Largo's Q2 revenue falls to $26.12 mln

Largo

12/08/2025 22:20

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

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)