Largo Physical Vanadium Corp.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Total Revenue | 7.00 | 0.00 | -156,686 | -1.8M | 0.00 | -- |
| Operating Revenue | 7.00 | 0.00 | -156,686 | -1.8M | 0.00 | -- |
| Selling General And Administration | 119,328 | 124,116 | 154,243 | 125,822 | 84,219 | -- |
| General And Administrative Expense | 119,328 | 124,116 | 154,243 | 125,822 | 84,219 | -- |
| Other Operating Expenses | 36,575 | 37,492 | 37,933 | 37,972 | 39,511 | -- |
| Operating Expense | 204,107 | 204,254 | 229,993 | 332,450 | 163,894 | -- |
| Operating Income | -204,100 | -204,254 | -386,679 | -2.2M | -163,894 | -- |
| EBIT | -204,100 | -204,254 | -386,679 | -2.2M | -163,894 | -- |
| Interest Income | -- | 4,937 | -- | 4,669 | 0.00 | -- |
| Interest Income Non Operating | -- | 4,937 | -- | 4,669 | 0.00 | -- |
| Net Interest Income | -402.00 | 4,526 | -397.00 | 4,292 | -372.00 | -- |
| Other Income Expense | 46,594 | -- | 9,114 | 2.3M | -1.3M | -368,572 |
| Special Income Charges | 59,945 | 0.00 | -- | 2.3M | -1.3M | -368,572 |
| Gain On Sale Of Security | -13,351 | -- | 9,114 | -33,817 | 24,574 | -368,572 |
| Pretax Income | -157,908 | -199,728 | -377,962 | 135,735 | -1.5M | -- |
| Tax Provision | -- | -- | -- | 0.00 | 0.00 | -- |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Net Income From Continuing And Discontinued Operation | -157,908 | -199,728 | -377,962 | 135,735 | -1.5M | -- |
| Net Income From Continuing Operation Net Minority Interest | -157,908 | -199,728 | -377,962 | 135,735 | -1.5M | -- |
| Net Income Including Noncontrolling Interests | -157,908 | -199,728 | -377,962 | 135,735 | -1.5M | -- |
| Net Income Common Stockholders | -157,908 | -199,728 | -377,962 | 135,735 | -1.5M | -- |
| Net Income | -157,908 | -199,728 | -377,962 | 135,735 | -1.5M | -- |
| EBITDA | -204,100 | -204,254 | -386,679 | -2.2M | -163,894 | -- |
| Normalized EBITDA | -250,694 | -204,254 | -395,793 | -4.5M | 1.1M | -- |
| Basic EPS | -0.01 | -0.01 | -0.02 | -- | -0.09 | -0.04 |
| Diluted EPS | -0.01 | -0.01 | -0.02 | -- | -0.09 | -0.04 |
| Basic Average Shares | 15.8M | 20.0M | 18.9M | -- | 16.2M | 15.2M |
| Diluted Average Shares | 15.8M | 20.0M | 18.9M | -- | 16.2M | 15.2M |
| Total Unusual Items | 46,594 | 0.00 | 9,114 | 2.3M | -1.3M | -- |
| Total Unusual Items Excluding Goodwill | 46,594 | 0.00 | 9,114 | 2.3M | -1.3M | -- |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Normalized Income | -204,502 | -199,728 | -387,076 | -2.2M | -164,266 | -- |
| Diluted NI Availto Com Stockholders | -157,908 | -199,728 | -377,962 | 135,735 | -1.5M | -- |
| Gain On Sale Of Ppe | 0.00 | -- | -- | -- | -144,465 | -- |
| Impairment Of Capital Assets | -59,945 | 0.00 | -- | -- | 1.2M | 368,572 |
| Net Income Continuous Operations | -157,908 | -199,728 | -377,962 | 135,735 | -1.5M | -- |
| Net Non Operating Interest Income Expense | -402.00 | 4,526 | -397.00 | 4,292 | -372.00 | -- |
| Other Gand A | 81,828 | 10,485 | 118,901 | 86,370 | 34,174 | -- |
| Other Taxes | 48,204 | 42,646 | 37,817 | 173,626 | 40,164 | -- |
| Salaries And Wages | 37,500 | 113,631 | 35,342 | 39,452 | 50,045 | -- |
| Total Expenses | 204,107 | 204,254 | 229,993 | 332,450 | 163,894 | -- |
| Total Operating Income As Reported | -- | -- | -- | -- | -1.5M | -- |
| Total Other Finance Cost | 402.00 | 411.00 | 397.00 | 377.00 | 372.00 | -- |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Cash And Cash Equivalents | 324,320 | 412,537 | 691,740 | 864,177 | 998,157 | -- |
| Cash Cash Equivalents And Short Term Investments | 324,320 | 412,537 | 691,740 | 864,177 | 998,157 | -- |
| Receivables | 9,253 | 22,546 | 13,366 | 12,975 | 7,420 | -- |
| Prepaid Assets | 39,240 | 43,799 | 26,613 | 29,408 | 32,384 | -- |
| Current Assets | 372,813 | 478,882 | 731,719 | 906,560 | 1.0M | -- |
| Other Non Current Assets | 17.2M | 17.1M | 17.1M | 17.3M | 16.8M | -- |
| Total Non Current Assets | 17.2M | 17.1M | 17.1M | 17.3M | 16.8M | -- |
| Total Assets | 17.6M | 17.6M | 17.9M | 18.2M | 17.8M | -- |
| Payables And Accrued Expenses | 710,111 | 598,326 | 667,034 | 620,599 | 390,026 | -- |
| Current Liabilities | 710,111 | 598,326 | 667,034 | 620,599 | 390,026 | -- |
| Total Non Current Liabilities Net Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Total Liabilities Net Minority Interest | 710,111 | 598,326 | 667,034 | 620,599 | 390,026 | -- |
| Common Stock | 28.1M | 28.1M | 28.1M | 28.1M | 28.1M | -- |
| Capital Stock | 28.1M | 28.1M | 28.1M | 28.1M | 28.1M | -- |
| Retained Earnings | -11.2M | -11.1M | -10.9M | -10.5M | -10.6M | -- |
| Common Stock Equity | 16.9M | 17.0M | 17.2M | 17.6M | 17.5M | -- |
| Stockholders Equity | 16.9M | 17.0M | 17.2M | 17.6M | 17.5M | -- |
| Total Equity Gross Minority Interest | 16.9M | 17.0M | 17.2M | 17.6M | 17.5M | -- |
| Total Capitalization | 16.9M | 17.0M | 17.2M | 17.6M | 17.5M | -- |
| Net Tangible Assets | 16.9M | 17.0M | 17.2M | 17.6M | 17.5M | -- |
| Tangible Book Value | 16.9M | 17.0M | 17.2M | 17.6M | 17.5M | -- |
| Working Capital | -337,298 | -119,444 | 64,685 | 285,961 | 647,935 | -- |
| Invested Capital | 16.9M | 17.0M | 17.2M | 17.6M | 17.5M | -- |
| Share Issued | 16.8M | 16.8M | 16.8M | 16.8M | 16.8M | -- |
| Ordinary Shares Number | 16.8M | 16.8M | 16.8M | 16.8M | 16.8M | -- |
| Taxes Receivable | 9,253 | 22,546 | 13,366 | 12,975 | 7,420 | -- |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | -88,217 | -279,203 | -172,437 | -100,176 | -210,921 | -- |
| Cash Flow From Continuing Operating Activities | -88,217 | -279,203 | -172,437 | -100,176 | -210,921 | -- |
| Deferred Tax | -- | -- | -- | 0.00 | 0.00 | 0.00 |
| Deferred Income Tax | -- | -- | -- | 0.00 | 0.00 | 0.00 |
| Change In Working Capital | 129,636 | -95,074 | 48,839 | 227,994 | -71,229 | -- |
| Change In Receivables | 13,293 | -9,180 | -391.00 | -5,555 | 16,083 | -- |
| Change In Payables And Accrued Expense | 111,784 | -68,708 | 46,435 | 230,573 | -90,653 | -- |
| Other Non Cash Items | -59,945 | 0.00 | 156,686 | -353,245 | 1.2M | -- |
| Capital Expenditure | -- | -- | -- | -501,344 | -- | -- |
| Purchase Of PPE | -- | -- | -- | -501,344 | -49,007 | 0.00 |
| Net PPE Purchase And Sale | -- | -- | -- | 1.00 | -49,007 | 0.00 |
| Investing Cash Flow | -- | -- | -- | 1.00 | -49,007 | 0.00 |
| Cash Flow From Continuing Investing Activities | -- | -- | -- | 1.00 | -49,007 | 0.00 |
| Effect Of Exchange Rate Changes | -- | -- | -- | -33,805 | 0.00 | 0.00 |
| Changes In Cash | -88,217 | -279,203 | -172,437 | -100,175 | -259,928 | -- |
| Beginning Cash Position | 412,537 | 691,740 | 864,177 | 998,157 | 1.3M | -- |
| End Cash Position | 324,320 | 412,537 | 691,740 | 864,177 | 998,157 | -- |
| Free Cash Flow | -88,217 | -279,203 | -172,437 | -601,520 | -259,928 | -- |
| Change In Prepaid Assets | 4,559 | -17,186 | 2,795 | 2,976 | 3,341 | -- |
| Net Foreign Currency Exchange Gain Loss | -- | -- | -- | 33,805 | 0.00 | 0.00 |
| Net Income From Continuing Operations | -157,908 | -184,129 | -377,962 | 135,735 | -1.5M | -- |
| Operating Gains Losses | -- | -- | -- | -110,660 | -- | -- |