Business Summary: Largo Inc. is a Canada-based producer and supplier of vanadium and ilmenite products. The Company’s segments include Sales & trading, Mine properties, Corporate, Exploration and evaluation properties (E&E properties), Clean Energy and Largo Physical Vanadium. Its VPURE and VPURE+ products are sourced from one of the vanadium deposits at the Company's Maracas Menchen Mine in Brazil. The Maracas Menchen Mine, located in Bahia State, Brazil, consists of vanadium resources and spans over 48,954 hectares. The VPURE+ Flakes are used in the production of master alloys, where it provides high strength-to-weight ratios for the titanium alloy and aerospace industries. It has also invested in the long-duration energy storage sector through its 50% ownership of Storion Energy, a joint venture with Stryten Energy focused on scalable domestic electrolyte production for utility-scale vanadium flow battery long-duration energy storage solutions in the United States.
Financial Summary: BRIEF: For the nine months ended 30 September 2025, Largo Inc revenues decreased 13% to $87.6M. Net loss increased 39% to $51.2M. Revenues reflect Mine Properties segment decrease of 29% to $59.9M, Corporate segment decrease of 24% to $52.4M. Higher net loss reflects Interest expense and fees increase of 33% to $9.1M (expense), Ilmenite costs and write-down increase of 30% to $6.1M (expense).