Largo Physical Vanadium Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Other Revenue	0	-	-	-
Revenue	0	-	-	-
Gross Profit	0	-	-	-
Selling, General & Admin	0.77	0.91	1.12	0.89
Operating Expenses	0.77	0.91	1.12	0.89
Operating Income	-0.76	-0.91	-1.12	-0.89
Interest & Investment Income	-	0.02	-	0.18
Currency Exchange Gain (Loss)	0.46	-0.03	0.05	0.55
Other Non Operating Income (Expenses)	-0	-1.83	-6.18	-0.39
Pretax Income	-0.31	-2.76	-7.25	-0.55
Income Tax Expense	-	-	-0.33	0.36
Net Income	-0.31	-2.76	-6.92	-0.91
Net Income to Common	-0.31	-2.76	-6.92	-0.91
Shares Outstanding (Basic)	15	17	17	5
Shares Outstanding (Diluted)	15	17	17	5
Shares Change (YoY)	-10.54%	2.12%	222.14%	-
EPS (Basic)	-0.02	-0.16	-0.41	-0.17
EPS (Diluted)	-0.02	-0.16	-0.41	-0.17
Gross Margin	100.00%	-	-	-
Operating Margin	-15425.29%	-	-	-
Profit Margin	-6232.24%	-	-	-
EBIT	-0.76	-0.91	-1.12	-0.89
Revenue as Reported	0.45	-1.81	-6.12	1.14

Source: S&P Global Market Intelligence. Standard template. Financial Sources.