Almonty Industries stock fell 3.55 percent as Q2 profit surged

Published on 10/07/2026 at 03:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Almonty Industries stock was last at USD 13.04 on October 6, 2026. Q2 revenue reached USD 42.99 million and net income was USD 181.8 million.

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) was last at USD 13.04 on Nasdaq on October 6, 2026 at 4:00 p.m. ET, down 3.55 percent from the prior close. The latest operating picture combines a sharp quarterly profit with continued execution at the Sangdong tungsten project.

Q2 profit changes the picture

For the quarter ended June 30, 2026, Almonty generated USD 42.99 million in revenue and USD 181.8 million in net income, according to Simply Wall St. The company had reported a loss in the comparable prior-year quarter, making the earnings swing the central change in the current financial profile.

The revenue figure also rose from USD 25.4 million in Q1 2026 to USD 42.99 million in Q2, an increase of 69.25 percent. The finance data show diluted EPS of USD 0.62 in Q2, compared with a loss of USD 0.02 in Q1, while operating cash flow reached USD 21.928 million in the latest quarter.

Sangdong remains the operating test

Almonty's investor-relations page identifies Nasdaq: ALM and describes the company as a tungsten producer focused on mines, processing and projects that can move toward production and cash flow. Its Sangdong mine in South Korea is therefore the key execution point behind the revenue expansion.

The company also entered the quarter with USD 1.227 billion in cash as of June 30, 2026, according to the financial statements. That liquidity gives Almonty room to fund mine development, but the current earnings figure deserves careful reading because the Q2 net income included a large non-cash gain from derivative and warrant revaluation, as reported by Simply Wall St.

Targets remain above the market

Sphene Capital reiterated a Buy rating on September 28, 2026, and set a USD 26.40 target, previously CAD 38.90, in research published through EQS News. MarketBeat reported a Buy consensus on September 7, 2026, based on one Strong Buy, four Buy and one Hold rating, with an average target of USD 26.81, as MarketBeat reported.

The average consensus target stands 105.6 percent above the October 6 price. That gap places execution, rather than headline quarterly profit alone, at the center of the stock valuation.

Almonty Industries stock stays volatile

Almonty Industries stock was last at USD 13.04 on Nasdaq on October 6, 2026 at 4:00 p.m. ET. The 52-week range was USD 5.43 to USD 24.41, while market capitalization stood at USD 3.7 billion and volume reached 4,887,372 shares.