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Almonty Industries Inc (ASX:AII)

ALERT: Price-sensitive ASX Announcement for AII
Current share price for AII : $25.890 6.28 (32.02%)+
Announcement
Release
12 Aug 2026 9:12AM
Price at Release
$19.610
Full Release
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Summary
Almonty Industries Inc. reported a strong financial performance for the six months ending June 30, 2026, with a significant increase in revenue and net income compared to the same period in 2025. The company is focused on the development of the Sangdong tungsten mine in South Korea and continues operations at the Panasqueira mine in Portugal. Financial activities were highlighted by substantial cash holdings and convertible senior notes issuance. Almonty plans to delist from the Toronto and Australian stock exchanges and has seen an increase in administrative expenses. Key achievements include the completion of financial instruments and strategic amendments to supply agreements.
Key Points
  • Almonty Industries Inc. is engaged in the development of the Sangdong tungsten mine project in South Korea and operates the Panasqueira tin and tungsten mine in Portugal.
  • For the six months ended June 30, 2026, Almonty reported revenue of CAD 68,389 thousand, significantly higher than the CAD 15,100 thousand for the same period in 2025.
  • The company experienced a net income of CAD 176,533 thousand for the six months ended June 30, 2026, compared to a net loss of CAD 92,831 thousand for the same period in 2025.
  • Almonty had approximately CAD 1,227,242 thousand in cash as of June 30, 2026, a substantial increase from the previous year's CAD 268,409 thousand.
  • Key financial activities in 2026 included significant issuance of convertible senior notes and a capped call transaction.
  • The company plans to delist from both the Toronto Stock Exchange and the Australian Securities Exchange by September 2026.
  • General and administrative expenses more than doubled from CAD 7,494 thousand in 2025 to CAD 15,992 thousand in 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.