Largo Physical Vanadium Corp. (TSXV:VAND)

Largo Physical Vanadium Balance Sheet

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Cash & Equivalents	0.23	0.86	0.78	6.36
Cash & Short-Term Investments	0.23	0.86	0.78	6.36
Cash Growth	-73.02%	10.55%	-87.70%	-
Other Receivables	0.01	0.01	0.9	0.09
Receivables	0.01	0.01	0.9	0.09
Prepaid Expenses	0.06	0.03	0.03	5.39
Total Current Assets	0.3	0.91	1.71	11.83
Other Long-Term Assets	17.74	17.3	19.08	16.23
Total Assets	18.05	18.21	20.8	28.06
Accounts Payable	0.77	0.62	0.45	0.46
Total Current Liabilities	0.77	0.62	0.45	0.46
Long-Term Deferred Tax Liabilities	-	-	-	0.33
Total Liabilities	0.77	0.62	0.45	0.79
Common Stock	28.1	28.1	28.1	28.1
Retained Earnings	-10.82	-10.51	-7.76	-0.84
Shareholders' Equity	17.28	17.59	20.35	27.27
Total Liabilities & Equity	18.05	18.21	20.8	28.06
Net Cash (Debt)	0.23	0.86	0.78	6.36
Net Cash Growth	-73.02%	10.55%	-87.70%	-
Net Cash Per Share	0.02	0.05	0.05	1.21
Filing Date Shares Outstanding	7.66	16.82	16.82	16.82
Total Common Shares Outstanding	7.66	16.82	16.82	16.82
Working Capital	-0.46	0.29	1.26	11.37
Book Value Per Share	2.26	1.05	1.21	1.62
Tangible Book Value	17.28	17.59	20.35	27.27
Tangible Book Value Per Share	2.26	1.05	1.21	1.62

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