Sigma Lithium's Q3 net revenue at $28.5-million (U.S.)

Executive Summary

• Sigma Lithium Corp. reported its third-quarter 2025 financial results, highlighting a 69% quarter-over-quarter and 36% year-over-year increase in net revenues, driven by a successful provisional pricing strategy and optimized sales volumes.
• The company significantly improved its cash position, converting trade receivables into cash and realizing gains from settled receivables, while simultaneously deleveraging by reducing short-term trade finance debt.
• Mining operations are scheduled to restart by the end of November 2025, with a full ramp-up expected by Q1 2026, leveraging upgraded equipment and direct management to align with the Greentech industrial plant's capacity.

Key Details

• Revenue Performance: Net revenues reached $28.5 million (U.S.) for Q3 2025, representing a 69% increase quarter-over-quarter and a 36% increase year-over-year.
• Cash Generation: Generated $24 million (U.S.) from final price settlements of sales concluded by Q3 2025, with an additional $4 million (U.S.) expected from incremental settlements.
• Asset Monetization: $33 million (U.S.) is expected from the sale of 950,000 tonnes of high-purity lithium materials (middlings) that can be reprocessed by clients.
• Liquidity Position: As of September 30, 2025, the company held $6.1 million (U.S.) in cash and cash equivalents plus $20 million (U.S.) in trade receivables. By November 13, 2025, trade receivables were converted into $21 million (U.S.) in cash, and the company benefited from an $8 million (U.S.) increase in the value of settled trade receivables sold by the end of Q2 2025, totaling $29 million (U.S.).
• Deleveraging: Short-term (high-interest) trade finance debt was decreased by 38% to $37 million (U.S.) as of September 30, 2025. The company plans to decrease trade finance debt by 60% by November 30, 2025.
• Operational Updates: Mining operations are expected to restart by the end of November 2025, achieving a full ramp-up by Q1 2026. This follows the takeover of mining operations from a previous contractor, with equipment leased directly from manufacturers at low rates.
• Production Capacity: The Greentech industrial plant has achieved over 70% recovery levels since January 2025. The company aims to reach full capacity of 300,000 tonnes in 2026, matching the capacity achieved in Q4 2024.
• Conference Call: A conference call to discuss results will be held at 8:30 a.m. ET on Friday, November 14, 2025.

Notable Quotes

• Note: No direct quotes from the CEO or President were included in the provided text.