Amaero Releases Quarterly Activities Report and Appendix 4C

About this update from Amaero Ltd

~ Executes Key Growth Initiatives and Advances Commercial Momentum in December 2025 Quarter ~ ~ Capital Investment Execution, Defense Validation and Conversion of Strategic Partnership Underpin Progress Toward Scaled Commercial Production ~ MCDONALD, Tenn., Jan. 20, 2026 (GLOBE NEWSWIRE) -- Amaero Ltd (ASX:3DA) (OTCQX: AMROF) (“Amaero” or the “Company”), a leading U.S. domestic producer of high-value refractory and titanium alloy powders for additive and advanced manufacturing of components utilized by the defense, space, and aviation industries, is pleased to provide shareholders and investors with an update on the Company’s activities for the quarter ended 31 December 2025. Highlights Hank J. Holland, Amaero’s Chairman and CEO, commented: “The December Quarter represented a continuing transition from the build out and commissioning phase to commercialization and scaling revenue phase. Having established strong technical validation, customer engagement and financial capacity, our focus has shifted firmly toward scaling production, reducing unit costs and converting opportunities into sustainable commercial outcomes. “During the Quarter, we executed key capital investments that materially advance our U.S. manufacturing capability, achieved meaningful improvements in capital efficiency and received strong external validation from the United States Navy for our PM-HIP manufacturing approach. Importantly, we also began to convert strategic partnerships into commercial supply, as evidenced by the purchase order received from Titomic under our long-term exclusive agreement. “Entering calendar 2026, we expect that headwinds that resulted from the FY2025 continuing resolution and the 43-day government shutdown will turn to positive tailwinds that accelerate commercial opportunities. From a national policy perspective and from an investor perspective, there is strong thematic support in the United States for companies that are focused on re-shoring and scaling defense industrial base, critical minerals, and sovereign manufacturing and supply chains. Amaero is increasingly positioned as a critical enabler of advanced manufacturing supply chains across defense, aerospace and industrial markets. With a strengthened balance sheet, expanding production capability and a growing pipeline of qualified opportunities, we remain resolutely focused on disciplined execution, operational excellence and unlocking long-term value for our shareholders.” Strategic and Operational Progress During the Quarter, Amaero continued to execute on its strategy to establish a scaled, cost-competitive U.S. domestic manufacturing platform for high-value refractory and titanium alloy powders and near-net-shape PM-HIP components. The Company entered binding purchase contracts for a dedicated Argon recycling plant and its fourth advanced EIGA Premium atomizer. These investments are expected to materially expand production capacity while delivering significant operating cost reductions, including an estimated reduction in Argon costs of approximately 80% once fully commissioned. The Argon recycling plant was secured at a cost approximately 60% below earlier estimates, improving expected capital efficiency and accelerating progress toward competitive commercial production. Manufacturing optimization initiatives continued during the Quarter, with a focus on process, safety and quality controls to support consistent output as additional capacity is commissioned. Defense and Government Engagement In December 2025, Amaero received a Letter of Support from the United States Department of the Navy, recognizing the Company’s PM-HIP manufacturing process as a viable and scalable alternative to traditional casting and forging supply chains. This recognition followed extensive technical engagement and reinforces Amaero’s alignment with U.S. sovereign manufacturing priorities, particularly in addressing supply-chain constraints and long lead times across the maritime and defense industrial base. Commercial Progress Amaero continued to transition strategic relationships into early commercial outcomes during the Quarter. In December, the Company received a A$4.6 million purchase order from Titomic Limited for refractory alloy powders under the parties’ existing five-year exclusive supply and development agreement. Shipments under this order are scheduled for FY2026 and represent an important step toward establishing a recurring commercial supply. In parallel, the Company continued to advance a diversified pipeline of commercial opportunities across defense, aerospace, space, medical and industrial applications, reflecting growing customer engagement with Amaero’s U.S.-based manufacturing capabilities. Financial Position and Capital Investment Amaero maintained a strong financial position throughout the Quarter, supporting continued execution of its growth and capital investment program. Capital deployment remained aligned with previously announced initiatives, with EXIM Bank financing structured to match equipment delivery, commissioning and production ramp-up schedules. Financial Guidance On 15 January 2026, Amaero provided an update to its FY2026 financial guidance. 4 The Company estimated FY2026 revenue to equal A$18 million to A$20 million, an increase of 372% to 425% over FY2025. The Company has secured contracts for second half of FY2026 equal to A$9.7 million. The December ending cash balance was estimated at A$52.6 million, an increase of A$1.7 million from September ending balance. The revision to FY2026 revenue guidance primarily reflects timing delays in contract awards and revenue recognition associated with extended U.S government funding uncertainty and a temporary federal government shutdown during the December quarter. Importantly, these delays have not impacted demand or long-term program pipelines. Outlook Amaero enters calendar year 2026 with a strong balance sheet, contracted revenue visibility, and expanded production capabilities. The Company expects improved contracting momentum following the anticipated resolution of U.S federal budget appropriations, alongside continued policy support for domestic advanced manufacturing and supply chain resilience. Amaero remains focused on disciplined execution, advancing commercial contracts, and scaling production in line with customer demand, with the objective of achieving sustainable positive EBITDA. This announcement has been authorized for release by the Board of Directors _______________________________ 1 ASX Announcement, 11 December 2025, Amaero Accelerates Growth Initiatives with Major Equipment Orders 2 ASX Announcement, 5 December 2025, United States Navy Issues Letter of Support 3 ASX Announcement, 19 December 2025, Amaero Receives A$4.6M Refractory Powder Order from Titomic 4 ASX Announcement, 15 January 2026, Updated FY2026 Financial Guidance and December Quarter Activity About Amaero Ltd Amaero Ltd (ASX:3DA, OTC:AMROF) is a dual-listed ASX and OTC-listed Company with manufacturing and corporate headquarters located in Tennessee, U.S. Amaero is a leading U.S. domestic producer of high-value refractory and titanium alloy powders for additive and advanced manufacturing of components utilized by the defense, space, aviation, and medical industries. The technical and manufacturing team brings decades of experience and know-how with pioneering work in gas atomization of refractory and titanium alloys. The Company has commissioned advanced gas atomization technology with an industry leading yield of AM powder. The Company is also a leader in PM-HIP (Powder Metallurgy Hot Isostatic Pressing) manufacturing of large, near-net-shape powder parts with forged-equivalent material properties and microstructure for a variety of alloys. PM-HIP manufacturing is helping alleviate the strained domestic supply chain for large scale castings and forgings. Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B Compliance statement Notes ASX Listing Rules Appendix 4C (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms

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