Sigma Lithium Corporation reported its full‑year 2025 financial results, delivering $31 million in operating cash flow and a 47% cash margin. Cash and cash equivalents rose to $12 million, and the company used the proceeds to cut trade‑finance debt by 60% and total debt by 35%, bringing the balance sheet debt to $141 million.
Full‑year revenue for 2025 was $110.01 million, down from $151.35 million in 2024. The decline reflects lower sales volumes of lithium fines and concentrate, but the company offset the shortfall with two new offtake agreements that provide a steady revenue stream for the coming years.
The first offtake agreement is a $96 million prepayment for 70,500 tonnes of high‑grade lithium oxide concentrate to be delivered in 2026. The second agreement is a $50 million prepayment for 40,000 tonnes per year over three years beginning in 2026. Together the contracts represent $146 million in prepayments and are expected to support working‑capital needs as the Phase 2 expansion progresses.
Operating cash margin expansion to 47% was driven by a 77% year‑over‑year decline in operating costs, a result of the company’s cost‑control initiatives and the demobilization of its mine in October 2025 followed by remobilization in January 2026. The cost reductions have helped maintain profitability despite the revenue decline.
Management highlighted the company’s disciplined execution: “Cash flows were delivered and debt was repaid.” Investors reacted positively, citing the strong cash generation, the new offtake agreements, the margin expansion, and the debt reduction as key drivers of the company’s improved financial position.
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