Sigma Lithium Posts Record 47% EBITDA Margin, Cuts Costs 30%+; TAC Deal Nears
SGML has more than doubled off its 52-week low of $4.615.
Summary
Sigma Lithium delivered record Q2 2026 results: EBITDA margin hit 47% (up from 39% in Q1), net revenues rose to US$55M on 24,400t sold at a realized price of US$2,089/t (up 17% QoQ). Costs fell sharply—plant gate down 36% to US$401/t, CIF down 33% to US$452/t, AISC down 6% to US$668/t—driven by a 50% production volume increase to 35,400t. Net debt dropped to US$125M from US$134M, with cash at US$17M. The company also pulled forward its production ramp-up guidance by three months, targeting 240,000t within 12 months and 330,000t in FY2027, with capacity expansion to 580,000tpy by end-2027 and 830,000tpy by end-2028. TAC Agreement negotiations with Minas Gerais state are underway, with an expected near-term conclusion that would end the temporary suspension of operations. This follows the July 22 disclosure of the TAC talks and the July 9 production beat; today's numbers confirm strong operational execution and a clear path to resolving the regulatory pause.
At the time of this announcement, SGML was trading at $11.62 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $4.62 to $24.48. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: TMX Newsfile.