Largo Q2 2026 loss widens as higher production costs outweigh 68% revenue jump, company says

Reuters2026/08/14 20:58

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Largo posted Q2 2026 revenue of USD 44 million, up 68%, on higher vanadium and ilmenite sales volumes.
Net loss widened to USD 22.74 million from USD 5.75 million, driven by higher production costs, corporate fees, finance costs.
Vanadium sales rose to 2,773 tonnes; production climbed 29% to 2,900 tonnes, supported by better ore availability.
Materials and other production costs increased 60% to USD 48.03 million, reflecting higher volumes, cost inflation, weaker USD/BRL translation.
Adjusted EBITDA improved to USD 2.7 million from USD 0.03 million, while operating cash flow turned negative on working-capital outflows.

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 2026 loss widens as higher production costs outweigh 68% revenue jump, company says

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