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Largo's Q2 revenue falls to $26.12 mln

ReutersAug 12, 2025 9:20 PM


Overview

  • Largo Q2 2025 revenue falls to $26.1 mln from $28.6 mln in Q2 2024

  • Operating costs down 17% to $30.1 mln in Q2 2025

  • Net loss of $5.8 mln in Q2 2025, a 60% improvement over Q2 2024


Outlook

  • Largo focuses on optimizing performance amid market challenges


Result Drivers

  • COST REDUCTIONS - Operating costs reduced by 17% due to cost containment measures and operational stabilization efforts

  • VANADIUM MARKET CONDITIONS - Vanadium prices remain under pressure, affecting revenue from vanadium sales

  • LIQUIDITY MEASURES - Secured a $6 mln loan to support working capital amid challenging market conditions


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

$26.12 mln

Q2 Net Income

-$5.75 mln

Q2 Basic EPS

-$0.09


Analyst Coverage

  • The one available analyst rating on the shares is "buy"

  • The average consensus recommendation for the uranium peer group is "buy"

  • Wall Street's median 12-month price target for Largo Inc is C$4.85, about 63.1% above its August 11 closing price of C$1.79

Press Release: ID:nBw70DNvPa

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