Largo Inc. balance sheet

At the end of fiscal 2025, Largo Inc. had total assets of $319m, total liabilities of $182m and shareholders' equity of $130m. It held $9.7m in cash against $107m of debt: net debt of $97.3m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Largo Inc.: balance sheet, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	79	84	54	43	22	10
Receivables	19	24	21	26	10	11
Inventory	35	45	64	62	48	50
Total current assets	137	160	154	137	93	78
Total assets	298	314	356	382	319	319
Total current liabilities	44	42	39	42	114	154
Short-term debt	25	15	4	0	75	107
Long-term debt	—	0	36	75	18	0
Total debt	25	15	40	75	92	107
Total liabilities	51	48	81	126	147	182
Shareholders' equity	247	266	265	249	165	130
Non-controlling interests and other (assets − liabilities − equity)	—	—	9	—	6	—
Net debt (negative = net cash)	−54	−69	−14	32	70	97
Shares outstanding	58,779m	64,727m	64,006m	64m	64m	84m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Largo Inc.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Largo Inc.