Almonty Industries
Producer of tungsten concentrates from Panasqueira and ramping Sangdong mines.
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Profile
Produces tungsten concentrates from mines in Portugal and South Korea, with tin and copper by-products at Panasqueira, and sells mainly under supply agreements. Revenue is currently concentrated at Panasqueira while Sangdong ramps and planned projects aim to extend processing downstream.
Mines and processes tungsten in Portugal and South Korea, led by the Panasqueira underground mine and Sangdong, which is producing while its plant ramps. Panasqueira sells tungsten, tin and copper concentrates; Sangdong produces scheelite tungsten concentrate. Los Santos in Spain is on care and maintenance, while Valtreixal in Spain, Gentung in Montana, the adjacent Sangdong molybdenum project and a planned tungsten oxide facility remain exploration or development activities.
Sells concentrates mainly through long-term supply agreements and shorter purchase orders, with Panasqueira serving the United States, Western Europe and Japan. Panasqueira provides technical know-how for the portfolio, while planned oxide processing would move the group downstream. Revenue remains concentrated at Panasqueira, and Sangdong is ramping under a long-term offtake arrangement. Operations depend on mining permits, surface access, tailings capacity, water, power, reclamation provisions and compliant downstream processing across the portfolio.
Company facts
Key statistics
Year to date +105% · Average volume (30d) 6.6M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| Jul 10, 2026 | DA Davidson | Reiterate | Buy | $33 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 11, 2026Q2 FY26 | $0.07 | $0.45 | +527.3% | $45.7M | $30.9M | −32.4% | +8.13% |
| May 11, 2026Q1 FY26 | $0.01 | $0.01 | 0.0% | $17.6M | $18.3M | +3.9% | +5.74% |
| Mar 19, 2026Q4 FY25 | −$0.01 | −$0.36 | −3,481.0% | $10.2M | $6.3M | −38.1% | −5.70% |
| Nov 3, 2025Q3 FY25 | $0.00 | $0.09 | — | $7.6M | $6.2M | −18.1% | −5.20% |
Financial highlights
| 5 quarters | — | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | — | $7.2M | $8.7M | $8.7M | $25.4M | $30.3M | |
| Gross profit | — | −$944.0K | $1.3M | $1.3M | $13.0M | $18.6M | |
| Operating income | — | −$11.8M | −$3.1M | −$10.8M | $2.2M | $11.6M | |
| Net income | — | −$58.2M | $33.2M | −$102.3M | −$5.3M | $127.9M | |
| Diluted EPS | — | −$0.30 | $0.13 | −$0.38 | −$0.02 | $0.44 | |
| Gross margin | — | -13.1% | 14.4% | 15.1% | 51.2% | 61.5% | |
| Operating margin | — | -164.1% | -36.2% | -123.6% | 8.8% | 38.3% |
Balance sheet, Jun 30, 2026Cash & short-term investments $863.6M · Total debt $572.2M · Total assets $1.20B · Shareholders' equity $388.3M
Dividends
No dividends on record.
Ownership
Shares outstanding 283.74M · Float 230.85M · 81.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| FMR LLC | 18.29M | 6.44% | 13F | May 15, 2026 |
| Van Eck Associates Corp | 8.57M | 3.02% | 13F | May 15, 2026 |
| Vanguard Capital Management LLC | 5.05M | 1.78% | 13F | May 15, 2026 |
| Goldman Sachs Group Inc | 4.98M | 1.75% | 13F | May 15, 2026 |
| Cooper Creek Partners Management LLC | 4.78M | 1.69% | 13F | May 15, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Equity Residential
Direct non-China tungsten-concentrate rival across Europe.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Almonty Industries | $18.06 | +0.11% | $5.12B | 106.1 | 20.2 | 88.0 | +484.5% |
| Equity Residential | $63.66 | −3.50% | $23.87B | 27.9 | 42.5 | 7.6 | +2.1% |
| Median | 27.9 | 42.5 | 7.6 | +2.1% |