05:12 PM EST, 11/12/2025 (MT Newswires) -- Largo (LGO.TO) after trade on Wednesday reported a wider third-quarter loss and higher revenue.

The company lost US$36.6 million, or US$0.57 per share, in the period, compared with a loss of US$10.1 million, or US$0.16, a year prior. The company said that the difference was mainly related to the non-cash derecognition of a deferred tax asset of US$28.4 million.

Revenue rose to US$33.3 million from US$29.9 million in the year-ago quarter.

The company improved production to 2,636 tonnes of vanadium oxide in the third quarter, up from 2,256 tonnes in the second quarter and 1,297 tonnes in the first quarter, Interim Chief Executive Daniel Tellechea said, adding this has helped lower the company's adjusted cash operating costs excluding royalties.

"We continue to look for ways to deliver high-purity vanadium products for the US and European aerospace and defense industries, and to navigate the geopolitical landscape, inclusive of the US tariffs on our Brazilian products as well as the ongoing geopolitical developments and policy shifts impacting supplying dynamics," he said.

Largo shares closed down $0.05 to $1.54 on the Toronto Stock Exchange.