Sigma Lithium Corporation ( (SGML) ) has released its Q1 earnings. Here is a breakdown of the information Sigma Lithium Corporation presented to its investors.
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Sigma Lithium Corporation, a prominent player in the global lithium production sector, is focused on delivering sustainable lithium concentrate for electric vehicle batteries, operating primarily from its Grota do Cirilo site in Brazil.
In its latest earnings report for the first quarter of 2025, Sigma Lithium announced a net income of $4.7 million, marking its first profitable quarter since production began. The company reported strong financial performance with a 28% increase in revenue year-over-year, reaching $47.7 million, and a significant improvement in production volumes, which rose by 26% compared to the previous year.
Key highlights from the report include a cash gross margin of 35% and an EBITDA margin of 21%, underscoring the company’s operational efficiency and cost management. The company achieved production volumes of over 68,300 tonnes, exceeding its quarterly target, and maintained competitive cost structures with CIF China cash operating costs at $458 per tonne, 8% below the target.
Looking ahead, Sigma Lithium is advancing the construction of its second plant, which is expected to double its production capacity. The company is also exploring prepayment and offtake agreements to enhance financial flexibility and support its expansion plans. Management remains optimistic about achieving significant economies of scale and increased sales volumes in the coming quarters.