Lifezone Metals (LZM) Financial Statements & Analysis

Lifezone Metals (LZM) Income Statement

Lifezone Metals reported revenue of $1.06M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 652.2% from $140.52K a year earlier. Lifezone Metals posted a net loss of $13.63M, compared with a net loss of $46.31M a year earlier. Gross margin was -91.5% and operating margin -1724.9%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $1.67M, up 412.4% from the same quarter a year earlier.

Lifezone Metals Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Lifezone Metals Limited income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Mar 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	1.06	0.14	0.14	1.48	2.93	2.09	1.06
Cost of Revenue	2.02	0.09	0.09	0.75	1.46	0.44	0.00
Gross Profit	-0.97	0.05	0.05	0.72	2.93	2.09	1.06
Operating Expenses
Research & Development	0.13	0.16	-	0.09	0.00	0.00	0.00
Selling, General & Administrative	17.04	32.30	31.82	283.56	24.87	19.82	0.96
Operating Expenses	17.27	48.33	48.33	365.90	28.62	20.06	1.06
Operating Income	-18.23	-48.27	-48.27	-365.17	-25.69	-17.96	0.00
Other Income/Expense
Interest Income	0.54	2.34	2.34	0.57	0.22	0.01	0.01
Interest Expense	10.40	6.43	-6.43	-0.21	-0.27	0.16	0.00
Other Income/Expense	3.86	1.68	1.68	0.51	0.19	-0.07	0.01
Income
Income Before Tax	-14.37	-46.60	-46.60	-364.66	-25.49	-18.18	0.01
Income Tax Expense	-0.26	0.54	0.54	0.00	0.00	0.00	0.00
Net Income	-13.63	-46.31	-46.31	-363.87	-23.58	-18.00	0.01
Net Income - Continuous Operations	-13.63	-46.31	-47.14	-364.66	-25.49	-18.18	0.01
Net Income - Discontinued Operations	-	-	-	-	-	-	-
EBITDA	-16.74	-37.89	-37.89	-287.81	-25.16	-17.93	0.06
EBIT	-18.20	-	-39.03	-288.50	-25.36	-18.02	0.01
Depreciation & Amortization	1.49	1.14	1.14	0.60	0.20	0.09	0.05
Earnings Per Share
Basic EPS	-	-1.00	-1.00	-5.00	-	-	-
Diluted EPS	-	-1.00	-1.00	-5.00	-	-	-
Basic Shares Outstanding	79.86	78.28	78.66	68.06	58.30	58.30	35.84
Diluted Shares Outstanding	79.86	78.28	78.66	68.06	58.30	62.82	35.84

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Lifezone Metals Financial Statements

What was Lifezone Metals's revenue in fiscal 2025?

Lifezone Metals reported revenue of $1.06M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 652.2% from $140.52K a year earlier.

Is Lifezone Metals profitable?

No. Lifezone Metals reported a net loss of $13.63M in fiscal 2025. In fiscal 2024 it lost $46.31M.

What is Lifezone Metals's operating margin?

Lifezone Metals's operating income was −$18.23M on revenue of $1.06M in fiscal 2025, an operating margin of -1724.9%, compared with -34353.8% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition