AEM Provides Update On Commercial Progress
Advanced Engineered Materials Ltd
Key points
- Sales in H1 2026 increased by 85% to 12.5 tonnes with revenue of A$460k
- Customer pipeline grew to US$190m by end of July 2026, up from US$160m in June
- Strong market demand for HPA in semiconductor and thermal management applications
- AEM expects sales to accelerate in H2 2026 and through 2027
- 4N+ circuit at Cap-Chat expected to achieve full run rate by end of 2027
Full summary
Advanced Engineered Materials (AEM) has provided an update on its commercial progress and market dynamics. The company reported sales of 12.5 tonnes of high-purity alumina (HPA) in the first half of 2026, generating A$460k in revenue, which is an 85% increase from the previous corresponding period. The customer pipeline expanded to US$190m by the end of July 2026, up from US$160m in June. The growth in the customer pipeline is attributed to strong demand for HPA in semiconductor applications, particularly for advanced ceramics and thermal management. AEM expects sales to increase significantly in the second half of 2026 and accelerate further in 2027 as customers complete tooling up and qualification processes. The 4N+ circuit at the Cap-Chat Plant is expected to achieve full run rate by the end of 2027, while the ramp-up of the 3N5+ circuit is delayed until mid-2028.
Outlook
AEM expects sales to increase significantly in H2 2026 and accelerate further in 2027 as customers complete tooling up and qualification processes.