Sales Trading was Largo’s largest segment in fiscal 2025, bringing in $92.42M of $109.89M (84%).
| Segments [axis] | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Corporate | $162.51M | — | — | — |
| Sales Trading | $198.77M | $170.88M | $99.71M | $92.42M |
| Mine Properties | — | — | $111.98M | $87.36M |
| Mine Properties, Plant & Equipment | $185.43M | $154.52M | — | — |
| Corporate1 | — | $138.35M | $92.17M | $75.82M |
| Inter-Segment Transactions & Other | — | -$265.07M | -$178.94M | -$145.72M |
| Inter Segment Transactions & Other | -$317.46M | — | — | — |
| Total | $229.25M | $198.68M | $124.92M | $109.89M |
Largo brought in $109.89M from its four segments in fiscal 2025, the year ended December 31, 2025. That was down 12.0% from $124.92M in fiscal 2024. Sales Trading was the largest at $92.42M (84.1%), ahead of Mine Properties at $87.36M (79.5%) and Corporate1 at $75.82M (69.0%).
Compared with fiscal 2024, every segment above 2% of revenue shrank. Sales Trading held up best, down 7.3% to $92.42M, and Mine Properties fell the most, down 22.0% to $87.36M.
Largo began breaking out Mine Properties in fiscal 2024, Corporate1 in fiscal 2023 and Inter-Segment Transactions & Other in fiscal 2023. Largo stopped reporting Corporate ($162.51M in fiscal 2022) and Mine Properties, Plant & Equipment ($154.52M in fiscal 2023) as separate segments. The total is net of Inter-Segment Transactions & Other, which took $145.72M off revenue in fiscal 2025.
V2O5 Revenues was Largo’s largest revenue line in fiscal 2023, bringing in $124.56M of $198.58M (63%).
| Products and services [axis] | FY 2021 | FY 2022 | FY 2023 |
|---|---|---|---|
| V2O5 Revenues | $101.36M | $126.71M | $124.56M |
| Fev Revenues | $96.92M | $93.04M | $59.07M |
| V2O3 Revenues | — | $9.50M | $14.94M |
| Total | $198.28M | $229.25M | $198.58M |
Largo brought in $198.58M from its three revenue lines in fiscal 2023, the year ended December 31, 2023. That was down 13.4% from $229.25M in fiscal 2022. V2O5 Revenues was the largest at $124.56M (62.7%), ahead of Fev Revenues at $59.07M (29.7%) and V2O3 Revenues at $14.94M (7.5%).
Compared with fiscal 2022, V2O3 Revenues grew fastest, up 57.4% to $14.94M, while Fev Revenues fell the most, down 36.5% to $59.07M.
Largo began breaking out V2O3 Revenues in fiscal 2022, when it brought in $9.50M.
Largo (LGO) reports its revenue by segments [axis] and by products and services [axis]. In fiscal 2025, Sales Trading was its largest segment, bringing in $92.42M (84.1% of the total), followed by Mine Properties at $87.36M (79.5%).
Sales Trading was Largo's largest segment in fiscal 2025, bringing in $92.42M, or 84.1% of the $109.89M total across its four segments.
V2O5 Revenues was Largo's largest revenue line in fiscal 2023, bringing in $124.56M, or 62.7% of the $198.58M total across its three revenue lines.
Among Largo's revenue lines that make up at least 2% of revenue, V2O3 Revenues grew fastest in fiscal 2023, up 57.4% from $9.50M to $14.94M.
Every figure comes from Largo's annual financial filings, as reported. Each line keeps the name Largo gives it, and years follow its fiscal calendar.
Largo's revenue by segments [axis] goes back to fiscal 2022, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.