Almonty reports 498 percent revenue growth: what it means for Almonty Industries stock

Published on 10/24/2026 at 18:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adjusted EBITDA reached CAD 17.6 million versus a CAD 4.8 million loss. Diluted earnings per share for Almonty Industries stock was USD 0.62.

Key facts at a glance

Almonty reported second-quarter revenue growth of 498.00 percent on August 11, 2026.
Adjusted EBITDA reached CAD 17.60 million in the second quarter of 2026.
Almonty Industries stock was last at EUR 7.87 on Tradegate on October 23, 2026, 0.20 percent above the Xetra close.

Tagebau-Mine mit gestuften Felswänden und schweren Muldenkippern im Tageslicht — Almonty Industries Inc betreibt Wolfram-Tagebau CA0203987072 mit Stufenwänden und Muldenkippern im Tageslicht, Illustration mit AI erstellt.

Almonty Industries (ISIN CA0203987072) reported second-quarter revenue of CAD 42.99 million on August 11, 2026, up 498.00 percent from CAD 7.19 million a year earlier. The result strengthens the operating case for the tungsten producer, but the earnings mix requires close attention.

Revenue reached CAD 42.99 million

According to ADVFN, revenue in the second quarter of 2026 increased 498.00 percent year over year to CAD 42.99 million and rose 69.00 percent from CAD 25.40 million in the first quarter. Adjusted EBITDA reached CAD 17.56 million, compared with an adjusted loss of CAD 4.76 million in the year-earlier quarter.

What does the earnings mix mean?

Net income reached CAD 181.80 million in the second quarter, versus a CAD 58.21 million loss a year earlier. The same release said CAD 173.10 million of the latest profit came from non-cash derivative and warrant revaluation gains, so diluted earnings per share of CAD 0.62 does not represent operating performance alone.

The stock's dated euro quote

Almonty is listed on NASDAQ under ALM and also trades in Frankfurt under ALI1. Its Nasdaq price closed at USD 8.86 on October 23, 2026, while the 52-week range was USD 5.44 to USD 24.41. The company had a market capitalization of USD 2.94 billion on October 16, 2026.

The company said its Sangdong mill was running for 13 hours per day in an October 16, 2026 operational overview. Phase I production was more than 90% contracted under a 21-year offtake agreement, giving the ramp-up a defined commercial route while execution remains central to the investment case.

Valuation and operating dates

Almonty's next financial comparison will be measured against the second-quarter revenue base of CAD 42.99 million and adjusted EBITDA of CAD 17.56 million. The October 19, 2026 Investor Day had already placed Sangdong commissioning and Phase II development at the center of the company's operating timetable.

Stock position after October 23

The last available euro price came from Tradegate at EUR 7.87 on October 23, 2026 at 6:10 p.m. CEST, 0.20 percent above the Xetra close of October 23, 2026 (EUR 7.85).

Market context: Market report Nasdaq Composite.

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