Quarterly ResultMay 12, 2026, 06:08 AM
Almonty Q1 Revenue +221% to $25.4M; Adjusted EBITDA $6.1M
AI Summary
Almonty Industries reported strong first-quarter 2026 financial results, with revenue increasing 221% year-over-year to $25.4 million, driven by record tungsten pricing and strong performance from the Panasqueira Mine. The company achieved positive Adjusted EBITDA of $6.1 million and positive operating cash flow of $9.7 million, marking a significant financial inflection point. The Sangdong tungsten mine also held its formal commissioning ceremony, moving towards commercial operations, and the company relocated its corporate headquarters to Dillon, Montana.
Key Highlights
- Revenue increased 221% year-over-year to $25.4 million in Q1 2026.
- Adjusted EBITDA was $6.1 million in Q1 2026, compared to ($2.4) million in Q1 2025.
- Generated positive operating cash flow of $9.7 million for the quarter.
- Net loss significantly improved to $5.3 million, or ($0.02) per share.
- Cash totaled $259.9 million as of March 31, 2026.
- Sangdong tungsten mine held its formal commissioning ceremony on March 17, 2026.
- Relocated corporate headquarters to Dillon, Montana, United States.