Largo Physical Vanadium Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Jul '22 Jul 31, 2022
Cash & Equivalents	0.09	0.23	0.86	0.78	6.36	0.31
Cash & Short-Term Investments	0.09	0.23	0.86	0.78	6.36	0.31
Cash Growth	-86.28%	-73.02%	10.55%	-87.70%	1958.12%	-
Other Receivables	0.02	0.01	0.01	0.9	0.09	-
Receivables	0.02	0.01	0.01	0.9	0.09	-
Prepaid Expenses	0.05	0.06	0.03	0.03	5.39	0.53
Restricted Cash	-	-	-	-	-	23.17
Total Current Assets	0.17	0.3	0.91	1.71	11.83	24.01
Other Long-Term Assets	23.7	17.74	17.3	19.08	16.23	-
Total Assets	23.87	18.05	18.21	20.8	28.06	24.01
Accounts Payable	0.87	0.77	0.62	0.45	0.46	0.55
Other Current Liabilities	-	-	-	-	-	23.67
Total Current Liabilities	0.87	0.77	0.62	0.45	0.46	24.21
Long-Term Deferred Tax Liabilities	-	-	-	-	0.33	-
Total Liabilities	0.87	0.77	0.62	0.45	0.79	24.21
Common Stock	28.1	28.1	28.1	28.1	28.1	0.49
Retained Earnings	-5.11	-10.82	-10.51	-7.76	-0.84	-0.7
Shareholders' Equity	23	17.28	17.59	20.35	27.27	-0.2
Total Liabilities & Equity	23.87	18.05	18.21	20.8	28.06	24.01
Net Cash (Debt)	0.09	0.23	0.86	0.78	6.36	0.31
Net Cash Growth	-86.28%	-73.02%	10.55%	-87.70%	1958.12%	-
Net Cash Per Share	0.01	0.02	0.05	0.05	1.21	1.24
Filing Date Shares Outstanding	16.82	16.82	16.82	16.82	16.82	0.32
Total Common Shares Outstanding	16.82	16.82	16.82	16.82	16.82	0.32
Working Capital	-0.7	-0.46	0.29	1.26	11.37	-0.2
Book Value Per Share	1.37	1.03	1.05	1.21	1.62	-0.64
Tangible Book Value	23	17.28	17.59	20.35	27.27	-0.2
Tangible Book Value Per Share	1.37	1.03	1.05	1.21	1.62	-0.64