Largo Resources Ltd (LGO) - Net Assets

Latest as of December 2025: CA$136.54 Million CAD ≈ $98.77 Million USD

Based on the latest financial reports, Largo Resources Ltd (LGO) has net assets worth CA$136.54 Million CAD (≈ $98.77 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$318.75 Million ≈ $230.58 Million USD) and total liabilities (CA$182.22 Million ≈ $131.81 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check LGO tangible net assets ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$136.54 Million
% of Total Assets	42.83%
Annual Growth Rate	N/A
5-Year Change	-48.61%
10-Year Change	584.11%
Growth Volatility	203.11

Largo Resources Ltd - Net Assets Trend (2001–2025)

This chart illustrates how Largo Resources Ltd's net assets have evolved over time, based on quarterly financial data. See LGO cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Largo Resources Ltd (2001–2025)

The table below shows the annual net assets of Largo Resources Ltd from 2001 to 2025. For live valuation and market cap data, see market value of Largo Resources Ltd.

Year	Net Assets	Change
2025-12-31	CA$136.54 Million ≈ $98.77 Million	-20.26%
2024-12-31	CA$171.23 Million ≈ $123.86 Million	-33.06%
2023-12-31	CA$255.80 Million ≈ $185.04 Million	-6.83%
2022-12-31	CA$274.55 Million ≈ $198.61 Million	+3.33%
2021-12-31	CA$265.70 Million ≈ $192.20 Million	+7.50%
2020-12-31	CA$247.16 Million ≈ $178.79 Million	-8.94%
2019-12-31	CA$271.43 Million ≈ $196.35 Million	-5.86%
2018-12-31	CA$288.34 Million ≈ $208.58 Million	+387.62%
2017-12-31	CA$59.13 Million ≈ $42.77 Million	+196.28%
2016-12-31	CA$19.96 Million ≈ $14.44 Million	-15.93%
2015-12-31	CA$23.74 Million ≈ $17.17 Million	-83.37%
2014-12-31	CA$142.77 Million ≈ $103.28 Million	-18.74%
2013-12-31	CA$175.68 Million ≈ $127.09 Million	-3.02%
2012-12-31	CA$181.15 Million ≈ $131.04 Million	+90.13%
2011-12-31	CA$95.27 Million ≈ $68.92 Million	+105.70%
2010-12-31	CA$46.32 Million ≈ $33.50 Million	+41.22%
2009-12-31	CA$32.80 Million ≈ $23.72 Million	+30.63%
2008-12-31	CA$25.11 Million ≈ $18.16 Million	+85.90%
2007-12-31	CA$13.51 Million ≈ $9.77 Million	+121.49%
2006-12-31	CA$6.10 Million ≈ $4.41 Million	+58.97%
2005-12-31	CA$3.84 Million ≈ $2.77 Million	+42.57%
2004-12-31	CA$2.69 Million ≈ $1.95 Million	+780.52%
2003-12-31	CA$305.52K ≈ $221.01K	+572.68%
2002-12-31	CA$45.42K ≈ $32.86K	+196.93%
2001-12-31	CA$-46.86K ≈ $-33.90K	--

Equity Component Analysis

This analysis shows how different components contribute to Largo Resources Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 18445659398.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	CA$423.28 Million	324.72%
Other Comprehensive Income	CA$-123.44 Million	-94.70%
Other Components	CA$17.84 Million	13.69%
Total Equity	CA$130.35 Million	100.00%

Largo Resources Ltd Competitors by Market Cap

The table below lists competitors of Largo Resources Ltd ranked by their market capitalization.

Company	Market Cap
Microsemi Corporation F:MS7	$71.84 Million
Sun Max Tech Ltd TW:6591	$71.90 Million
FTC Solar Inc NASDAQ:FTCI	$71.94 Million
Sentelic Corp TWO:4945	$71.98 Million
Visaka Industries Limited NSE:VISAKAIND	$71.78 Million
HEMARAJ INDUSTRIAL PROPERTY AND LEASEHOLD FUND BK:HPF	$71.78 Million
Dongsin Engineering & Construction KQ:025950	$71.67 Million
Tamawood Ltd AU:TWD	$71.66 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Largo Resources Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 164,818,000 to 130,355,000, a change of -34,463,000 (-20.9%).
Net loss of 68,509,000 reduced equity.
Share repurchases of 21,675,000 reduced equity.
New share issuances of 21,675,000 increased equity.
Other comprehensive income increased equity by 10,083,000.
Other factors increased equity by 23,963,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CA$-68.51 Million	-52.56%
Share Repurchases	CA$21.68 Million	-16.63%
Share Issuances	CA$21.68 Million	+16.63%
Other Comprehensive Income	CA$10.08 Million	+7.74%
Other Changes	CA$23.96 Million	+18.38%
Total Change	CA$-	-20.91%

Book Value vs Market Value Analysis

This analysis compares Largo Resources Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.53x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2001-12-31	CA$-0.75	CA$1.02	x
2002-12-31	CA$0.70	CA$1.02	x
2003-12-31	CA$3.04	CA$1.02	x
2004-12-31	CA$14.04	CA$1.02	x
2005-12-31	CA$14.36	CA$1.02	x
2006-12-31	CA$11.11	CA$1.02	x
2007-12-31	CA$15.22	CA$1.02	x
2008-12-31	CA$19.98	CA$1.02	x
2009-12-31	CA$16.54	CA$1.02	x
2010-12-31	CA$18.16	CA$1.02	x
2011-12-31	CA$24.39	CA$1.02	x
2012-12-31	CA$27.03	CA$1.02	x
2013-12-31	CA$19.61	CA$1.02	x
2014-12-31	CA$14.14	CA$1.02	x
2015-12-31	CA$1.42	CA$1.02	x
2016-12-31	CA$0.52	CA$1.02	x
2017-12-31	CA$1.26	CA$1.02	x
2018-12-31	CA$4.49	CA$1.02	x
2019-12-31	CA$5.07	CA$1.02	x
2020-12-31	CA$4.03	CA$1.02	x
2021-12-31	CA$4.08	CA$1.02	x
2022-12-31	CA$4.12	CA$1.02	x
2023-12-31	CA$3.88	CA$1.02	x
2024-12-31	CA$2.57	CA$1.02	x
2025-12-31	CA$1.92	CA$1.02	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Largo Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): -52.56%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -62.34%
• Asset Turnover: 0.34x
• Equity Multiplier: 2.45x
Recent ROE (-52.56%) is below the historical average (-46.44%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2001	0.00%	0.00%	0.00x	0.00x	CA$-81.43K
2002	-201.25%	-1754.85%	0.06x	1.95x	CA$-95.95K
2003	-118.79%	-4366.71%	0.03x	1.04x	CA$-393.49K
2004	-24.17%	0.00%	0.00x	1.11x	CA$-919.15K
2005	-16.36%	0.00%	0.00x	1.13x	CA$-1.01 Million
2006	-40.47%	0.00%	0.00x	1.05x	CA$-3.08 Million
2007	-39.22%	0.00%	0.00x	1.61x	CA$-6.65 Million
2008	-25.00%	0.00%	0.00x	1.45x	CA$-8.79 Million
2009	-2.45%	0.00%	0.00x	1.37x	CA$-4.08 Million
2010	-7.36%	0.00%	0.00x	1.41x	CA$-8.04 Million
2011	-4.00%	0.00%	0.00x	1.86x	CA$-13.33 Million
2012	-13.99%	0.00%	0.00x	1.34x	CA$-43.46 Million
2013	-6.19%	0.00%	0.00x	1.97x	CA$-28.44 Million
2014	-31.60%	0.00%	0.00x	2.52x	CA$-59.38 Million
2015	-394.51%	-1710.00%	0.02x	9.59x	CA$-96.03 Million
2016	-207.37%	-68.48%	0.23x	13.17x	CA$-43.38 Million
2017	-14.01%	-6.21%	0.45x	4.99x	CA$-14.19 Million
2018	80.45%	60.60%	0.94x	1.41x	CA$203.14 Million
2019	-10.21%	-25.86%	0.30x	1.31x	CA$-54.87 Million
2020	2.74%	5.63%	0.40x	1.20x	CA$-17.96 Million
2021	8.50%	11.38%	0.63x	1.18x	CA$-4.00 Million
2022	-0.84%	-0.97%	0.64x	1.34x	CA$-28.77 Million
2023	-12.20%	-15.27%	0.52x	1.53x	CA$-55.21 Million
2024	-30.23%	-39.89%	0.39x	1.93x	CA$-66.31 Million
2025	-52.56%	-62.34%	0.34x	2.45x	CA$-81.54 Million

Industry Comparison

This section compares Largo Resources Ltd's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.

Industry Context

Industry: Other Industrial Metals & Mining
Average net assets among peers: $40,440,349
Average return on equity (ROE) among peers: -44.34%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Largo Resources Ltd (LGO)	CA$136.54 Million	0.00%	1.33x	$71.81 Million
Aftermath Silver Ltd (AAG)	$23.92 Million	-29.78%	0.34x	$168.05 Million
Aton Resources Inc (AAN)	$2.59 Million	-161.78%	0.36x	$43.33 Million
Arbor Metals Corp (ABR)	$3.78 Million	-10.88%	0.34x	$8.19 Million
Asiabasemetals Inc (ABZ)	$717.72K	-45.73%	0.05x	$3.27 Million
Adex Mining Inc (ADE)	$-4.38 Million	0.00%	0.00x	$67.72 Million
Alphamin Res (AFM)	$310.73 Million	15.51%	0.36x	$1.34 Billion
Silver X Mining Corp (AGX)	$18.71 Million	-66.45%	1.77x	$126.80 Million
Amarc Resources Ltd. (AHR)	$1.25 Million	-166.39%	1.91x	$163.00 Million
Almonty Industries Inc (AII)	$47.10 Million	22.07%	0.87x	$5.44 Billion
Aldebaran Resources Inc (ALDE)	$1.00	0.00%	0.00x	$390.90 Million

About Largo Resources Ltd

TO:LGO Canada Other Industrial Metals & Mining

Market Cap

$71.81 Million

CA$99.28 Million CAD

Market Cap Rank

#20592 Global

#709 in Canada

Share Price

CA$1.02

Change (1 day)

-5.56%

52-Week Range

CA$1.02 - CA$3.52

All Time High

CA$46.00