Sigma Lithium Announces Full Year 2025 Results: US$31M Cash Flow and 47% Cash Margin in 4Q25; Signed US$146M in Two Offtake Agreements
Sigma Lithium Announces Full Year 2025
Results: US$31M Cash Flow and 47% Cash
Margin in 4Q25; Signed US$146M in Two
Offtake Agreements
HIGHLIGHTS
Strong cash generation: cash from operations in 4Q25 of US$31 million, cash inflows in
1Q26 of US$35 million and expected cash inflows in 2Q26 of US$96 million.
Signed two offtake agreements to supply high grade premium lithium oxide concentrate:
US$96M for 70,500t to be delivered in 2026
US$50M for 40,000t per year for three years for delivery starting in 2026
Successful commercial strategy - achieved net sales revenues of approximately US$67
million in 4Q25 and 1Q26, including:
Sales of high purity lithium fines of approximately 650,000 tonnes
Sales of high-grade premium lithium oxide concentrate of approximately 5,000
tonnes
Operating cash margin of 47% in 4Q25, showing financial discipline.
Deleveraged balance sheet and repaid debt: in 2025 cut trade finance debt by 60% and
total debt by 35%.
Restructured mining operations, successfully transitioning from outside contractor to
operational control, achieving efficiency gains and cost optimization.
Conference Call Information
The Company will hold a conference call
to
discuss its financial results for the second quarter of 2025 at
7:30a.m. ET on Monday, March 30, 2026. Register for the call at
https://ir.sigmalithiumcorp.com/events
.
São Paulo, Brazil--(Newsfile Corp. - March 30, 2026) - Sigma Lithium Corporation (NASDAQ: SGML)
(TSXV: SGML) (BVMF: S2GM34) ("Sigma Lithium" or the "Company"),
the largest producer of lithium
oxide concentrate in the Americas¹ and dedicated to industrializing socially and environmentally
sustainable lithium materials to supply global producers of batteries for energy security, announces the
Company's results for the three months and the twelve months ended December 31, 2025 and provides
an update on recent developments.
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USGS.
STRONG CASH GENERATION
In 4Q25, the Company generated cash from operations of US$31 million, comprising inflows of US$41
million
less cash operating costs of US$10 million. At the end of 4Q25, the Company's had cash and
cash equivalents of US$6.2 million, which was up slightly from US$6.1 million at the end of 3Q25, as the
company used a substantial amount of the cash generated for debt repayment.
In 1Q26, cash inflows were US$35 million, primarily from sales of high-purity lithium oxide fines, and
cash and equivalents as of March 30, 2026 were US$12 million. In 2Q26, Sigma Lithium's expected
cash inflows are US$96 million, including US$83 million from the Company's two offtake agreements
and US$14 million in proceeds from sales of high-purity lithium oxide fines made in 1Q26.
SIGNED TWO SIGNIFICANT OFFTAKE AGREEMENTS
The Company signed two offtake agreements to supply high grade premium lithium oxide concentrate: a
prepayment of US$96 million for 70,500 tonnes during 2026, which was previously announced, and
another for the prepayment of US$50 million to supply 40,000 tonnes per year for three years
commencing in 2026.
The agreement that provides for the supply of 70,500 tonnes of high grade lithium oxide concentrate is to
be fulfilled during 2026 with disbursements of US$8 million per month (for a total US$96 million) and is
designed to
support the company's working capital requirements.
Both agreements include flexibility
regarding the timing of delivery of the product, which will enable the Company to continue to execute its
successful commercial strategy and fully benefit from lithium market seasonality.
EXECUTED A SUCCESSFUL COMMERCIAL STRATEGY
In 4Q25 and 1Q26, Sigma Lithium achieved net sales revenues of approximately US$67 million with
sales of about 650,000 tonnes of high purity lithium fines and approximately 5,000 tonnes of high-grade
premium lithium oxide concentrate, marking a restart of sales of Sigma Lithium's main product following
the remobilization of the Company's mine operations. The Company's mine operations were
demobilized at the beginning of October 2025 for a restructuring and remobilized at the end of January
2026. Net sales revenues also included approximately US$14 million in product final price adjustments.
HIGH OPERATING CASH MARGIN SHOWS FINANCIAL DISCIPLINE
In 4Q25, Sigma Lithium's operating cash margin was 47%, with a decline in operating costs of 77% on a
year-over-year basis more than offsetting a drop in net sales revenues of 64%. This performance
demonstrates the Company's ability to reduce costs and underscores Sigma Lithium's financial
resilience.
DELEVERED BALANCE SHEET AND REPAID DEBT
In 2025, Sigma Lithium continued to deleverage its balance sheet. Trade finance debt was cut by 60%
from 2024 and total debt declined by 35%. The Company continued to reduce trade finance debt in
1Q26, when it was reduced by 21% from 4Q25 to US$19 million. Total debt at year-end 2025 stood at
US$141 million, including a US$100 million loan that Sigma Lithium expects to pay down in 2026 using
the proceeds of offtake agreements and anticipated strong cashflow generation.
GUIDANCE FOR PRODUCTION VOLUMES AND COST PER TONNE
In the next twelve-month period, Sigma lithium expects to produce 240,000 tonnes of high grade
premium lithium oxide concentrate at an all-in sustaining cost of US$592 per tonne.
Production Volumes and Costs per Tonne (US$/t)
Estimated
12 Month Period (Phase 1)
Estimated FY2027E
(Phases 1 & 2)
Estimated FY2028E
(Phases 1, 2 & 3)
Production Volumes
240,000
520,000
770,000
CIF China Cash Cost
(440)
(440)
(440)
Maintenance Capex + Other Expenses
(12)
(12)
(12)
ESG, G&A Expenses
(80)
(32)
(16)
Interest Expenses
(60)
(27)
(27)
All-In Sustaining Cost
(592)
(511)
(495)
Cash Flow Forecasts at Various Realized Lithium Prices (US$ M)*
Cash Flow @ US$1,500/t
$158
$384
$581
Cash Flow @ US$1,800/t
$218
$514
$774
Cash Flow @ US$2,000/t
$258
$601
$902
*Prices used to calculate cash flow are grade adjusted.
ABOUT SIGMA LITHIUM
Sigma Lithium Corporation (NASDAQ: SGML) (TSXV: SGML) (BVMF: S2GM34) ("Sigma Lithium" or
"the Company"), is the largest producer of lithium oxide concentrate in the Americas¹ and dedicated to
industrializing socially and environmentally sustainable lithium materials to supply global producers of
batteries for energy security.
The Company operates one of the world's largest lithium production sites-the fifth-largest industrial-
mineral complex for lithium oxide concentrate-at its Grota do Cirilo operation in Brazil. Sigma Lithium is
at the forefront of environmental and social sustainability in the electric battery materials supply chain.
The Company's Greentech Industrial Plant combines dry stacking, the reuse of 100% of water, zero use
of toxic chemicals and the use of 100% renewable electricity. For more than two years Sigma Lithium
has not experienced an accident with lost time.
Sigma Lithium currently has a nameplate capacity to produce 270,000 tonnes of lithium oxide
concentrate on an annualized basis (approximately 38,000-40,000 tonnes of LCE) at its mine and state-
of-the-art Greentech Industrial Plant. The Company has initiated a Phase 2 expansion designed to close
to double production capacity to 520,000 tonnes. For more information about Sigma Lithium, visit our
website
.
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USGS.
FOR ADDITIONAL INFORMATION PLEASE CONTACT
Anna Hartley
, Vice President of Global Banking and Investor Relations
+44 7866 458 093
Mariana Bengtson
, Investor Relations Manager
+55 11 9 2144 2750
Sigma Lithium
LinkedIn:
Sigma Lithium
Instagram:
@sigmalithium
X:
@SigmaLithium
FORWARD-LOOKING STATEMENTS
This news release includes certain "forward-looking information" under applicable Canadian and U.S.
securities legislation, including but not limited to statements relating to timing and costs related to the
general business and operational outlook of the Company, the environmental footprint of tailings and
positive ecosystem impact relating thereto, donation and upcycling of tailings, timing and quantities
relating to tailings and Green Lithium, achievements and projections relating to the Zero Tailings
strategy, achievement of ramp-up volumes, production estimates and the operational status of the
Grota do Cirilo Project, and other forward-looking information. All statements that address future
plans, activities, events, estimates, expectations or developments that the Company believes,
expects or anticipates will or may occur is forward-looking information, including statements regarding
the potential development of mineral resources and mineral reserves which may or may not occur.
Forward-looking information contained herein is based on certain assumptions regarding, among
other things: general economic and political conditions; the stable and supportive legislative,
regulatory and community environment in Brazil; demand for lithium, including that such demand is
supported by growth in the electric vehicle market; the Company's market position and future financial
and operating performance; the Company's estimates of mineral resources and mineral reserves,
including whether mineral resources will ever be developed into mineral reserves; and the Company's
ability to operate its mineral projects including that the Company will not experience any materials or
equipment shortages, any labor or service provider outages or delays or any technical issues.
Although management believes that the assumptions and expectations reflected in the forward-
looking information are reasonable, there can be no assurance that these assumptions and
expectations will prove to be correct. Forward-looking information inherently involves and is subject to
risks and uncertainties, including but not limited to that the market prices for lithium may not remain at
current levels; and the market for electric vehicles and other large format batteries currently has
limited market share and no assurances can be given for the rate at which this market will develop, if
at all, which could affect the success of the Company and its ability to develop lithium operations.
There can be no assurance that such statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such statements. Accordingly, readers should
not place undue reliance on forward-looking information. The Company disclaims any intention or
obligation to update or revise any forward-looking information, whether because of new information,
future events or otherwise, except as required by law. For more information on the risks, uncertainties
and assumptions that could cause our actual results to differ from current expectations, please refer to
the current annual information form of the Company and other public filings available under the
Company's profile at
www.sedarplus.ca
.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/290434