Almonty Industries Reports Q1 Earnings Beat Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 19 2025
0mins
Should l Buy ALM?
Source: SeekingAlpha
Almonty Industries Inc's stock fell 8.95% as it crossed below the 5-day SMA, reflecting a challenging trading session.
The company reported a Q1 GAAP EPS of -$0.02, missing expectations by $0.03, but revenue of $25.4 million exceeded forecasts by $7.46 million, indicating strong performance in revenue growth. Additionally, Almonty generated positive operating cash flow of $9.7 million for the quarter, a significant turnaround from the negative cash flow of ($4.4) million in Q1 2025, demonstrating enhanced operational efficiency and financial stability. Despite the earnings miss, the positive cash flow and revenue growth may attract more investor interest.
The implications of these results suggest that while the EPS did not meet expectations, the overall financial health of Almonty is improving, which could lead to increased investor confidence in the long term.
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Analyst Views on ALM
Wall Street analysts forecast ALM stock price to fall
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 17.300
Low
12.00
Averages
12.00
High
12.00
Current: 17.300
Low
12.00
Averages
12.00
High
12.00
About ALM
Almonty Industries Inc. is a diversified and global producer of tungsten concentrate. The Company is engaged in mining, processing and shipping tungsten concentrate from its Panasqueira Mine in Portugal. It also has a significant molybdenum resource on a separate property adjacent to the tungsten orebody at the Sangdong Mine. Its additional development projects include the Valtreixal Project in northwestern Spain and Los Santos Mine in western Spain. The Panasqueira Mine is located in Covilha, Castelo Branco, Portugal. The Sangdong Mine is located at Sangdong in the south-eastern Korean Peninsula, approximately 170 km east-southeast of Seoul, South Korea. The Valtreixal Mine is a potential open pit operation, and is located in the northwest part of the Zamora province, in the Castilla de Leon region of Spain. It also operates Woulfe, whose properties are located in Gangwon Province, Republic of Korea, and whose operations relate primarily to the development of the Sangdong Project.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Almonty Industries Q1 Earnings Beat Expectations with Positive Cash Flow
- Earnings Highlights: Almonty Industries reported a Q1 GAAP EPS of -$0.02, missing expectations by $0.03, yet revenue of $25.4 million exceeded forecasts by $7.46 million, indicating strong performance in revenue growth.
- Cash Flow Improvement: The company generated positive operating cash flow of $9.7 million for the quarter, a significant turnaround from the negative cash flow of ($4.4) million in Q1 2025, demonstrating enhanced operational efficiency and financial stability.
- Adjusted EBITDA Growth: Adjusted EBITDA for Q1 reached $6.1 million, a substantial improvement from the negative $2.4 million in the same quarter last year, reflecting significant operational performance enhancements that may attract more investor interest.
- Cash Reserves Status: As of March 31, 2026, Almonty had cash totaling $259.9 million, down from $268.4 million as of December 31, 2025, yet still maintaining a healthy cash position that supports future investment opportunities.
See More
Almonty Highlights Tungsten's Importance at BofA Conference
- Conference Spotlight: Almonty's Chairman and CEO, Lewis Black, will present at the BofA Securities Global Metals, Mining & Steel Conference on May 13, 2026, discussing tungsten's critical role in U.S. defense readiness and next-generation technology supply chains, which is expected to enhance the company's industry influence.
- Strategic Panel Participation: On the same day, Black will also join a tungsten panel discussion to share insights on tungsten's strategic importance in the competitive global landscape, further solidifying Almonty's leadership in critical mineral supply chains.
- Unique Shareholder Experience: Almonty is offering two lucky Canadian shareholders an exclusive trip to the Sangdong Mine in South Korea, showcasing the mine's significance as a key asset in global tungsten production, which is anticipated to strengthen shareholder trust and loyalty towards the company.
- Future Outlook: With rising global demand for tungsten, Almonty's Sangdong Mine is expected to supply over 80% of global non-China tungsten production upon reaching full capacity, directly addressing supply vulnerabilities highlighted by recent U.S. defense procurement bans and Chinese export restrictions, demonstrating the company's strategic foresight in the critical minerals sector.
See More
Western Governments Commit $12.1 Billion to Mining Projects
- Surge in Investment: At the 2026 PDAC conference, Western governments committed $12.1 billion through 30 partnerships for new mining projects, reflecting strong demand and confidence in critical mineral resources.
- Global Supply Chain Strain: The latest OECD report indicates that global export restrictions on critical raw materials have reached an all-time high, with supply concentration for cobalt, lithium, and rare earths exceeding 90%, driving capital down the entire Western mineral pipeline from early-stage exploration to commercial production.
- GoldHaven Financing Expansion: GoldHaven Resources announced an upsizing of its non-brokered financing to $1.2 million due to strong investor demand, which will further support its fully funded exploration program at the Magno Project in British Columbia, expected to enhance drilling activities targeting a large-scale, multi-phase mineral system.
- Strategic Mineral Potential: The Magno project spans over 37,200 hectares and contains silver, tungsten, lead, zinc, and indium, with tungsten classified as a critical mineral, positioning GoldHaven's exploration efforts to significantly bolster its competitiveness in the critical minerals market.
See More
GoldHaven Resources Upsizes Financing to $1.2 Million Amid Strong Demand
- Financing Upsize: GoldHaven Resources has upsized its non-brokered financing to $1.2 million due to strong investor demand, which is expected to further bolster its fully funded 2026 exploration program at the Magno Project in British Columbia, supporting an expanded drill campaign targeting a large-scale, multi-phase mineral system.
- Resource Potential: The Magno project spans over 37,200 hectares and contains silver, tungsten, lead, zinc, and indium, with tungsten classified as a critical mineral and no primary domestic production in Canada, highlighting the project's strategic importance in resource development.
- Geological Assessment: An independent geological review of GoldHaven's Copeçal Gold Project in Brazil confirmed a large-scale, structurally controlled hydrothermal gold system, with a Phase II drill program planned for 2026 to test high-priority structural and geophysical targets, further advancing resource development.
- Market Outlook: The global critical minerals market is projected to nearly double to $715 billion by 2035, with North American investment growing rapidly, positioning GoldHaven Resources favorably to attract more institutional capital to support its mineral development initiatives.
See More
Almonty Industries Appoints New CFO Jorge Beristain
- Executive Change: Almonty Industries announced the appointment of Jorge Beristain as Chief Financial Officer effective June 1, 2026, succeeding Brian Fox who departed immediately, indicating a strategic shift in leadership to tackle future challenges.
- Interim Management: Until Beristain's start date, Chief Development Officer Guillaume de Lamaziere will serve as interim CFO, ensuring continuity and stability in financial management, thereby mitigating potential risks associated with executive transitions.
- Rich Financial Background: Beristain most recently served as Vice President of Finance at Ryerson Holding, where he was a key advisor to the CEO, CFO, and Board, and his extensive experience in financial management is expected to bring new perspectives and strategic direction to Almonty Industries.
- Industry Influence: Having previously served as CFO of Central Steel & Wire Co. and currently as an Independent Director at Elevra Lithium, Beristain's broad industry connections and experience will enhance Almonty's competitiveness in the tungsten market.
See More
Almonty Appoints New Chief Financial Officer
- Executive Appointment: Almonty Industries announced the appointment of Jorge Beristain as Chief Financial Officer effective June 1, 2026, aimed at supporting the company's expansion of the Sangdong Mine in South Korea, which is expected to enhance its strategic role in the Western tungsten supply chain.
- Predecessor Departure: Former CFO Brian Fox has departed immediately, with Almonty expressing gratitude for his service, ensuring stability during the transition period as Guillaume de Lamaziere steps in as Interim CFO until the new appointee starts.
- Financial Leadership Experience: Jorge Beristain brings extensive financial management experience, having served as Vice President of Finance at Ryerson Holding Corp, where he played a key role in doubling the company's market capitalization, showcasing his exceptional capabilities in the basic materials and mining sectors.
- Strategic Growth Potential: Almonty's Sangdong Mine is considered a critical component of the global non-China tungsten supply chain, and with rising geopolitical tensions, the demand for tungsten is expected to surge, positioning the company strategically for robust future growth.
See More
Almonty Industries Q1 Earnings Beat Expectations with Positive Cash Flow
- Earnings Highlights: Almonty Industries reported a Q1 GAAP EPS of -$0.02, missing expectations by $0.03, yet revenue of $25.4 million exceeded forecasts by $7.46 million, indicating strong performance in revenue growth.
- Cash Flow Improvement: The company generated positive operating cash flow of $9.7 million for the quarter, a significant turnaround from the negative cash flow of ($4.4) million in Q1 2025, demonstrating enhanced operational efficiency and financial stability.
- Adjusted EBITDA Growth: Adjusted EBITDA for Q1 reached $6.1 million, a substantial improvement from the negative $2.4 million in the same quarter last year, reflecting significant operational performance enhancements that may attract more investor interest.
- Cash Reserves Status: As of March 31, 2026, Almonty had cash totaling $259.9 million, down from $268.4 million as of December 31, 2025, yet still maintaining a healthy cash position that supports future investment opportunities.
See More
Almonty Highlights Tungsten's Importance at BofA Conference
- Conference Spotlight: Almonty's Chairman and CEO, Lewis Black, will present at the BofA Securities Global Metals, Mining & Steel Conference on May 13, 2026, discussing tungsten's critical role in U.S. defense readiness and next-generation technology supply chains, which is expected to enhance the company's industry influence.
- Strategic Panel Participation: On the same day, Black will also join a tungsten panel discussion to share insights on tungsten's strategic importance in the competitive global landscape, further solidifying Almonty's leadership in critical mineral supply chains.
- Unique Shareholder Experience: Almonty is offering two lucky Canadian shareholders an exclusive trip to the Sangdong Mine in South Korea, showcasing the mine's significance as a key asset in global tungsten production, which is anticipated to strengthen shareholder trust and loyalty towards the company.
- Future Outlook: With rising global demand for tungsten, Almonty's Sangdong Mine is expected to supply over 80% of global non-China tungsten production upon reaching full capacity, directly addressing supply vulnerabilities highlighted by recent U.S. defense procurement bans and Chinese export restrictions, demonstrating the company's strategic foresight in the critical minerals sector.
See More
Western Governments Commit $12.1 Billion to Mining Projects
- Surge in Investment: At the 2026 PDAC conference, Western governments committed $12.1 billion through 30 partnerships for new mining projects, reflecting strong demand and confidence in critical mineral resources.
- Global Supply Chain Strain: The latest OECD report indicates that global export restrictions on critical raw materials have reached an all-time high, with supply concentration for cobalt, lithium, and rare earths exceeding 90%, driving capital down the entire Western mineral pipeline from early-stage exploration to commercial production.
- GoldHaven Financing Expansion: GoldHaven Resources announced an upsizing of its non-brokered financing to $1.2 million due to strong investor demand, which will further support its fully funded exploration program at the Magno Project in British Columbia, expected to enhance drilling activities targeting a large-scale, multi-phase mineral system.
- Strategic Mineral Potential: The Magno project spans over 37,200 hectares and contains silver, tungsten, lead, zinc, and indium, with tungsten classified as a critical mineral, positioning GoldHaven's exploration efforts to significantly bolster its competitiveness in the critical minerals market.
See More
GoldHaven Resources Upsizes Financing to $1.2 Million Amid Strong Demand
- Financing Upsize: GoldHaven Resources has upsized its non-brokered financing to $1.2 million due to strong investor demand, which is expected to further bolster its fully funded 2026 exploration program at the Magno Project in British Columbia, supporting an expanded drill campaign targeting a large-scale, multi-phase mineral system.
- Resource Potential: The Magno project spans over 37,200 hectares and contains silver, tungsten, lead, zinc, and indium, with tungsten classified as a critical mineral and no primary domestic production in Canada, highlighting the project's strategic importance in resource development.
- Geological Assessment: An independent geological review of GoldHaven's Copeçal Gold Project in Brazil confirmed a large-scale, structurally controlled hydrothermal gold system, with a Phase II drill program planned for 2026 to test high-priority structural and geophysical targets, further advancing resource development.
- Market Outlook: The global critical minerals market is projected to nearly double to $715 billion by 2035, with North American investment growing rapidly, positioning GoldHaven Resources favorably to attract more institutional capital to support its mineral development initiatives.
See More
Almonty Industries Appoints New CFO Jorge Beristain
- Executive Change: Almonty Industries announced the appointment of Jorge Beristain as Chief Financial Officer effective June 1, 2026, succeeding Brian Fox who departed immediately, indicating a strategic shift in leadership to tackle future challenges.
- Interim Management: Until Beristain's start date, Chief Development Officer Guillaume de Lamaziere will serve as interim CFO, ensuring continuity and stability in financial management, thereby mitigating potential risks associated with executive transitions.
- Rich Financial Background: Beristain most recently served as Vice President of Finance at Ryerson Holding, where he was a key advisor to the CEO, CFO, and Board, and his extensive experience in financial management is expected to bring new perspectives and strategic direction to Almonty Industries.
- Industry Influence: Having previously served as CFO of Central Steel & Wire Co. and currently as an Independent Director at Elevra Lithium, Beristain's broad industry connections and experience will enhance Almonty's competitiveness in the tungsten market.
See More
Almonty Appoints New Chief Financial Officer
- Executive Appointment: Almonty Industries announced the appointment of Jorge Beristain as Chief Financial Officer effective June 1, 2026, aimed at supporting the company's expansion of the Sangdong Mine in South Korea, which is expected to enhance its strategic role in the Western tungsten supply chain.
- Predecessor Departure: Former CFO Brian Fox has departed immediately, with Almonty expressing gratitude for his service, ensuring stability during the transition period as Guillaume de Lamaziere steps in as Interim CFO until the new appointee starts.
- Financial Leadership Experience: Jorge Beristain brings extensive financial management experience, having served as Vice President of Finance at Ryerson Holding Corp, where he played a key role in doubling the company's market capitalization, showcasing his exceptional capabilities in the basic materials and mining sectors.
- Strategic Growth Potential: Almonty's Sangdong Mine is considered a critical component of the global non-China tungsten supply chain, and with rising geopolitical tensions, the demand for tungsten is expected to surge, positioning the company strategically for robust future growth.
See More
