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Highlights

  • SGML Q1FY25 net income rose 168.1% YoY to USD 4.7 million.
  • SGML is progressing with Plant 2 construction and Greentech plant upgrades.
  • SGML targets FY25 lithium output of 270,000 tonnes with costs below guidance.

Sigma Lithium Corp. (TSXV: SGML) is developing the high-grade Grota do Cirilo lithium project in Brazil, aiming for net-zero emissions by 2024 through ESG-focused operations using 100% renewable energy, recycled water, and dry-stack tailings to supply sustainable, high-purity lithium for EV batteries.

In the first quarter of the financial year 2025 (Q1FY25), the company’s sales revenue increased by 28.2% YoY to USD 47.7 million, driven by higher average realized prices and a 17% increase in sales volumes. Gross profit surged by 57.0% YoY to USD 13.5 million due to favourable pricing and lower unit costs, which expanded margins. Operating income grew by 2366.7% YoY to USD 6.8 million, supported by disciplined cost control and operating leverage from higher production. Net income for the period rose by 168.1% YoY to USD 4.7 million due to margin improvement and the absence of prior-year losses.

Business Update

Sigma Lithium is advancing construction of Plant 2 with civil works in progress and equipment procurement expected shortly, targeting commissioning in late Q4FY25 to support future production and earnings growth.

SGML is optimizing its Greentech plant with ongoing upgrades to screening, cyclone stabilization, and the thickener module to enhance lithium recovery and water reuse, alongside scheduled crusher module enhancements in Q2FY25.

Company Outlook

SGML expects to produce 270,000 tonnes of lithium concentrate in FY25, with Q1 output of 68,308 tonnes already exceeding targets and costs outperforming guidance at USD 458/t CIF China and USD 622/t AISC. The company plans to commission Plant 2 by Q4FY25 to support the next phase of production growth, supported by a 24% adjusted EBITDA margin and its first-ever quarterly profit.

SGML’s uncommitted production offers pricing flexibility and room for strategic offtake or prepayment agreements, while full government and community backing in Brazil underpins its disciplined expansion and operational stability.

Top 10 shareholders

The top 10 shareholders collectively account for approximately 66.47% of the company's total equity, with A10 Investimentos Ltd. and BlackRock Investment Management (UK) Ltd. holding the largest individual stakes at around 42.85% and 4.54%, respectively.

Stock Information

The stock has declined approximately 2.06% over the past week and gained around 42.94% over the past month. As of  July 28, 2025, it closed at CAD 9.02, trading above the average 52-week low of CAD 5.85 and 52-week high of CAD 21.5.

Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels Is  July 28 2025. The reference data in this report has been partly sourced from EODHD/Others.

Technical Indicators Defined

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Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.