Largo reports Q4 EPS (19c) vs (21c) last year

Reports Q4 revenue $24.3M vs $44.2M last year. Daniel Tellechea, Interim CEO and Director of Largo (LGO), stated: “We recognize the significant operational and market challenges Largo has encountered and are taking decisive steps to reposition the Company. While our cost reduction initiatives have already delivered measurable results-such as a 30% reduction in operating costs in Q4 2024 compared to the prior year-we continue to face production challenges and near-term financial pressures that require focused action.” He continued: “As part of our operational turnaround strategy, we’ve implemented a number of critical initiatives in recent months to further enhance productivity and strengthen cost controls. With the appointment of Gordon Babcock and Luis Rendon as Co-Chief Operating Officers in February 2025, we’ve further intensified our focus on execution and efficiency across the business. Under their leadership, our team is actively identifying and acting on additional opportunities to improve operational performance.”