Sigma Lithium posts $22.3 million gross revenue
Key points
- Sigma Lithium Corporation (NASDAQ:SGML) reported third-quarter 2026 gross revenue of US$22.3 million, while operating cash flow increased to US$24.2 million from US$1.6 million a year earlier.
- Adjusted EBITDA was negative US$6.7 million, while operating loss reached US$16.8 million amid lower sales volumes during the temporary operational suspension.
- The company priced US$125 million in convertible bonds to refinance debt, reduce short-term obligations by 85% to US$19 million and support its expansion plans.
Sigma Lithium Corporation (NASDAQ:SGML) reported third-quarter 2026 gross revenue of US$22.3 million and operating cash flow of US$24.2 million following a temporary suspension of operations.
Gross revenue declined from US$51 million in the second quarter, reflecting lower sales volumes during the operational suspension, while the average realized lithium price reached US$1,485 per tonne.
Net sales revenue was US$13.5 million after US$8.74 million in final and provisional price adjustments, while nine-month gross revenue increased 20% year over year to US$115.4 million.
The company recorded a US$25.9 million net loss, negative US$6.7 million adjusted EBITDA and a US$16.8 million operating loss, although quarterly operating cash flow increased to US$24.2 million from US$1.6 million a year earlier.
Sigma Lithium priced US$125 million in five-year convertible bonds due November 2031, with closing expected around November 16, and expects the refinancing to reduce short-term debt by 85% to US$19 million, although pro forma net debt increases to US$145 million from US$105 million.
Operations fully resumed on October 5, and the company reaffirmed its 330,000-tonne production target for 2027 while planning expansions to 580,000 tonnes annually through Plant 2 and 830,000 tonnes through Plant 3 by 2028.
