NYSE : LZM
Lifezone Metals Limited — Financial statements
Materials · Other Industrial Metals & Mining · Isle of Man
Last price 3.63 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 326.39M
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Financial statements
Lifezone Metals Limited (LZM) reported revenue of 2.51M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.51M | 1.06M | 140.52K | 1.48M | 2.93M | 2.09M |
| Cost of Revenue | 1.53M | 533.60K | 86.87K | 753.91K | 1.46M | 442.82K |
| Gross Profit | 976.23K | 523.45K | 53.65K | 723.91K | 1.46M | 1.65M |
| Selling, General & Admin | 19.54M | 16.64M | 31.82M | 283.56M | 24.87M | 19.38M |
| Amortization of Goodwill & Intangibles | 126.31K | 141.77K | 181.99K | 163.15K | 71.09K | 62.65K |
| Other Operating Expenses | 1.19M | 591.84K | 5.21M | 4.62M | 1.63M | 143.06K |
| Operating Expenses | 21.86M | 18.72M | 39.08M | 289.22M | 26.82M | 19.61M |
| Operating Income | -20.89M | -18.20M | -39.03M | -288.50M | -25.36M | -17.96M |
| Interest Expense | -10.99M | -10.40M | -6.43M | -211.98K | -266.35K | -160.84K |
| Interest & Investment Income | 489.56K | 536.16K | 2.34M | 567.19K | 224.39K | 10.98K |
| Currency Exchange Gain (Loss) | 248.85K | 182.16K | -225.31K | 179.64K | -55.70K | -66.30K |
| Other Non Operating Income (Expenses) | 6.76M | 14.57M | 5.77M | |||
| EBT Excluding Unusual Items | -24.39M | -13.30M | -37.58M | -287.96M | -25.46M | -18.18M |
| Merger & Restructuring Charges | -76.86M | |||||
| Impairment of Goodwill | -9.02M | |||||
| Gain (Loss) on Sale of Assets | 134.00 | -271.79K | ||||
| Asset Writedown | -1.10M | -400.00K | ||||
| Other Unusual Items | 8.51M | -668.12K | 156.05K | 235.50K | ||
| Pretax Income | -16.97M | -14.37M | -46.60M | -364.66M | -25.49M | -18.18M |
| Income Tax Expense | -141.81K | -263.49K | 540.13K | |||
| Earnings From Continuing Operations | -16.83M | -14.11M | -47.14M | -364.66M | -25.49M | -18.18M |
| Minority Interest in Earnings | 153.47K | 478.96K | 831.09K | 788.83K | 1.91M | 176.24K |
| Net Income | -16.68M | -13.63M | -46.31M | -363.87M | -23.58M | -18.00M |
| Net Income to Common | -16.68M | -13.63M | -46.31M | -363.87M | -23.58M | -18.00M |
| Shares Outstanding (Basic) | 86.13M | 79.86M | 78.66M | 68.06M | 58.30M | 57.07M |
| Shares Outstanding (Diluted) | 86.13M | 79.86M | 78.66M | 68.06M | 58.30M | 57.07M |
| EPS (Basic) | -0.19 | -0.17 | -0.59 | -5.35 | -0.40 | -0.32 |
| EPS (Diluted) | -0.19 | -0.17 | -0.59 | -5.35 | -0.40 | -0.32 |
| Free Cash Flow | -46.98M | -37.46M | -66.74M | -79.03M | -23.02M | -7.18M |
| Free Cash Flow Per Share | -0.55 | -0.47 | -0.85 | -1.16 | -0.40 | -0.13 |
| Gross Margin | 38.90% | 49.52% | 38.18% | 48.98% | 49.97% | 78.84% |
| Operating Margin | -832.29% | -1,721.56% | -27,774.04% | -19,521.70% | -866.29% | -858.40% |
| Profit Margin | -664.53% | -1,289.25% | -32,952.31% | -24,622.29% | -805.59% | -860.31% |
| Free Cash Flow Margin | -1,872.18% | -3,543.50% | -47,491.56% | -5,347.89% | -786.41% | -343.24% |
| EBITDA | -19.72M | -17.08M | -37.89M | -287.81M | -25.16M | -17.87M |
| D&A For EBITDA | 1.17M | 1.12M | 1.14M | 688.11K | 200.69K | 88.17K |
| EBIT | -20.89M | -18.20M | -39.03M | -288.50M | -25.36M | -17.96M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 22.17M | 20.14M | 29.28M | 49.39M | 20.54M | 45.62M |
| Short-Term Investments | 523.21K | 496.15K | 355.15K | |||
| Cash & Short-Term Investments | 22.69M | 20.64M | 29.64M | 49.39M | 20.54M | 45.62M |
| Accounts Receivable | 177.56K | 6.01M | ||||
| Other Receivables | 401.57K | 1.10M | 577.44K | 2.72M | 50.00M | 1.07M |
| Receivables | 579.13K | 1.10M | 577.44K | 2.72M | 56.01M | 1.07M |
| Inventory | 216.59K | 58.02K | 162.00K | 100.78K | 49.74K | |
| Prepaid Expenses | 469.59K | 427.29K | 1.28M | 2.61M | 865.79K | |
| Other Current Assets | 2.39M | 5.22M | ||||
| Total Current Assets | 26.34M | 27.45M | 31.66M | 54.82M | 76.59M | 47.56M |
| Property, Plant & Equipment | 177.72M | 147.43M | 124.10M | 77.50M | 19.69M | 13.75M |
| Goodwill | 9.02M | |||||
| Other Intangible Assets | 134.97K | 875.19K | 889.82K | 914.20K | 694.96K | 581.42K |
| Total Assets | 204.20M | 175.75M | 156.65M | 142.26M | 96.98M | 61.89M |
| Accounts Payable | 2.54M | 1.90M | 3.00M | 2.53M | 16.60M | 722.20K |
| Accrued Expenses | 2.90M | 1.95M | 1.94M | 5.94M | 1.42M | |
| Short-Term Debt | 36.27M | 34.52M | 26.24M | |||
| Current Portion of Leases | 785.57K | 931.36K | 617.65K | 602.56K | 105.30K | |
| Other Current Liabilities | 15.99M | 19.78M | 24.20M | 3.69M | 208.55K | |
| Total Current Liabilities | 58.49M | 59.08M | 56.00M | 12.76M | 16.71M | 2.35M |
| Long-Term Debt | 36.08M | 16.68M | ||||
| Long-Term Leases | 962.03K | 1.12M | 801.05K | 1.19M | 290.58K | |
| Long-Term Deferred Tax Liabilities | 59.05K | 303.75K | 529.02K | |||
| Other Long-Term Liabilities | 20.25M | 25.73M | 3.99M | 5.68M | ||
| Total Liabilities | 115.84M | 102.92M | 57.33M | 13.95M | 20.99M | 8.03M |
| Common Stock | 9.04K | 8.38K | 7.91K | 7.83K | 3.10K | 1.84K |
| Additional Paid-In Capital | 221.10M | 190.22M | 185.07M | 178.69M | 25.44M | 25.44M |
| Retained Earnings | -481.59M | -468.10M | -454.47M | -408.17M | -44.29M | -20.71M |
| Comprehensive Income & Other | 349.97M | 351.71M | 358.93M | 347.35M | 83.61M | 49.31M |
| Total Common Equity | 89.49M | 73.83M | 89.54M | 117.88M | 64.76M | 54.04M |
| Minority Interest | -1.13M | -998.96K | 9.79M | 10.44M | 11.23M | -176.24K |
| Shareholders' Equity | 88.36M | 72.83M | 99.33M | 128.31M | 75.99M | 53.86M |
| Total Liabilities & Equity | 204.20M | 175.75M | 156.65M | 142.26M | 96.98M | 61.89M |
| Total Debt | 74.10M | 53.25M | 27.65M | 1.79M | 395.88K | |
| Net Cash (Debt) | -51.41M | -32.61M | 1.98M | 47.60M | 20.14M | 45.62M |
| Net Cash Per Share | -0.60 | -0.41 | 0.03 | 0.70 | 0.35 | 0.80 |
| Filing Date Shares Outstanding | 90.41M | 89.88M | 80.84M | 80.00M | 620.29K | 620.29K |
| Total Common Shares Outstanding | 90.41M | 83.78M | 79.12M | 78.27M | 620.29K | 620.29K |
| Working Capital | -32.14M | -31.63M | -24.34M | 42.06M | 59.88M | 45.22M |
| Book Value Per Share | 0.99 | 0.88 | 1.13 | 1.51 | 104.40 | 87.12 |
| Tangible Book Value | 89.36M | 72.96M | 88.65M | 107.94M | 64.07M | 53.46M |
| Tangible Book Value Per Share | 0.99 | 0.87 | 1.12 | 1.38 | 103.28 | 86.18 |
| Buildings | 1.88M | 1.88M | 1.88M | 677.28K | 677.28K | 932.62K |
| Machinery | 6.06M | 5.85M | 5.47M | 6.00M | 362.17K | 93.75K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -16.68M | -13.63M | -46.31M | -363.87M | -23.58M | -18.00M |
| Depreciation & Amortization | 1.49M | 1.44M | 1.49M | 1.04M | 318.13K | 88.17K |
| Other Amortization | 47.05K | 47.05K | 83.62K | |||
| Loss (Gain) From Sale of Assets | -134.00 | 271.79K | ||||
| Asset Writedown & Restructuring Costs | 696.18K | 9.02M | ||||
| Stock-Based Compensation | 6.13M | 2.12M | 17.82M | 265.56M | ||
| Provision & Write-off of Bad Debts | 478.56K | |||||
| Other Operating Activities | -4.27M | -3.67M | 2.05M | 79.96M | -1.93M | 9.87M |
| Change in Accounts Receivable | -1.17M | -920.21K | 638.84K | -3.29M | -3.14M | -9.71K |
| Change in Inventory | 53.03K | 45.16K | -61.22K | -51.04K | -49.74K | |
| Change in Accounts Payable | -701.72K | -1.09M | -2.03M | -6.56M | 12.24M | 1.66M |
| Change in Other Net Operating Assets | 39.95K | 61.55K | 924.15K | 246.62K | -1.16M | -691.80K |
| Operating Cash Flow | -14.37M | -15.59M | -15.89M | -26.98M | -17.04M | -7.09M |
| Capital Expenditures | -32.62M | -21.86M | -50.84M | -52.05M | -5.99M | -93.75K |
| Cash Acquisitions | -8.07M | -7.59K | -8.00M | |||
| Sale (Purchase) of Intangibles | -93.60K | -127.14K | -157.61K | -382.39K | -184.64K | -110.24K |
| Other Investing Activities | 806.39K | 707.41K | -1.66M | 560.35K | -1.79M | 8.01M |
| Investing Cash Flow | -31.91M | -21.28M | -52.66M | -59.95M | -7.96M | -192.90K |
| Short-Term Debt Issued | 19.74M | |||||
| Long-Term Debt Issued | 49.25M | |||||
| Total Debt Issued | 21.70M | 19.74M | 49.25M | |||
| Long-Term Debt Repaid | -3.62M | -534.05K | -338.17K | -80.93K | ||
| Lease Payments | -1.43M | -874.24K | -534.05K | -338.17K | -80.93K | |
| Net Debt Issued (Repaid) | 17.52M | 16.12M | 48.72M | -338.17K | -80.93K | |
| Issuance of Common Stock | 14.00M | 13.95M | 76.00 | 71.16M | 51.00M | |
| Repurchase of Common Stock | -416.37K | |||||
| Other Financing Activities | 13.19M | -2.01M | -296.11K | 44.92M | -1.20M | |
| Financing Cash Flow | 44.71M | 27.64M | 48.42M | 115.74M | -80.93K | 49.80M |
| Foreign Exchange Rate Adjustments | 78.89K | 96.46K | 24.02K | 40.37K | -8.14K | |
| Net Cash Flow | -1.49M | -9.14M | -20.11M | 28.86M | -25.09M | 42.52M |
| Free Cash Flow | -46.98M | -37.46M | -66.74M | -79.03M | -23.02M | -7.18M |
| Free Cash Flow Margin | -1,872.18% | -3,543.50% | -47,491.56% | -5,347.89% | -786.41% | -343.24% |
| Free Cash Flow Per Share | -0.55 | -0.47 | -0.85 | -1.16 | -0.40 | -0.13 |
| Levered Free Cash Flow | -46.56M | -39.63M | 156.76M | -61.73M | -657.53K | |
| Unlevered Free Cash Flow | -40.06M | -35.61M | 156.90M | -61.56M | -557.01K | |
| Free Cash Flow After Leases | -48.41M | -38.33M | -67.27M | -79.37M | -23.10M | -7.18M |
| Cash Interest Paid | 10.82M | 2.01M | 1.80M | |||
| Change in Working Capital | -1.78M | -1.90M | -523.41K | -9.66M | 7.89M | 958.49K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 345.37M | 357.76M | 561.25M | 706.87M | 371.97M | 355.12M |
| Enterprise Value | 396.78M | 385.57M | 607.62M | 718.65M | ||
| Last Close Price | 3.82 | 4.27 | 6.95 | 9.04 | 10.38 | 9.91 |
| Forward PE | 58.67 | |||||
| PS Ratio | 137.62 | 338.45 | 3,994.04 | 478.32 | 127.06 | 169.71 |
| PB Ratio | 3.86 | 4.91 | 5.65 | 5.51 | 4.89 | 6.59 |
| P/TBV Ratio | 3.87 | 4.90 | 6.33 | 6.55 | 5.81 | 6.64 |
| EV/Sales Ratio | 158.10 | 364.77 | 4,324.04 | 486.29 | ||
| Debt / Equity Ratio | 0.84 | 0.73 | 0.28 | 0.01 | 0.01 | |
| Net Debt / Equity Ratio | 0.58 | 0.45 | -0.02 | -0.37 | -0.27 | -0.85 |
| Net Debt / EBITDA Ratio | -2.61 | -1.91 | 0.05 | 0.17 | 0.80 | 2.55 |
| Net Debt / FCF Ratio | -1.09 | -0.87 | 0.03 | 0.60 | 0.88 | 6.35 |
| Asset Turnover | 0.01 | 0.00 | 0.01 | 0.04 | 0.07 | |
| Inventory Turnover | 4.85 | 0.66 | 10.02 | |||
| Quick Ratio | 0.40 | 0.37 | 0.54 | 4.08 | 4.58 | 19.90 |
| Current Ratio | 0.45 | 0.47 | 0.56 | 4.29 | 4.58 | 20.27 |
| Return on Equity (ROE) | -16.39% | -41.41% | -356.99% | -39.27% | -65.64% | |
| Return on Assets (ROA) | -6.84% | -16.32% | -150.74% | -19.95% | -35.27% | |
| Return on Capital Employed (ROCE) | -14.30% | -15.60% | -38.80% | -222.80% | -31.60% | -30.20% |
| Earnings Yield | -5.07% | -3.81% | -8.25% | -51.48% | -6.34% | -5.07% |
| FCF Yield | -13.60% | -10.47% | -11.89% | -11.18% | -6.19% | -2.02% |
| Buyback Yield / Dilution | -8.79% | -1.53% | -15.59% | -16.73% | -2.15% |