Largo Physical Vanadium Corp.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2022Jul 31, 2022 | FY 2021Jul 31, 2021 |
|---|---|---|---|---|---|
| Total Revenue | -1.8M | -6.1M | 881,954 | 0.00 | -- |
| Operating Revenue | -1.8M | -6.1M | 881,954 | 0.00 | -- |
| Selling General And Administration | 575,770 | 913,167 | 757,053 | 34,934 | -- |
| General And Administrative Expense | 575,770 | 913,167 | 757,053 | 34,934 | -- |
| Other Operating Expenses | 160,388 | 206,676 | 58,031 | 22.37 | -- |
| Operating Expense | 909,784 | 1.1M | 815,084 | 34,957 | -- |
| Operating Income | -2.7M | -7.2M | 66,870 | -34,957 | -- |
| EBIT | -2.7M | -7.2M | -508,380 | -34,957 | -- |
| Interest Expense | -- | 1,769 | 0.00 | -- | -- |
| Interest Expense Non Operating | -- | 1,769 | 0.00 | -- | -- |
| Interest Income | 17,534 | 0.00 | 162,162 | -- | -- |
| Interest Income Non Operating | 17,534 | 0.00 | 162,162 | -- | -- |
| Net Interest Income | 16,095 | -2,214 | 160,367 | -- | -- |
| Other Income Expense | -34,574 | -4,716 | -735,617 | -- | -- |
| Special Income Charges | 0.00 | -53,780 | -1.2M | -- | -- |
| Gain On Sale Of Security | -34,574 | 49,064 | 499,872 | -- | -- |
| Pretax Income | -2.8M | -7.2M | -508,380 | -34,957 | -- |
| Tax Provision | 0.00 | -329,716 | 329,716 | -- | -- |
| Tax Effect Of Unusual Items | 0.00 | -214.54 | -192,805 | 0.00 | -- |
| Net Income From Continuing And Discontinued Operation | -2.8M | -6.9M | -838,096 | -34,957 | -- |
| Net Income From Continuing Operation Net Minority Interest | -2.8M | -6.9M | -838,096 | -34,957 | -- |
| Net Income Including Noncontrolling Interests | -2.8M | -6.9M | -838,096 | -34,957 | -- |
| Net Income Common Stockholders | -2.8M | -6.9M | -838,096 | -34,957 | -- |
| Net Income | -2.8M | -6.9M | -838,096 | -34,957 | -- |
| EBITDA | -2.7M | -7.2M | -508,380 | -34,957 | -- |
| Normalized EBITDA | -2.7M | -7.2M | 227,237 | -34,957 | -- |
| Basic EPS | -0.16 | -0.41 | -0.16 | -0.00 | -- |
| Diluted EPS | -0.16 | -0.41 | -0.16 | -0.00 | -- |
| Basic Average Shares | 17.2M | 16.9M | 16.8M | 16.8M | -- |
| Diluted Average Shares | 17.2M | 16.9M | 16.8M | 16.8M | -- |
| Total Unusual Items | -34,574 | -4,716 | -735,617 | -- | -- |
| Total Unusual Items Excluding Goodwill | -34,574 | -4,716 | -735,617 | -- | -- |
| Tax Rate For Calcs | 0.00 | 0.05 | 0.26 | 0.00 | -- |
| Normalized Income | -2.7M | -6.9M | -295,284 | -34,957 | -- |
| Diluted NI Availto Com Stockholders | -2.8M | -6.9M | -838,096 | -34,957 | -- |
| Impairment Of Capital Assets | -- | -- | -881,954 | -- | -- |
| Net Income Continuous Operations | -2.8M | -6.9M | -838,096 | -34,957 | -- |
| Net Non Operating Interest Income Expense | 16,095 | -2,214 | 160,367 | -- | -- |
| Other Gand A | 424,537 | 688,921 | 755,949 | 34,934 | -- |
| Other Special Charges | -- | 53,780 | 1.2M | -- | -- |
| Other Taxes | 173,626 | 74.00 | 0.00 | -- | -- |
| Rent And Landing Fees | -- | 0.00 | 1,104 | -- | -- |
| Rent Expense Supplemental | -- | 0.00 | 1,104 | -- | -- |
| Salaries And Wages | 151,233 | 224,246 | 0.00 | 0.00 | -- |
| Total Expenses | 909,784 | 1.1M | 815,084 | 34,957 | -- |
| Total Other Finance Cost | 1,439 | 2,214 | 1,795 | -- | -- |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2022Jul 31, 2022 | FY 2021Jul 31, 2021 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 864,177 | 781,713 | 6.4M | 289,798 | -- |
| Cash Cash Equivalents And Short Term Investments | 864,177 | 781,713 | 6.4M | 289,798 | -- |
| Cash Financial | -- | -- | -- | 184,533 | 214,699 |
| Accounts Receivable | -- | -- | -- | 65,938 | 0.00 |
| Receivables | 12,975 | 895,780 | 89,281 | 0.00 | -- |
| Prepaid Assets | 29,408 | 34,718 | 5.4M | 500,373 | -- |
| Current Assets | 906,560 | 1.7M | 11.8M | 22.5M | -- |
| Other Non Current Assets | 17.3M | 19.1M | 16.2M | -- | -- |
| Total Non Current Assets | 17.3M | 19.1M | 16.2M | 0.00 | -- |
| Total Assets | 18.2M | 20.8M | 28.1M | 22.5M | -- |
| Payables And Accrued Expenses | 620,599 | 448,981 | 462,758 | 513,560 | -- |
| Other Current Liabilities | -- | -- | -- | 22.2M | -- |
| Current Liabilities | 620,599 | 448,981 | 462,758 | 22.7M | -- |
| Total Non Current Liabilities Net Minority Interest | 0.00 | 0.00 | 329,716 | 0.00 | -- |
| Total Liabilities Net Minority Interest | 620,599 | 448,981 | 792,474 | 22.7M | -- |
| Common Stock | 28.1M | 28.1M | 28.1M | 463,284 | -- |
| Capital Stock | 28.1M | 28.1M | 28.1M | 463,284 | -- |
| Retained Earnings | -10.5M | -7.8M | -838,096 | -653,714 | -- |
| Gains Losses Not Affecting Retained Earnings | -- | -- | -- | 37,755 | 30,258 |
| Other Equity Adjustments | -- | -- | -- | 37,755 | 30,258 |
| Common Stock Equity | 17.6M | 20.3M | 27.3M | -190,430 | -- |
| Stockholders Equity | 17.6M | 20.3M | 27.3M | -190,430 | -- |
| Total Equity Gross Minority Interest | 17.6M | 20.3M | 27.3M | -190,430 | -- |
| Total Capitalization | 17.6M | 20.3M | 27.3M | -190,430 | -- |
| Net Tangible Assets | 17.6M | 20.3M | 27.3M | -190,430 | -- |
| Tangible Book Value | 17.6M | 20.3M | 27.3M | -190,430 | -- |
| Working Capital | 285,961 | 1.3M | 11.4M | -190,430 | -- |
| Invested Capital | 17.6M | 20.3M | 27.3M | -190,430 | -- |
| Share Issued | 16.8M | 16.8M | 16.8M | 16.8M | -- |
| Ordinary Shares Number | 16.8M | 16.8M | 16.8M | 16.8M | -- |
| Non Current Deferred Liabilities | -- | 0.00 | 329,716 | 0.00 | -- |
| Non Current Deferred Taxes Liabilities | -- | 0.00 | 329,716 | 0.00 | -- |
| Restricted Cash | -- | -- | 0.00 | 21.7M | -- |
| Taxes Receivable | 12,975 | 895,780 | 89,281 | 0.00 | -- |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2022Jul 31, 2022 | FY 2021Jul 31, 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | 165,275 | 3.4M | -6.2M | -38,938 | -- |
| Cash Flow From Continuing Operating Activities | 165,275 | 3.4M | -6.2M | -38,938 | -- |
| Stock Based Compensation | -- | -- | -- | 0.00 | -- |
| Deferred Tax | 0.00 | -329,716 | 329,716 | -- | -- |
| Deferred Income Tax | 0.00 | -329,716 | 329,716 | -- | -- |
| Change In Working Capital | 1.1M | 4.5M | -5.0M | 46,886 | -- |
| Change In Receivables | 882,805 | -806,499 | -89,281 | -50,868 | -- |
| Change In Payables And Accrued Expense | 171,618 | -13,777 | 451,426 | 46,886 | -- |
| Other Non Cash Items | 1.8M | 6.1M | -310,541 | -50,868 | -- |
| Capital Expenditure | -550,351 | -9.9M | -9.8M | -- | -- |
| Purchase Of PPE | -550,351 | -9.9M | -9.8M | -- | -- |
| Net PPE Purchase And Sale | -49,006 | -9.0M | -9.8M | -- | -- |
| Investing Cash Flow | -49,006 | -9.0M | -9.7M | -- | -- |
| Cash Flow From Continuing Investing Activities | -49,006 | -9.0M | -9.7M | -- | -- |
| Issuance Of Capital Stock | -- | 0.00 | 22.6M | 0.00 | -- |
| Net Common Stock Issuance | -- | 0.00 | 22.6M | 0.00 | -- |
| Financing Cash Flow | -- | 0.00 | 22.1M | -25,373 | -- |
| Cash Flow From Continuing Financing Activities | -- | 0.00 | 22.1M | -25,373 | -- |
| Effect Of Exchange Rate Changes | -33,805 | 56,342 | 134,424 | -- | -- |
| Changes In Cash | 116,269 | -5.6M | 6.2M | -64,311 | -- |
| Beginning Cash Position | 781,713 | 6.4M | 0.00 | 206,669 | -- |
| End Cash Position | 864,177 | 781,713 | 6.4M | 142,358 | -- |
| Free Cash Flow | -385,076 | -6.6M | -16.0M | -38,938 | -- |
| Change In Prepaid Assets | 5,310 | 5.4M | -5.4M | -- | -- |
| Common Stock Issuance | -- | 0.00 | 22.6M | 0.00 | -- |
| Gain Loss On Sale Of PPE | -- | -46,591 | 0.00 | -- | -- |
| Net Foreign Currency Exchange Gain Loss | 33,805 | -39,787 | -330,677 | -- | -- |
| Net Income From Continuing Operations | -2.8M | -6.9M | -838,096 | -34,957 | -- |
| Net Other Financing Charges | -- | -- | -467,042 | -25,373 | -- |
| Net Other Investing Changes | -- | -- | 109,164 | -- | -- |
| Operating Gains Losses | 33,805 | -39,787 | -330,677 | -- | -- |
| Sale Of PPE | 501,345 | 932,948 | -- | -- | -- |