- Sigma Lithium (SGML, Financial) reported its first net income of $4.7 million in Q1 2025, reflecting strong financial performance.
- Production volumes reached 68,308 tonnes, marking a 26% year-over-year increase, with revenues growing by 28% to $47.7 million.
- Operating costs outperformed expectations, with CIF China costs at $458 per tonne, 8% below target.
Sigma Lithium Corporation (SGML) marked a milestone in Q1 2025 by posting its first-ever quarterly net income of $4.7 million, equating to $0.04 per share. This achievement underscores the company's adept management and operational efficiency in meeting and exceeding industry standards amidst challenging market conditions.
In Q1 2025, Sigma Lithium reported production volumes of 68,308 tonnes, a substantial 26% rise from the previous year, and sales volumes totaling 61,584 tonnes, up by 17% year-over-year. The company generated $47.7 million in revenue during the quarter, a 28% increase compared to Q1 2024, demonstrating strong market demand and effective sales strategies.
Operating costs were efficiently managed, with CIF China costs at $458 per tonne, which is 8% lower than the target of $500 per tonne. All-in sustaining costs (AISC) were reported at $622 per tonne, 6% below the anticipated $660. This cost-effective operation has fortified Sigma's position as a leading low-cost producer in the lithium industry.
Despite a quarter-over-quarter decrease in cash and cash equivalents, which stood at $31.1 million as of March 31, 2025, the company maintains financial flexibility. Sigma has not committed to any prepayment or offtake agreements, maintaining 100% uncommitted production, which offers adaptability in managing future financing needs and leveraging market opportunities.
The construction of Sigma's Plant 2 is progressing according to schedule, with key equipment orders anticipated soon and initial deliveries expected in Q3 2025. The plant’s commissioning is slated for completion by the end of Q4 2025, promising increased production capacity and economies of scale.
