Highly stabled antireflection layers play a crucial role in enhancing the optical and thermal performance of cermet-based solar selective absorbing coatings. Few state-of-the-art antireflection layers are qualified for high-temperature (>873 K) utilizations due to the insufficient thermal stability and increased infrared emissivity. Herein, a highly stable multilayer cermet-based absorber with an AlCrO antireflection layer is developed using cathode arc ion plating. The deposited coating exhibits a solar absorptivity of 0.908 ± 0.005 and a thermal emissivity of 0.144 ± 0.004 even after annealing at 923 K for 2000 h in air, compared to the pristine coating with a spectral selectivity of 0.898 ± 0.002/0.186 ± 0.003. After undergoing the extensive annealing treatments, abundant particles with an average size of approximately 8 μm have been detected on the coating surface. However, the AlCrO layer exhibits a remarkably flawless and dense surface topography devoid of any cracks or voids. Based on the GI-XRD and TEM evaluations, the particles have been identified as Mn2O3 nanocrystals. The formation of Mn2O3 particles originates from the diffusion of Mn atoms from the stainless-steel substrate to the surface of the AlCrO layer, where they undergo oxidation. The presence of Mn2O3 can enhance the solar absorptivity by increasing transmittance in the visible light spectrum and reduce the emittance by enhancing reflection of infrared radiation. Then, the impact of Mn2O3 on spectra selectivity and thermal stability is discussed. These results indicate that the AlCrO layer exhibits remarkable durability when subjected to high-temperature annealing in an air environment, thereby significantly enhancing the thermal stability and optical performance of cermet-based solar selective absorbing coatings. These findings suggest that the AlCrO layer exhibits exceptional durability under high-temperature annealing in an air environment, thereby significantly enhancing the thermal stability and optical performance of cermet-based solar selective absorbing coatings.