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/Mis Actual Consensu

s s

Estimate

Q2 $26.12

Revenue mln

Q2 Net -$5.75

Income mln

Q2 Basic -$0.09

EPS

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 ( LGO ) is C$4.85, about 63.1% above its August 11 closing price of C$1.79

Press Release:

(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.)