Bank-In­de­pen­dent In­vest­ment Hou­se, GBC AG

GBC AG

Research study based on publicly available financial figures. Includes a description of the business performance, forecasts and a valuation model.

Bank-In­de­pen­dent In­vest­ment Hou­se

GBC AG, headquartered in Augsburg, is one of the leading bank-independent investment houses in Germany and an experienced issuing expert for German SMEs.

As an owner-managed company, GBC AG knows the financing needs of German SMEs and is an independent and reliable partner for all capital market issues.

Within the GBC Group, GBC AG offers corporate analysis & research, capital market & financing consulting as well as capital market conferences.

GBC Kapital GmbH complements the services in the group with corporate finance in the areas of placement & brokerage of bonds and shares.

Equity Bottom-Up

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<li>Almonty Industries Inc. delivered first half 2025 results that highlight both the transitional state of its operating portfolio and the considerable strategic progress achieved in the period.</li>
<li>For the six months ended June 30, 2025, revenue totaled C$15.10 million, down modestly from C$15.76 million in the prior-year period, while the net loss widened sharply to C$92.83 million compared with C$5.58 million in the first half of 2024.</li>
<li>The increase in losses was driven primarily by non-cash revaluation charges related to warrants and embedded derivatives, along with higher share-based compensation and increased corporate expenses linked to the company’s redomiciling and U.S. listing preparations.</li>
</ul>


Almonty Industries Inc. delivered first half 2025 results that highlight both the transitional state of its operating portfolio and the considerable strategic progress achieved in the period.
For the six months ended June 30, 2025, revenue totaled C$15.10 million, down modestly from C$15.76 million in the prior-year period, while the net loss widened sharply to C$92.83 million compared with C$5.58 million in the first half of 2024.
The increase in losses was driven primarily by non-cash revaluation charges related to warrants and embedded derivatives, along with higher share-based compensation and increased corporate expenses linked to the company’s redomiciling and U.S. listing preparations.


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