FSE$ALM
Almonty Industries Inc · Q3 2025 earnings
Q3 2025 earnings · · Before market open
Briefing
Almonty reported strong Q3 2025 results with a significant net income driven by a one-time non-cash gain from warrant revaluation.
Almonty posted $8.7 million in revenue for Q3 2025, a 28% increase year-over-year, supported by higher tungsten prices. The company recorded $33.2 million in net income due to a $34.5 million gain from warrant revaluation, while adjusted EBITDA was negative due to continued ramp-up activities at Sangdong.
- Revenue increased 28% year-over-year to $8.7 million, driven by higher tungsten prices and stable output from Panasqueira.
- Net income reached $33.2 million, primarily due to a $34.5 million gain from warrant revaluation.
- Adjusted EBITDA was negative $2.2 million, reflecting ongoing transition costs toward commercial production.
- Cash balance rose to $111.6 million following a $90 million U.S. public offering completed in July 2025.
Headline financials
Revenue & EPS history
Almonty Industries Inc · Revenue · Quarterly
$6.25M
Revenue by segment
Almonty Industries Inc · $25.4M total across 1 segment · Q1 2026
- Panasqueira Mine$25.4M—100.0%
Forward guidance
Almonty is transitioning to final commissioning at Sangdong with expectations for commercial production to begin soon. The company will also advance its U.S. and European projects.
Tailwinds
- Sangdong construction is substantially complete and in ramp-up.
- Successful listing on Nasdaq increases visibility and access to capital.
- Raised $90 million in gross proceeds to support growth initiatives.
- Acquired U.S.-based tungsten project in Montana with near-term production potential.
- Commenced large-scale drilling at the Sangdong molybdenum project.
Headwinds
- Adjusted EBITDA remains negative amid transition to commercial operations.
- Increased general and administrative expenses post-Nasdaq listing.
- Results heavily influenced by one-time, non-operational gains.
- Commissioning phase may face execution and timing risks.
- No formal revenue or profitability guidance issued for upcoming quarters.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 2 quarterly earnings reports · overlaid with Q3 2025
-6.5%
Avg return
Earnings day
-9.5%
Avg return
5 days after
+12.7%
Avg return
30 days after
0%
0 / 2 earnings
Positive
-3.4%
Q1 2026
Best reaction
-9.7%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.4% | -17.2% | +31.7% | |
| Q3 2025 | -9.7% | -1.8% | -6.3% |
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