| Segmented disclosure [Text Block] |
The Company has six operating segments: sales & trading, mine properties, corporate, exploration and evaluation properties ("E&E properties") (included as part of inter-segment transactions & other), clean energy and Largo Physical Vanadium. Corporate includes the corporate team that provides administrative, technical, financial and other support to all the Company's business units, as well as being part of the Company's sales structure.
| |
|
Sales &
trading |
|
|
Mine
properties |
|
|
Corporate |
|
|
Clean
Energy |
|
|
Largo
Physical
Vanadium |
|
|
Inter-
segment
transactions
& other |
|
|
Total |
|
| Year ended December 31, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues |
$ |
92,421 |
|
$ |
87,357 |
|
$ |
75,824 |
|
$ |
- |
|
$ |
- |
|
$ |
(145,715 |
) |
$ |
109,887 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating costs |
|
(77,234 |
) |
|
(116,206 |
) |
|
(72,893 |
) |
|
- |
|
|
- |
|
|
133,693 |
|
|
(132,640 |
) |
| Professional, consulting and management fees |
|
(2,971 |
) |
|
(1,958 |
) |
|
(5,699 |
) |
|
(1,221 |
) |
|
(651 |
) |
|
- |
|
|
(12,500 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Sales &
trading |
|
|
Mine
properties |
|
|
Corporate |
|
|
Clean
Energy |
|
|
Largo
Physical
Vanadium |
|
|
Inter-
segment
transactions
& other |
|
|
Total |
|
| Foreign exchange (loss) gain |
|
(37 |
) |
|
8,707 |
|
|
(2 |
) |
|
(6 |
) |
|
17 |
|
|
- |
|
|
8,679 |
|
| Other general and administrative expenses |
|
(3,241 |
) |
|
(1,273 |
) |
|
(2,565 |
) |
|
(745 |
) |
|
(180 |
) |
|
(302 |
)1 |
|
(8,306 |
) |
| Share-based payments |
|
- |
|
|
- |
|
|
(2,289 |
) |
|
- |
|
|
- |
|
|
- |
|
|
(2,289 |
) |
| Finance costs |
|
(3,291 |
) |
|
(9,131 |
) |
|
(635 |
) |
|
(3 |
) |
|
(77 |
) |
|
(6 |
)1 |
|
(13,143 |
) |
| Interest income |
|
144 |
|
|
25 |
|
|
109 |
|
|
- |
|
|
5 |
|
|
- |
|
|
283 |
|
| Technology start-up costs |
|
- |
|
|
- |
|
|
- |
|
|
(714 |
) |
|
- |
|
|
- |
|
|
(714 |
) |
| Write-down of vanadium assets |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
294 |
|
|
- |
|
|
294 |
|
| Exploration and evaluation costs |
|
- |
|
|
(198 |
) |
|
- |
|
|
- |
|
|
- |
|
|
(18 |
)2 |
|
(216 |
) |
| Gain on disposal of interest in subsidiary |
|
- |
|
|
- |
|
|
- |
|
|
5,179 |
|
|
- |
|
|
- |
|
|
5,179 |
|
| Share of net loss from investment in associate |
|
- |
|
|
- |
|
|
- |
|
|
(6,189 |
) |
|
- |
|
|
- |
|
|
(6,189 |
) |
| Total (net) expenses |
|
(86,630 |
) |
|
(120,034 |
) |
|
(83,974 |
) |
|
(3,699 |
) |
|
(592 |
) |
|
133,367 |
|
|
(161,562 |
) |
| Net income (loss) before tax |
|
5,791 |
|
|
(32,677 |
) |
|
(8,150 |
) |
|
(3,699 |
) |
|
(592 |
) |
|
(12,348 |
) |
|
(51,675 |
) |
| Income tax expense |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
| Deferred income tax (expense) recovery |
|
(2 |
) |
|
(18,619 |
) |
|
1,558 |
|
|
- |
|
|
- |
|
|
- |
|
|
(17,063 |
) |
| Net income (loss) |
$ |
5,789 |
|
$ |
(51,296 |
) |
$ |
(6,592 |
) |
$ |
(3,699 |
) |
$ |
(592 |
) |
$ |
(12,348 |
) |
$ |
(68,738 |
) |
Revenues
(after inter-segment eliminations) |
|
91,634 |
|
|
16,382 |
|
|
1,871 |
|
|
- |
|
|
- |
|
|
- |
|
|
109,887 |
|
1. Amounts relating to Largo Titânio Ltda. and Largo Tech Ltda., which are not part of an operating segment.
2. Amount relating to E&E properties.
| |
|
Sales &
trading |
|
|
Mine
properties |
|
|
Corporate |
|
|
Clean
Energy |
|
|
Largo
Physical
Vanadium |
|
|
Inter-segment
transactions
& other |
|
|
Total |
|
| Year ended December 31, 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues |
$ |
99,708 |
|
$ |
111,978 |
|
$ |
92,171 |
|
$ |
- |
|
$ |
- |
|
$ |
(178,937 |
) |
$ |
124,920 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating costs |
|
(95,462 |
) |
|
(142,551 |
) |
|
(89,002 |
) |
|
- |
|
|
- |
|
|
181,197 |
|
|
(145,818 |
) |
| Professional, consulting and management fees |
|
(2,323 |
) |
|
(1,875 |
) |
|
(6,086 |
) |
|
(5,481 |
) |
|
(521 |
) |
|
(18 |
) |
|
(16,304 |
) |
| Foreign exchange (loss) gain |
|
(75 |
) |
|
(12,341 |
) |
|
(36 |
) |
|
(27 |
) |
|
(38 |
) |
|
- |
|
|
(12,517 |
) |
| Other general and administrative expenses |
|
(585 |
) |
|
1,069 |
|
|
(2,518 |
) |
|
(2,590 |
) |
|
(186 |
) |
|
(619 |
)1 |
|
(5,429 |
) |
| |
|
Sales &
trading |
|
|
Mine
properties |
|
|
Corporate |
|
|
Clean
Energy |
|
|
Largo
Physical
Vanadium |
|
|
Inter-segment
transactions
& other |
|
|
Total |
|
| Share-based payments |
|
- |
|
|
- |
|
|
(1,321 |
) |
|
- |
|
|
- |
|
|
- |
|
|
(1,321 |
) |
| Finance costs |
|
(678 |
) |
|
(8,653 |
) |
|
83 |
|
|
(39 |
) |
|
(81 |
) |
|
(92 |
)1 |
|
(9,460 |
) |
| Interest income |
|
48 |
|
|
757 |
|
|
700 |
|
|
- |
|
|
18 |
|
|
- |
|
|
1,523 |
|
| Technology start-up costs |
|
- |
|
|
- |
|
|
- |
|
|
(3,392 |
) |
|
- |
|
|
- |
|
|
(3,392 |
) |
| Write-down of vanadium assets |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
(1,119 |
) |
|
- |
|
|
(1,119 |
) |
| Exploration and evaluation costs |
|
- |
|
|
(2,320 |
) |
|
- |
|
|
- |
|
|
- |
|
|
(8 |
)2 |
|
(2,328 |
) |
| Total (net) expenses |
|
(99,075 |
) |
|
(165,914 |
) |
|
(98,180 |
) |
|
(11,529 |
) |
|
(1,927 |
) |
|
180,460 |
|
|
(196,165 |
) |
| Net income (loss) before tax |
|
633 |
|
|
(53,936 |
) |
|
(6,009 |
) |
|
(11,529 |
) |
|
(1,927 |
) |
|
1,523 |
|
|
(71,245 |
) |
| Income tax recovery (expense) |
|
(101 |
) |
|
2,914 |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
2,813 |
|
| Deferred income tax recovery (expense) |
|
19 |
|
|
17,667 |
|
|
181 |
|
|
- |
|
|
- |
|
|
- |
|
|
17,867 |
|
| Net income (loss) |
$ |
551 |
|
$ |
(33,355 |
) |
$ |
(5,828 |
) |
$ |
(11,529 |
) |
$ |
(1,927 |
) |
$ |
1,523 |
|
$ |
(50,565 |
) |
Revenues
(after inter-segment eliminations) |
$ |
99,708 |
|
$ |
24,429 |
|
$ |
783 |
|
$ |
- |
|
$ |
- |
|
$ |
- |
|
$ |
124,920 |
|
1. Amounts relating to Largo Titânio Ltda. and Largo Tech Ltda., which are not part of an operating segment.
2. Amount relating to E&E properties.
|