Largo FY26 Q1 net loss narrows 48.6% to $4.73 million; revenue falls 2.5% to $27.53 million

Largo Inc.

Largo Inc.

LGO

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  • Largo posted a Q1 net loss that narrowed 48.6% to USD 4.7 million; revenue slipped 2.5% to USD 27.5 million.
  • Adjusted EBITDA loss widened to USD 4.34 million from a year earlier; results reflected early-quarter impact from a 50% U.S. import tariff on Brazilian products, later cut to 10% mid-quarter.
  • V2O5 equivalent production more than doubled to 2,616 tonnes, while V2O5 equivalent sales rose 3.6% to 2,141 tonnes.
  • April V2O5 equivalent sales totaled 1,230 tonnes; management expects tariff relief and stronger U.S. pricing to begin showing up in Q2 revenue realization.
  • Largo reiterated 2026 guidance for V2O5 equivalent production of 10,500–12,000 tonnes, with sales seen at 7,500–9,500 tonnes.


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