Financials Almonty Industries Inc.

Equities

Market Closed - Toronto S.E. Other stock markets 16:00:00 2026-01-20 EST			5-day change	1st Jan Change
13.05 ^CAD	+11.44%		+3.33%	+8.12%

01-07	Certain Restricted Stock Units of Almonty Industries Inc. are subject to a Lock-Up Agreement Ending on 8-JAN-2026.	CI
01-07	Certain Options of Almonty Industries Inc. are subject to a Lock-Up Agreement Ending on 8-JAN-2026.	CI

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	25.1	20.85	24.8	22.51	28.84	38.02	187.2	390.4
Change	-	-16.93%	18.94%	-9.22%	28.1%	31.84%	392.3%	108.59%
EBITDA ¹	0.704	0.434	3.845	-4.797	-5.797	-8.236	88.96	232.9
Change	-	-38.35%	785.94%	-224.76%	-20.85%	-42.07%	1,180.19%	161.77%
EBIT ¹	-8.947	-	-7.409	-5.874	-6.917	-16.6	94.56	223.2
Change	-	-	-	20.72%	-17.76%	-140.05%	669.47%	136.05%
Interest Paid ¹	-3.139	-3.487	-3.863	-4.305	-4.568	-4.637	-7.963	-9.991
Earnings before Tax (EBT) ¹	-10.14	-8.245	-14.13	-8.77	-15.93	-59.93	79.2	207.7
Change	-	18.71%	-71.43%	37.95%	-81.6%	-276.33%	232.15%	162.3%
Net income ¹	-9.057	-7.753	-14.49	-8.837	-16.3	-59.65	66.34	179.9
Change	-	14.4%	-86.9%	39.01%	-84.43%	-266%	211.21%	171.18%
Announcement Date	5/14/21	3/30/22	3/31/23	4/1/24	3/22/25	-	-	-

¹CAD in Million

Estimates

Fiscal Period: December	2022 Q2	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2
Net sales ¹	-	7.908	7.192	8.695	16.19	32.07	43.27	48.7	53.67	58.02	82.66
Change	-	-	-9.05%	20.9%	86.19%	98.08%	34.94%	12.55%	10.2%	8.09%	42.48%
EBITDA ¹	-	-2.366	-4.761	-2.188	4.789	9.515	19.8	24.59	28.89	32.53	51.68
Change	-	-	-101.23%	54.04%	318.88%	98.68%	108.15%	24.15%	17.49%	12.61%	58.88%
EBIT ¹	-	-3.505	-11.8	-3.148	3.364	5.333	18.42	26.3	32.33	-	-
Change	-	-	-236.8%	73.33%	206.85%	58.55%	245.45%	42.77%	22.91%	-	-
Charge d'intérêts ¹	-	-1.206	-1.122	-1.061	-1.075	-2.876	-2.876	-2.876	-2.876	-	-
Earnings before Tax (EBT) ¹	-	-34.53	-58.15	33.35	7.19	1.218	14.31	22.19	28.21	-	-
Change	-	-	-68.41%	157.36%	-78.44%	-83.05%	1,074.23%	55.07%	27.15%	-	-
Net income ¹	-2,356	-34.62	-58.21	33.19	2.005	1.056	11.11	17.27	22.07	-	-
Change	-	98.53%	-68.13%	157.02%	-93.96%	-47.33%	951.75%	55.46%	27.84%	-	-
Announcement Date	8/12/22	5/15/25	8/14/25	11/3/25	-	-	-	-	-	-	-

¹CAD in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	59.2	66.7	81	108	150	218	180	71.7
Change	-	12.67%	21.44%	33.33%	38.89%	45.15%	-17.43%	-60.17%
Announcement Date	5/14/21	3/30/22	3/31/23	4/1/24	3/22/25	-	-	-

¹CAD in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	6.294	10	22.76	17.49	36.23	67.31	123.1	68.88
Change	-	58.9%	127.53%	-23.13%	107.13%	85.79%	82.82%	-44.02%
Free Cash Flow (FCF) ¹	-11.12	-	-28.33	-29.19	-43.73	-56.03	-48.58	110.4
Change	-	-	-	-3.04%	-49.81%	-28.14%	13.3%	327.34%
Announcement Date	5/14/21	3/30/22	3/31/23	4/1/24	3/22/25	-	-	-

¹CAD in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	2.81%	2.08%	15.51%	-21.31%	-20.1%	-21.66%	47.53%	59.65%
EBIT Margin (%)	-35.65%	-	-29.88%	-26.1%	-23.99%	-43.68%	50.52%	57.17%
EBT Margin (%)	-40.42%	-39.55%	-57%	-38.96%	-55.23%	-157.65%	42.32%	53.21%
Net margin (%)	-36.09%	-37.19%	-58.44%	-39.26%	-56.52%	-156.9%	35.44%	46.08%
FCF margin (%)	-44.33%	-	-114.24%	-129.68%	-151.65%	-147.39%	-25.96%	28.29%
FCF / Net Income (%)	122.83%	-	195.5%	330.32%	268.31%	93.94%	-73.23%	61.4%
Profitability
ROA	-	-	-	-	-	-	-	-
ROE	-28.76%	-	-37.52%	-20.03%	-37.22%	-	64.9%	69.8%
Financial Health
Leverage (Debt/EBITDA)	84.02x	153.59x	21.08x	-22.52x	-25.91x	-26.41x	2.02x	0.31x
Debt / Free cash flow	-5.32x	-	-2.86x	-3.7x	-3.43x	-3.88x	-3.7x	0.65x
Capital Intensity
CAPEX / Current Assets (%)	25.08%	47.97%	91.77%	77.71%	125.65%	177.06%	65.75%	17.64%
CAPEX / EBITDA (%)	894.03%	2,304.38%	591.81%	-364.64%	-625%	-817.32%	138.33%	29.58%
CAPEX / FCF (%)	-56.58%	-	-80.33%	-59.92%	-82.85%	-120.13%	-253.31%	62.37%
Items per share
Cash flow per share ¹	-0.0395	-	-0.0387	-0.0774	-0.0442	-0.005	0.355	0.655
Change	-	-	-	-100%	42.83%	88.7%	7,200%	84.51%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	0.2385	-	0.276	0.3111	0.2208	0.1	0.3	0.98
Change	-	-	-	12.72%	-29.03%	-54.71%	200%	226.67%
EPS ¹	-0.075	-	-0.105	-0.06	-0.09	-0.2678	0.2689	0.746
Change	-	-	-	42.86%	-50%	-197.56%	200.4%	177.47%
Nbr of stocks (in thousands)	122,310	-	143,987	155,926	175,460	278,225	278,225	278,225
Announcement Date	5/14/21	-	3/31/23	4/1/24	3/22/25	-	-	-