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The latest update is out from Almonty Industries ( (TSE:AII) ).
Almonty Industries reported its fourth-quarter and full-year 2025 results on March 18, 2026, highlighting a major operational shift as the Sangdong mine in South Korea moved from development to active mining, with first ore delivered to the run-of-mine pad in December 2025 and a formal commissioning ceremony held on March 17, 2026. The company also strengthened its growth platform by acquiring the Gentung Tungsten Project in Montana and making key senior appointments, including a new COO and CDO, to drive project execution and supply optimization.
For the quarter ended December 31, 2025, revenue rose 39% year over year to $8.7 million and full-year revenue grew 13% to $32.5 million, benefiting from a 534% year-over-year surge in trailing twelve-month tungsten APT prices to US$2,250 per MTU. Despite this, Almonty posted a full-year net loss of $161.9 million, largely due to a non-cash $97.4 million loss on revaluation of derivative liabilities tied to a sharply higher share price, while general and administrative costs climbed on capital markets and regulatory activity, including two 2025 equity offerings that lifted cash to $268.4 million and positioned the company to complete Sangdong commissioning and expand production to meet rising Western demand for secure tungsten supply.
The most recent analyst rating on (TSE:AII) stock is a Buy with a C$25.00 price target. To see the full list of analyst forecasts on Almonty Industries stock, see the TSE:AII Stock Forecast page.
Spark’s Take on AII Stock
According to Spark, TipRanks’ AI Analyst, AII is a Neutral.
The score is held down primarily by weak financial performance (large losses and very high leverage) and a valuation profile tied to negative earnings. Strong technical momentum supports the score, but overbought indicators add near-term risk.
To see Spark’s full report on AII stock, click here.
More about Almonty Industries
Almonty Industries Inc. is a Toronto-based, multi-listed mining company and leading global producer of tungsten concentrate, with operations including the Panasqueira mine in Portugal and the Sangdong tungsten mine in South Korea. The company focuses on supplying secure tungsten feedstock to Western industrial and defense supply chains and is expanding its portfolio with projects such as the Sangdong Molybdenum Project and the Gentung Tungsten Project in Montana, U.S.
Average Trading Volume: 851,854
Technical Sentiment Signal: Buy
Current Market Cap: C$6.4B
Learn more about AII stock on TipRanks’ Stock Analysis page.