Sigma Lithium slashes short-term debt by 78%
Share
Key points
- Sigma Lithium reported a 78% reduction in short-term debt to US$28 million in its third-quarter earnings preview.
- The company achieved 32% gross margins and lowered cash costs to US$518 per tonne.
- Debt restructuring and operational stability aim to support a projected production target of 240,000 tonnes over the next 12 months.
Sigma Lithium (ASX:SAU) announced an earnings preview for the third quarter of 2026, showing short-term debt fell 78% from US$125 million to US$28 million.
The debt reduction follows a convertible bond issuance that extended over 90% of the company's debt maturities.
The producer maintained a gross margin of 32% while cutting China cash costs to US$518 per tonne from US$543 per tonne in the previous quarter.
Operations resumed in early fourth-quarter 2026 after a temporary pause during the third quarter, with production guidance set at 240,000 tonnes over the next 12 months.
The company reported total debt decreased by approximately 40% over two years to US$125 million as of Oct. 21.
