Largo Inc. (LGO)
Nasdaq: LGO · Mining & Quarrying of Nonmetallic Minerals (No Fuels) · Toronto, Ontario, ON · filing with the SEC since 2007
Income statement, as filed
In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands.| Fiscal year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Period ending | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
| Report filed | Apr 1, 2026 | Mar 28, 2025 | Mar 22, 2024 | Mar 9, 2023 | Mar 16, 2022 | · |
| Revenue | 109,887 | 124,920 | 198,684 | 229,251 | 198,280 | 119,987 |
| Cost of revenue | 52,559 | 68,478 | 103,545 | 94,521 | 75,126 | 48,929 |
| Gross profit | · | · | · | · | 198,280 | 121,623 |
| Research and development | 714 | 3,392 | 6,122 | 12,695 | 3,835 | 0 |
| Selling, general and administrative | 8,306 | 5,429 | 11,792 | 14,319 | 6,404 | 3,329 |
| Sales and marketing | 7,305 | 7,418 | 8,540 | 9,169 | 5,302 | 2,269 |
| Total operating expenses | 132,640 | 145,818 | 174,758 | 169,719 | 133,010 | 88,390 |
| Finance costs | 13,143 | 9,460 | 9,630 | 1,588 | 1,135 | 1,350 |
| Finance income | 283 | 1,523 | 2,018 | 1,109 | 403 | 1,148 |
| Share of profit of equity-method investments | -6,189 | 0 | · | · | · | · |
| Other gains and losses | · | · | · | · | 0 | 1,636 |
| Income before income taxes | -51,675 | -71,245 | -35,056 | 4,039 | 31,759 | 7,723 |
| Income tax expense | 17,063 | -20,680 | -2,698 | 6,265 | 9,188r | -962 |
| Net income | -68,738 | -50,565 | -32,358 | -2,226 | 22,571 | 6,761 |
| Net income to non-controlling interests | -229 | -737 | -2,015 | -775 | 0 | · |
| Net income to shareholders | -68,509 | -49,828 | -30,343 | -1,451 | 22,571 | · |
| Earnings per share, basic | -1.01 | -0.78 | -0.51 | -0.03 | 0.35 | 0.12 |
| Earnings per share, diluted | -1.01 | -0.78 | -0.51 | -0.03 | 0.35 | 0.11 |
| Weighted average shares, basic | 67,833 | 64,088 | 64,038 | 64,446 | 64,048 | 56,402 |
| Weighted average shares, diluted | 67,833 | 64,088 | 64,038 | 64,446,000b | 65,045 | 61,360 |
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it sold
ifrs-full:RevenueCost of revenue what it cost to make or buy what it sold
ifrs-full:CostOfSalesGross profit revenue less the cost of what it sold
ifrs-full:GrossProfitResearch and development spent on inventing what it sells next
ifrs-full:ResearchAndDevelopmentExpenseSelling, general and administrative the cost of selling and of running the company
ifrs-full:SellingGeneralAndAdministrativeExpenseSales and marketing the cost of finding and serving customers
ifrs-full:DistributionCostsTotal operating expenses the running costs together
ifrs-full:OperatingExpenseFinance costs what its borrowing cost
ifrs-full:FinanceCostsFinance income what its cash and investments earned
ifrs-full:FinanceIncomeShare of profit of equity-method investments its share of companies it partly owns
ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethodOther gains and losses gains and costs outside the business
ifrs-full:OtherGainsLossesIncome before income taxes profit before tax
ifrs-full:ProfitLossBeforeTaxIncome tax expense tax charged on the period's profit
ifrs-full:IncomeTaxExpenseContinuingOperationsNet income the whole group's profit, minority holders' share included
ifrs-full:ProfitLossNet income to non-controlling interests the share that belongs to minority holders
ifrs-full:ProfitLossAttributableToNoncontrollingInterestsNet income to shareholders the profit or loss that belongs to the company's shareholders
ifrs-full:ProfitLossAttributableToOwnersOfParentEarnings per share, basic net income per share outstanding
ifrs-full:BasicEarningsLossPerShareEarnings per share, diluted net income per share, counting every share that could be issued
ifrs-full:DilutedEarningsLossPerShareWeighted average shares, basic the average count of shares outstanding
ifrs-full:WeightedAverageSharesWeighted average shares, diluted the average count with every share that could be issued
ifrs-full:AdjustedWeightedAverageShares