Almonty Industries Reports 221% Revenue Growth, Positive Adjusted EBITDA in Q1 2026
ALM has more than doubled off its 52-week low of $2.25.
Summary
Almonty Industries reported a 221% year-over-year revenue increase to $25.4 million and achieved positive Adjusted EBITDA and operating cash flow in Q1 2026, signaling a strong operational turnaround.
Key Events · Earnings and Guidance · ALM
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Revenue Surges 221%
Q1 2026 revenue increased to $25.4 million from $7.9 million in Q1 2025, primarily due to record tungsten prices and strong performance at the Panasqueira Mine.
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Financial Turnaround
The company achieved positive Adjusted EBITDA of $6.1 million (compared to -$2.4 million in Q1 2025) and positive operating cash flow of $9.7 million (compared to -$4.4 million in Q1 2025), marking a significant inflection point.
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Sangdong Mine Commissioning
The flagship Sangdong Tungsten Mine in South Korea completed its formal commissioning ceremony in March 2026, transitioning towards commercial operations.
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Tungsten Market Strength
Tungsten APT prices continued their significant upward trend, rising from US$330/MTU in January 2025 to US$2,975/MTU by March 31, 2026, driven by supply constraints and increased demand.
Analysis · ALM · Energy & Transportation
Almonty Industries achieved a significant financial turnaround in Q1 2026, driven by a substantial increase in tungsten prices and the commissioning of its Sangdong Mine. The shift to positive Adjusted EBITDA and operating cash flow marks a critical inflection point for the company, despite a reported net loss primarily due to non-cash revaluation charges related to share price appreciation.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 36.7% of the 1072 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.61%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ALM was trading at $20.69 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $5.9B. The 52-week trading range was $2.25 to $24.41. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.