Largo Physical Vanadium Corp.

Largo Physical Vanadium Corp.

VAND.V
Largo Physical Vanadium Corp.CA flagToronto Stock Exchange Ventures
0.79
CAD
- -
- -
13.29MMarket Cap
Largo Physical Vanadium Corp.
VAND.V
(Toronto Stock Exchange Ventures)

Recent

price

0.79

P/E

ratio

- -

div

yld

- -

ROIC.AI

2021
2022
2022
2023
2024
2025
TTM
FRC
- -
- -
0.05
-0.36
-0.11
0.03
0.42
Revenue per Share
- -
- -
-0.05
-0.41
-0.16
-0.02
0.18
Basic EPS, GAAP
- -
- -
-0.95
-0.39
-0.02
-0.04
-0.03
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.01
-0.01
1.62
1.21
1.05
1.03
1.19
Book Value per Share
0.01
-0.01
1.62
1.21
1.05
1.03
1.19
Tangible Book Value per Share
- -
17
17
17
17
16
17
Basic Weighted Avg Shares
- -
- -
1
-6
-2
- -
7
Sales/Revenue/Turnover
- -
- -
7.58
118.29
149.75
-74.52
88.99
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
- -
-1
-7
-3
- -
3
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
- -
- -
-95.03
113.02
148.87
-73.75
44.07
Profit Margin (%)
- -
- -
11
1
- -
- -
- -
Working Capital
- -
- -
- -
- -
- -
- -
- -
LT Debt
- -
- -
27
20
18
17
20
Total Equity
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
16.39
Return on Capital (%)
- -
- -
- -
-29.06
-14.35
-1.86
16.39
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
17
17
17
Market Capitalization
9
10
11

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
- -
1
Cash, Cash Equivalents & STI
- -
- -
1
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
1
1
1
Payables & Accruals
1
1
1
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-2,932.85%
-1.75%
Free Cash Flow
- -
- -
68.09%
Net Income, GAAP
- -
- -
-88.08%
Sales/Revenue/Turnover
- -
- -
-124.07%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-1
- -
- -
-2
-2
2025
- -
- -
- -
- -
- -
2026
6
1
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.05
-0.04
-0.09
- -
-0.16
2025
-0.02
-0.01
-0.01
- -
-0.02
2026
0.34
-0.17
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Largo Physical Vanadium Corp. is a Canada-based vanadium holding company that provides investors with direct exposure to physical vanadium through the purchase and holding of the metal; the company is headquartered in Toronto, Ontario, and was founded in 2022, with its inception date listed as September 7, 2022. Through its physical vanadium platform, the company offers an exchange-traded investment alternative tied to vanadium, a strategic mineral used in steel, aerospace and energy storage applications, and it operates as a subsidiary of Largo Inc. The company’s business model includes a pure-play physical vanadium holding structure and an electrolyte leasing approach that supports vanadium flow battery supply-chain development for utility-scale energy storage markets. In 2025, Largo Physical Vanadium’s operating model was strategically extended through the formation of Storion Energy, a joint venture between Largo’s clean energy subsidiary and Stryten Critical E-Storage to build a domestic U.S. supply chain for vanadium flow battery components and vanadium electrolyte. The transaction included a US$1 million cash payment to Largo, an additional US$6 million contribution from Stryten over time, and 50/50 ownership between the partners, while Largo amended its safekeeping and supply arrangements and granted Storion a right of first offer for vanadium products. In 2026, the company announced that Daniel Tellechea was appointed chief executive officer, replacing Francesco D’Alessio, following its annual meeting of shareholders. LPV’s common shares trade on the TSX Venture Exchange under the symbol VAND and on the OTCQX under the symbol VANAF.