HIGHLIGHTS
- Achieved 68,368t of lithium oxide concentrate in 2Q25, a 38% year-on-year increase and slightly above the quarterly target of 67,500t.
- Maintained cost under control and below the target over previous quarter driven by economies of scale, stable plant gate costs, and efficient logistics:
- CIF China cash operating costs of $442/t in 2Q25, 12% below target of $500/t.
- All-in sustaining cash costs (AISC) totaled $594/t in 2Q25, 10% below target of $660/t.
- Reported gross sales revenue – lithium oxide concentrate of $21.1 million, 60.3% decrease compared to 2Q24, reflecting a deliberate strategy to withhold product during intense price volatility, preserving pricing power and protecting long-term margins.
- Advanced Plant 2 construction, completed key site preparation activities and advanced procurement strategy for critical equipment, keeping the project on track to double nameplate capacity to 520,000 tonnes per year.
Conference Call Information
The Company will hold a conference call to discuss its financial results for the second quarter of 2025 at 8:00 a.m. ET on Friday, August 15, 2025. To register for the call, please proceed through the following link Register here.
SÃO PAULO, Aug. 15, 2025 /PRNewswire/ — Sigma Lithium Corporation (NASDAQ:SGML, BVMF: S2GM34)), a leading global lithium producer dedicated to powering the next generation of electric vehicles with carbon neutral, socially and environmentally sustainable lithium concentrate, reports its results for the second quarter ended June 30, 2025.
Ana Cabral, Co-Chairperson and CEO, commented: “Our second-quarter performance highlights the strength of Sigma Lithium’s low-cost, large-scale operations and disciplined commercial strategy. We managed to further decrease our costs consolidating our operational resilience. We maintained production cadence at 68kt and are comfortably on track to deliver on our annual production target of 270kt while preserving pricing power in a volatile market —while upholding some of the highest health and safety standards in the battery materials supply chain: we celebrated two years without accidents or fatalities. These results demonstrate our ability to execute consistently, create value through market cycles, and reinforce our leading position as a global integrated industrial and mineral lithium producer”.
Table 1. Summary of Key Operational and Financial Metrics
|
Production and Sales |
Unit |
2Q25 |
2Q24 |
Var. |
1Q25 |
Var. |
|
Production Volumes |
tonnes |
68,368 |
49,389 |
38 % |
68,308 |
0 % |
|
Sales Volumes |
tonnes |
40,350 |
52,572 |
-23 % |
61,584 |
-34 % |
|
Average grade of shipped product |
% of Li2O |
5.2 |
5.5 |
-0 % |
5.0 |
0 % |
|
COGS |
$/t |
584 |
566 |
3 % |
556 |
5 % |
|
Operating Cash Cost at Plant Gate (2) |
$/t |
348 |
364 |
-4 % |
349 |
-0 % |
|
Operating Cash Cost CIF China (2) |
$/t |
442 |
515 |
-14 % |
458 |
-3 % |
|
All-in Sustaining Cash Cost (2) |
$/t |
594 |
779 |
-24 % |
622 |
-4 % |
|
Financial Performance |
Unit |
2Q25 |
2Q24 |
Var. |
1Q25 |
Var. |
|
Sales Revenue(3) |
$ 000s |
21,148 |
56,311 |
-62 % |
47,833 |
-56 % |
|
COGS |
$ 000s |
(23,564) |
(29,766) |
-20 % |
(34,217) |
-31 % |
|
Average Revenue per Tonne (3) |
$/t |
524 |
1071 |
-51 % |
777 |
-32 % |
|
EBITDA(4) |
$ 000s |
(16,876) |
8,639 |
-295 % |
10,010 |
-268 % |
|
Stock-based compensation |
$ 000s |
200 |
1,943 |
-110 % |
1,416 |
-114 % |
|
Adjusted EBITDA(4) |
$ 000s |
(17,077) |
10,582 |
-261 % |
11,426 |
-249 % |
|
Net Income |
$ 000s |
(18,857) |
(10,848) |
73 % |
4,728 |
-499 % |
|
Cash and Cash Equivalents, at the end of the respective period |
$ 000s |
15,113 |
75,330 |
-80 % |
31,111 |
-51 % |
Revenues and Production
Sigma Lithium reported revenues of $21.1 million for 2Q25, representing a 62% year-on-year decrease and a 56% decrease over 1Q25 revenues. Sales volumes totaled 40,350 tonnes in 2Q25, down 23% from 2Q24 and down 34% compared to 1Q25, primarily due to our disciplined commercial strategy, under which we temporarily withheld product from the market during periods of intense price volatility to preserve pricing power and protect long-term margins.
The Company reported production volumes of 68,368 tonnes in 2Q25, slightly higher than quarter production target of 67,500 tonnes, and 38% higher compared to 2Q24. The Company expects its FY25 production to reach 270,000 tonnes.
Costs
The Company reported a cost of sales of $23.6 million for 2Q25, reflecting …