Sigma Lithium Reports 3Q 26 Results: Resilient Profitability and Cash Flow: 32% Net Revenue Margin, Strengthened Balance Sheet
Key Highlights
- ➤US$125M five-year convertible bond cuts pro forma short-term debt 85% to US$19M
- ➤9M 26 revenue US$115.4M, up 20% year over year
- ➤3Q 26 operating cash flow US$24.2M, up from US$1.6M in 3Q 25
- ➤FY27 production guidance reaffirmed at 330,000 tonnes
- ➤Plant 2 construction resumes in 2027, targeting 580,000 tonnes annual capacity
FINANCIAL HIGHLIGHTS * Strengthened balance sheet through a pivotal 5-year, US$125M convertible bond, fully repaying the Synergy export prepayment and reducing pro forma short-term debt by 85% to US$19M.* Transformed its balance sheet lengthening its debt profile, lowering leverage ratios and additional deleveraging potential upon conversion of the debt.
* Sigma Lithium delivered resilient profitability and strong cash generation in 3Q 26, building on growth for the nine months ended September 30, 2026 (9M 26):* 3Q 26 net revenue margin remained robust at 32%; 9M 26 net revenue margin of 57% and Adj. EBITDA margin of 32%. * 3Q 26 gross revenues of US$22M reflected lower volumes sold due to the temporary partial suspension of operations during the quarter; 9M 26 gross revenues of US$115M, up 20% from 9M 25. * Strong operating cash flow of US$24M in 3Q 26 (up from US$2M in 3Q 25) and US$51M in 9M 26 (up from negative US$7M in 9M 25).
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