← Largo Inc.
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| Net loss for the year | $22.6m | ($2.2m) | ($32.4m) | ($50.6m) | ($68.7m) | — | |
| Share of net loss from associate | — | — | — | $0 | $6.2m | — | |
| Net Income | — | ($1.5m) |
($30.3m)
-1991.18%
|
($49.8m)
-64.22%
|
($68.5m)
-37.49%
|
($64.3m)
+6.20%
|
|
| Net Income From Continuing Operations | — | ($2.2m) | ($32.4m) | ($50.6m) | ($68.7m) | ($64.3m) | |
| Depreciation | $22.5m | $23.3m | $29.2m | $28.7m | $22.0m | $23.4m | |
| Deferred income tax expense (recovery) | $3.8m | ($1.4m) | ($2.8m) | ($17.9m) | $17.1m | $19.8m | |
| Deferred Income Tax | — | $6.3m | ($2.7m) | ($20.7m) | $17.1m | $19.8m | |
| Deferred Tax | — | $6.3m | ($2.7m) | ($20.7m) | $17.1m | $19.8m | |
| Share-based payments | $3.1m | $2.4m | ($362k) | $1.3m | $2.3m | — | |
| Asset Impairment Charge | — | $0 | $8.9m | $19.6m | $21.0m | $6.3m | |
| Earnings (Loss)es From Equity Investments | — | — | — | $0 | $6.2m | $7.0m | |
| Change In Working Capital | — | ($18.0m) | $11.9m | $7.9m | ($9.1m) | ($18.9m) | |
| Change In Receivables | — | $3.6m | ($3.9m) | $14.1m | ($595k) | $8.4m | |
| Write-down of inventory | — | — | $4.1m | $18.5m | $21.3m | — | |
| Change in inventory | ($11.0m) | ($15.7m) | $5.4m | ($5.8m) | ($15.7m) | ($30.6m) | |
| Inventory subject to return | — | — | — | ($12.8m) | ($7.2m) | — | |
| Changes in accounts payable and provisions | $1.8m | $5.2m | $4.6m | ($383k) | $8.6m | — | |
| Change in deferred revenue | $2.2m | ($3.8m) | $1.9m | $336k | ($352k) | — | |
| Net Cash (Used in) Provided by Operating Activities | $39.8m |
$3.5m
-91.30%
|
$21.2m
+512.63%
|
$11.2m
-47.36%
|
($10.2m)
-191.60%
|
($14.6m)
-42.46%
|
|
| Mine properties, plant and equipment | ($27.4m) | ($42.2m) | ($53.5m) | ($42.2m) | ($27.4m) | — | |
| Capital Expenditure | $27.4m | ($45.6m) | ($53.7m) | ($42.2m) | ($27.4m) | ($25.4m) | |
| Net Other Investing Changes | — | ($14.5m) | ($9.2m) | — | — | — | |
| Net Cash Used in Investing Activities | ($27.4m) | ($60.1m) | ($62.9m) | ($42.2m) | ($26.4m) | ($25.4m) | |
| Receipt of debt | $15.0m | $55.0m | $70.0m | $44.4m | $107.0m | — | |
| Repayment of debt | ($24.8m) | ($30.0m) | ($35.0m) | ($27.1m) | ($92.2m) | ($24.0m) | |
| Issuance Of Debt | — | $55.0m | $70.0m | $44.4m | $107.0m | $132.5m | |
| Long Term Debt Payments | — | ($569k) | ($580k) | ($600k) | $0 | ($24.0m) | |
| Net Issuance Payments Of Debt | — | $24.4m | $34.4m | $16.7m | $14.8m | $16.3m | |
| Net Long Term Debt Issuance | — | ($569k) | ($580k) | ($600k) | $0 | $1.5m | |
| Net Short Term Debt Issuance | — | $25.0m | $35.0m | $17.3m | $14.8m | $14.8m | |
| Short Term Debt Issuance | — | $55.0m | $70.0m | $44.4m | $107.0m | $107.0m | |
| Short Term Debt Payments | — | ($30.0m) | ($35.0m) | ($27.1m) | ($92.2m) | ($92.2m) | |
| Common Stock Issuance | — | $277k | $0 | $0 | $21.7m | $40.9m | |
| Common Stock Payments | $0 | ($6.1m) | $0 | — | — | — | |
| Issuance Of Capital Stock | — | $277k | $0 | $0 | $21.7m | $40.9m | |
| Repurchase Of Capital Stock | $0 | ($6.1m) | $0 | — | — | — | |
| Cash Dividends Paid | — | $0 | $0 | $0 | $0 | $0 | |
| Net Other Financing Charges | — | $8.4m | $1.8m | $1.7m | $407k | $205k | |
| Net Cash Provided by Financing Activities | ($6.9m) |
$26.4m
+483.00%
|
$29.1m
+10.18%
|
$12.0m
-58.65%
|
$23.9m
+98.39%
|
$43.2m
+80.92%
|
|
| Cash position - beginning of the year | $83.8m | $54.5m | $42.7m | $22.1m | $9.7m | — | |
| Beginning Cash Position | — | $83.8m | $54.5m | $42.7m | $22.1m | $8.4m | |
| Change in restricted cash | ($448k) | ($22k) | ($242k) | $182k | $148k | — | |
| Effect Of Exchange Rate Changes | — | $933k | $804k | ($1.6m) | $378k | ($537k) | |
| Additional Supplementary Disclosures | |||||||
| Additional Supplementary Disclosures | |||||||
| Unrealized foreign exchange (gain) loss | $324k | ($4.6m) | ($509k) | $12.1m | ($10.1m) | — | |
| Finance costs | $1.1m | $1.6m | $9.6m | $9.5m | $13.1m | — | |
| Interest income | ($403k) | ($1.1m) | ($2.0m) | ($1.5m) | ($283k) | — | |
| Derecognition of PPE | — | — | $0 | $1.1m | $0 | — | |
| Write-down of vanadium assets | — | $0 | $4.9m | $1.1m | ($294k) | — | |
| Income tax recovery | $5.4m | $7.7m | $88k | ($2.8m) | $0 | — | |
| Income tax refund (paid) | ($3.1m) | ($4.7m) | ($686k) | $2.9m | ($181k) | — | |
| Gain on disposal of interest in subsidiary | — | — | — | $0 | ($5.2m) | — | |
| Cash (Used) Provided Before Working Capital Items | $55.4m | $21.4m | $5.3m | $3.2m | ($2.8m) | — | |
| Change in amounts receivable | ($5.4m) | $3.6m | ($3.9m) | $14.1m | ($595k) | — | |
| Revenues subject to refund | — | — | $0 | $13.6m | $8.9m | — | |
| Change in prepaid expenses | ($3.2m) | ($7.2m) | $8.0m | ($278k) | ($1.1m) | — | |
| Interest and finance costs paid | $0 | ($616k) | ($7.1m) | ($6.3m) | ($13.0m) | — | |
| Interest received | $403k | $1.1m | $2.0m | $1.5m | $259k | $1.0m | |
| Lease payments | ($230k) | ($569k) | ($580k) | ($600k) | $0 | — | |
| Share and warrant issuance | $3.2m | $277k | $0 | $0 | $21.7m | — | |
| Disposal of interest in subsidiary | — | — | — | $0 | $1.0m | — | |
| Effect of foreign exchange on cash | ($831k) | $933k | $804k | ($1.6m) | $378k | — | |
| Net Change in Cash | $4.6m | ($29.3m) | ($11.8m) | ($20.6m) | ($12.4m) | — | |
| Cash Flow From Continuing Financing Activities | — | $26.4m | $29.1m | $12.0m | $23.9m | $43.2m | |
| Cash Flow From Continuing Investing Activities | — | ($60.1m) | ($62.9m) | ($42.2m) | ($26.4m) | ($25.4m) | |
| Change In Account Payable | — | $5.2m | $4.6m | ($383k) | $8.6m | ($1.2m) | |
| Change In Cash Supplemental As Reported | — | ($29.3m) | ($11.8m) | ($20.6m) | ($12.4m) | — | |
| Change In Other Working Capital | — | ($3.8m) | $1.9m | $336k | ($352k) | $5.1m | |
| Change In Payable | — | $5.2m | $4.6m | ($383k) | $8.6m | ($1.2m) | |
| Change In Prepaid Assets | — | ($7.2m) | $8.0m | ($278k) | ($1.1m) | ($2.0m) | |
| Changes In Cash | — | ($30.3m) | ($12.6m) | ($19.0m) | ($12.8m) | $3.3m | |
| End Cash Position | — | $54.5m | $42.7m | $22.1m | $9.7m | $11.7m | |
| Financing Cash Flow | — | $26.4m |
$29.1m
+10.18%
|
$12.0m
-58.65%
|
$23.9m
+98.39%
|
$43.2m
+80.92%
|
|
| Free Cash Flow | — | ($42.2m) | ($32.5m) | ($31.1m) | ($37.7m) | ($39.9m) | |
| Gain Loss On Sale Of Business | — | — | — | $0 | ($5.2m) | ($2.8m) | |
| Gain Loss On Sale Of PPE | — | $0 | $0 | $1.1m | $0 | $0 | |
| Interest Received CFI | — | — | — | $0 | $1.0m | $1.0m | |
| Investing Cash Flow | — | ($60.1m) | ($62.9m) | ($42.2m) | ($26.4m) | ($25.4m) | |
| Net Foreign Currency Exchange Gain Loss | — | ($4.6m) | ($509k) | $12.1m | ($10.1m) | ($3.2m) | |
| Net Intangibles Purchase And Sale | $0 | ($3.4m) | ($157k) | $0 | — | $172k | |
| Net PPE Purchase And Sale | — | ($42.2m) | ($53.5m) | ($42.2m) | ($27.4m) | ($25.4m) | |
| Operating Gains Losses | — | ($4.6m) | ($353k) | $13.2m | ($9.1m) | $981k | |
| Other Non Cash Items | — | $1.1m | $7.6m | $8.8m | $14.6m | — | |
| Provisionand Write Offof Assets | — | ($58k) | $0 | — | — | — | |
| Purchase Of Intangibles | $0 | ($3.4m) | ($157k) | — | — | ($15k) | |
| Stock Based Compensation | — | $2.4m | ($362k) | $1.3m | $2.3m | $2.3m |