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Almonty Industries
Almonty Industries (AII) investor relations material
Almonty Industries Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary19 Mar, 2026
Executive summary
Achieved transition to active mining at Sangdong Mine, with first ore delivered to ROM pad in December 2025, marking a shift toward commercial production.
Completed acquisition of Gentung Tungsten Project in Montana, expanding U.S. asset base.
Strengthened leadership with appointments of a new COO and Chief Development Officer.
Financial highlights
Q4 2025 revenue rose 39% year-over-year to $8.7 million; full-year revenue up 13% to $32.5 million.
Net loss for Q4 2025 was $102.3 million versus $5.4 million loss in Q4 2024; full-year net loss was $161.9 million compared to $16.3 million in 2024, mainly due to non-cash revaluation charges.
Adjusted EBITDA (non-IFRS) for Q4 2025 was ($6.2) million; full-year Adjusted EBITDA was ($17.1) million.
Cash balance at year-end 2025 was $268.4 million, up from $7.8 million at year-end 2024, driven by two public offerings totaling US$219.4 million.
General and administrative expenses increased significantly due to legal and regulatory costs related to capital markets activities.
Outlook and guidance
Focused on completing Sangdong commissioning and optimizing throughput to meet rising demand from Western defense and industrial sectors.
Anticipates continued benefit from high APT prices and a deepening structural supply deficit in tungsten.
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Latest events from Almonty Industries
- IPO raises $75M to fund U.S. tungsten oxide facility, targeting Western defense supply chains.AII
Registration Filing30 Nov 2025 - US$75M IPO funds vertical integration for a key Western tungsten supplier amid global supply risks.AIIRegistration Filing29 Nov 2025
- Q3 2025 delivered strong revenue growth, a major net income swing, and Sangdong ramp-up progress.AIIQ3 20253 Nov 2025
- Western tungsten leader raises $90M in U.S. IPO, targeting supply chain expansion and new production.AIIRegistration Filing31 Oct 2025
- US$90M IPO funds tungsten oxide facility and expansion; option terms amended for accounting clarity.AIIRegistration Filing22 Oct 2025
- Sangdong’s launch and U.S. re-domiciling will make Almonty a pivotal Western tungsten supplier.AII16th IIF - International Investment Forum8 Oct 2025
- Q2 2025 featured a net loss from non-cash items, Sangdong mine completion, and a $90M capital raise.AIIQ2 202525 Aug 2025
Next Almonty Industries earnings date
Q1 20264 May, 2026
Almonty Industries
Next Almonty Industries earnings date
Q1 20264 May, 2026
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Amina0781App Store
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