Largo Q2 FY26 net loss widens to $22.74 million; revenue climbs 68.5% to $44 million

Reuters2026/08/14 20:43

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Largo posted Q2 2026 revenue of $44 million, up 68.5% from a year earlier; net loss widened to $22.74 million.
Adjusted EBITDA (non-GAAP) turned positive at $2.7 million; cash provided before working-capital items climbed 206.2% to $6.59 million.
V₂O₅ equivalent sales rose 53.5% to 2,773 tonnes; production increased 28.5% to 2,900 tonnes, near the top of guidance.
Cash operating costs excluding royalties rose 10.2% to $5.10/lb sold due to higher diesel, explosives, sulfur-derived reagents, fuel oil.
Secured a $60.1 million U.S. Defense Logistics Agency delivery order; started copper-PGM concentrate output on Aug. 7, guiding 300–380 tonnes monthly.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Largo Inc. published the original content used to generate this news brief on August 14, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Largo Q2 FY26 net loss widens to $22.74 million; revenue climbs 68.5% to $44 million

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