Earnings ·
Largo Inc. reported Q2 2026 revenues of $44.0 million, a 68.5% increase from the prior year period, driven by higher…
LGOLargo Inc.
Largo Inc. reported Q2 2026 revenues of $44.0 million, a 68.5% increase from the prior year period, driven by higher vanadium prices and a 53.5% rise in sales volumes to 2,773 tonnes. Adjusted EBITDA improved significantly to $2.7 million from $34 thousand, while Mining Operations Adjusted EBITDA rose 64.8% to $4.4 million. The company secured a $60.1 million delivery order from the U.S. Defense Logistics Agency and commenced full-scale production of copper-PGM concentrates as by-products at its Maracás Menchen Mine in Brazil, targeting 300-380 tonnes per month. Despite these operational gains, Largo recorded a net loss of $22.7 million due to non-cash asset write-downs and higher input costs. The company operates in the mining industry as the world's largest primary vanadium producer.