Largo Inc (LGO) Reports Q2 2026 Earnings: Revenue Up 68.5%, Secures Major DLA Order
Largo Inc reported a significant increase in revenue for the second quarter of 2026, reaching $44 million—a 68.5% rise driven by higher sales volumes and improved vanadium pricing. Despite this growth, the company posted a net loss of $22.7 million due to non-cash asset write-downs and deferred tax expenses. The firm achieved strong operational performance with vanadium production rising 28.5% year-over-year to 2,900 tonnes and sales increasing by 53.5%. Largo also secured a $60.1 million delivery order from the U.S. Defense Logistics Agency for high-purity vanadium products. Additionally, it restructured $82.2 million in commercial debt, extending maturities to reduce near-term refinancing risks. Management reiterated full-year production and sales guidance while highlighting efforts to diversify revenue through copper and platinum group metals (PGMs) byproduct production.
Topics: debt_restructuring ebitda net_loss production_increase revenue_growth vanadium