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SIGMA LITHIUM REPORTS 1Q25 RESULTS: STRONG MARGINS, COST OUTPERFORMANCE AND PRODUCTION ABOVE TARGET
COSTCostco(COST) Prnewswire·2025-05-15 00:00

Core Insights - Sigma Lithium Corporation reported its first net income of 4.7millionforQ12025,markingasignificantmilestoneinitsoperationalperformance[5][17]−Thecompanyachievedproductionvolumesof68,308tonnes,a264.7 million for Q1 2025, marking a significant milestone in its operational performance [5][17] - The company achieved production volumes of 68,308 tonnes, a 26% increase year-over-year, and sales volumes of 61,584 tonnes, a 17% increase year-over-year [6][9] - The company is strategically positioned to enhance cash generation while advancing the construction of Plant 2, which is expected to significantly increase production capacity [5][22] Financial Performance - Revenues for Q1 2025 reached 47.7 million, a 28% increase compared to Q1 2024, despite a slight decline in sales volumes from the previous quarter [9][11] - The cost of sales was reported at 34.2million,reflectinga1934.2 million, reflecting a 19% increase year-over-year, with a cost of sales per tonne averaging 556 [11][12] - Cash gross margin for Q1 2025 was 35%, down from 42% in Q4 2024, primarily due to higher costs of sales [15] Operational Metrics - The company maintained a cash operating cost of 458pertonne,whichis9458 per tonne, which is 9% below the 2025 target of 500 per tonne [12][13] - All-in sustaining cash costs (AISC) averaged 622pertonne,remainingbelowthefull−yeartargetof622 per tonne, remaining below the full-year target of 660 per tonne [13] - The average revenue per tonne increased by 10% year-over-year to 774[8]ProductionandExpansionPlans−SigmaLithiumexpectstoreachatotalproductionof270,000tonnesforFY25,withongoingconstructionofPlant2aimedatdoublingproductioncapacityto520,000tonnes[10][29]−Thecompanyisactivelypursuinglong−termprepaymentandofftakeagreementstosecurefinancingandsupporttheconstructionofPlant2[19][5]−CivilworksatthePlant2siteareongoing,withinitialequipmentdeliveriesexpectedinQ32025[22]BalanceSheetandLiquidity−AsofMarch31,2025,cashandcashequivalentstotaled774 [8] Production and Expansion Plans - Sigma Lithium expects to reach a total production of 270,000 tonnes for FY25, with ongoing construction of Plant 2 aimed at doubling production capacity to 520,000 tonnes [10][29] - The company is actively pursuing long-term prepayment and offtake agreements to secure financing and support the construction of Plant 2 [19][5] - Civil works at the Plant 2 site are ongoing, with initial equipment deliveries expected in Q3 2025 [22] Balance Sheet and Liquidity - As of March 31, 2025, cash and cash equivalents totaled 31.1 million, a 32% decrease from the previous quarter [18] - The total amount of short and long-term debts was reported at 165.3million,withnetinterestpaidinQ12025totaling165.3 million, with net interest paid in Q1 2025 totaling 1.1 million [18]