Delisting risk
Largo (LGO)
Produces vanadium and ilmenite from a single Brazilian mine.
$0.7240
At close+0.04 (+5.39%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 60 | 44 | 42 | 29 | 30 | 24 | 28 | 26 | 33 | 22 | 27 | 44 |
| Cost of revenue | 58 | 43 | 50 | 36 | 30 | 30 | 42 | 30 | 34 | 26 | 34 | 48 |
| Gross profit | 2 | 1 | −8 | −8 | 0 | −6 | −14 | −4 | −1 | −4 | −7 | −4 |
| 18 | 10 | 8 | 7 | 9 | 2 | 5 | 4 | 5 | 10 | 4 | 6 | |
| Research & development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 18 | 8 | 7 | 6 | 9 | 2 | 5 | 4 | 5 | 10 | 4 | 5 | |
| Selling & marketing | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| General & administrative | 13 | 8 | 7 | 6 | 9 | 2 | 5 | 4 | 5 | 10 | 0 | 5 |
| Other expenses | 0 | 2 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Operating income | −16 | −9 | −15 | −15 | −9 | −8 | −20 | −7 | −6 | −13 | −12 | −10 |
| −4 | −7 | −3 | −7 | −3 | −12 | 8 | 0 | −4 | −9 | 7 | −7 | |
| Interest income | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest expense | 2 | 4 | 2 | 3 | 2 | 2 | 2 | 3 | 4 | 4 | 3 | 0 |
| Other non-operating income | 0 | 3 | 1 | 4 | 1 | 9 | −10 | −3 | 0 | 5 | −11 | 7 |
| Income before tax | −20 | −16 | −18 | −22 | −12 | −19 | −12 | −7 | −10 | −22 | −5 | −16 |
| Income tax expense | −4 | −3 | −5 | −7 | −2 | −6 | −3 | −2 | 26 | −5 | 0 | 6 |
| Net income from continuing operations | −16 | −13 | −13 | −14 | −10 | −13 | −9 | −6 | −37 | −17 | −5 | −23 |
| Other adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| Net income | −15 | −12 | −13 | −14 | −10 | −13 | −9 | −6 | −37 | −17 | −6 | −22 |
| EPS, basic | −$0.18 | −$0.19 | −$0.20 | −$0.22 | −$0.15 | −$0.20 | −$0.14 | −$0.09 | −$0.56 | −$0.22 | −$0.07 | −$0.21 |
| EPS, diluted | −$0.18 | −$0.19 | −$0.20 | −$0.22 | −$0.15 | −$0.20 | −$0.14 | −$0.09 | −$0.56 | −$0.22 | −$0.07 | −$0.21 |
| Weighted average shares, basic | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 78 | 90 | 103 |
| Weighted average shares, diluted | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 78 | 90 | 103 |
| EBITDA | −5 | −5 | −8 | −13 | −4 | −9 | −4 | 0 | −1 | −11 | 6 | −16 |
| Depreciation & amortization | 11 | 7 | 9 | 6 | 6 | 8 | 6 | 4 | 5 | 7 | 7 | 0 |
| EBIT | −16 | −12 | −17 | −19 | −9 | −17 | −10 | −4 | −6 | −18 | −1 | −16 |
