Largo Inc. cash flow statement

In fiscal 2025, Largo Inc.'s operations generated −$10.2m of cash; it spent $27.4m on capital projects, leaving free cash flow of −$37.7m.

Cash flow statement

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

Largo Inc.: cash flow statement, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	−60	40	3	21	11	−10
Depreciation and amortisation	17	22	21	26	27	21
Stock-based pay	2	3	2	−0	1	2
Capital spending	18	27	42	54	42	27
Free cash flow	−78	12	−39	−32	−31	−38
Free cash flow after stock pay	−79	9	−41	−32	−32	−40

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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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.