Largo Physical Vanadium Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2022
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Jul '22 Jul 31, 2022
Net Income	-0.58	-2.76	-6.92	-0.91	-1.39
Other Operating Activities	-0.37	1.86	5.75	-0.34	0.01
Change in Accounts Payable	0.32	0.17	-0.01	0.49	1.08
Change in Other Net Operating Assets	-0.01	0.89	4.54	-5.97	-0.07
Operating Cash Flow	-0.64	0.17	3.36	-6.73	-0.38
Operating Cash Flow Growth	-	-95.09%	-	-	-
Cash Acquisitions	-0.5	-0.55	-9.93	-10.61	-
Divestitures	0.5	0.5	0.93	-	-
Investing Cash Flow	0	-0.05	-9	-10.61	-
Issuance of Common Stock	-	-	-	25.15	0.99
Other Financing Activities	-	-	-	-1.02	-
Financing Cash Flow	-	-	-	24.13	0.99
Foreign Exchange Rate Adjustments	-0.03	-0.03	0.06	0.15	0.01
Net Cash Flow	-0.67	0.08	-5.58	6.94	0.62
Levered Free Cash Flow	-0.3	0.49	3.83	-	-
Unlevered Free Cash Flow	-0.3	0.49	3.83	-	-
Change in Working Capital	0.31	1.06	4.53	-5.48	1.01

Source: S&P Capital IQ. Standard template. Financial Sources.