as every item presented for a poll was approved. The sole deviation was the pre-meeting withdrawal of the specific equity grant proposal for the CEO, removing it from shareholder vote entirely.

Amaero Inc. reported record revenue for the quarter ending 30 June 2026, driven by strong demand for its titanium and refractory alloy powders. The company achieved Q4 FY2026 revenue of A$7.8 million, a 417% increase compared to Q4 FY2025. For the full year FY2026, revenue reached A$18.1 million versus A$3.8 million in FY2025, representing a 376% increase and aligning with the company's A$18–20 million guidance. The performance underscores the company's successful execution of its commercial strategy and expanded manufacturing capabilities.

Financial Performance

The record fourth-quarter result was supported by the shipment of 30 PM-HIP components alongside titanium and refractory powders. Approximately A$1.3 million of contracted titanium powder orders were deferred to Q1 FY2027 following a six-week pause in titanium powder production. Absent this timing impact, Q4 FY2026 revenue would have been A$9.1 million and FY2026 revenue A$19.5 million.

General and administrative (G&A) expense for Q4 FY2026 was A$9.2 million, compared to A$6.6 million in Q3 FY2026. Excluding non-recurring IPO and redomiciliation costs of A$2.8 million and A$0.4 million of non-recurring costs related to manufacturing incidents, adjusted G&A was broadly flat at A$6.0 million versus A$5.9 million in Q3 FY2026.

Commercial Progress and Backlog

Amaero secured a Master Purchasing Agreement with a minimum commitment of A$7.8 million for FY2027 titanium alloy powder deliveries. The company also executed a three-year exclusive Master Purchasing Agreement with United Performance Metals, LLC, appointing it as a distribution partner supported by an initial 4,000 kg purchase order.

Subsequent to the quarter end, Amaero secured its first Low-Rate Initial Production order from Bechtel Plant Machinery Inc. for piping components and was awarded a A$6.5 million contract from the U.S. Department of War for the development of alternative refractory alloy powders.

The company's backlog stood at A$14.6 million as of 30 June 2026. Combined with approximately A$8.5 million of additional contracts since that date, total backlog reached A$23.1 million as of 22 July 2026, with A$12.9 million scheduled for completion by 31 December 2026.

Operational Execution

Amaero successfully commissioned its 3rd EIGA Premium Atomizer, completing its original three-year A$72 million capital investment program on budget. The company now operates three EIGA premium atomizers, representing annual capacity of approximately 200 MT for refractory alloys and 480 MT for titanium alloy powders.

During the quarter, the company paused titanium powder production for approximately six weeks following safety incidents at its Tennessee facility to conduct a comprehensive review with Jensen Hughes. Refractory alloy powder production and PM-HIP manufacturing continued throughout the remediation period. Titanium powder production has since resumed with no purchase order cancellations or employee attrition during the pause.

Corporate Update

Amaero completed its redomiciliation from Australia to the United States, establishing Amaero Inc. as the new parent company. The company amended its EXIM Bank Credit Agreement in June 2026, increasing the total commitment from US$22.8 million to US$26.1 million.

Mr. Tim "TJ" Johnson was appointed to the Board as a Non-Executive Director and Chairman of the Audit and Risk Committee, effective 1 June 2026. Subsequent to the quarter end, the company confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering.