Lifezone Metals Ltd
LZM NYSE Metal Mining Financials FY2021โFY2025
Revenue
Total sales reported in the income statement.
$1.1M
652.3%
vs prior year
Operating margin
Operating income as a share of revenue.
โ1,742.2%
32,616.9ย pts
Net income
Profit after all expenses, interest and tax.
โ$13.6M
Free cash flow
Cash from operations minus capital spending.
โ
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
โ
Market cap
Last close times the latest diluted share count, so it is approximate.
โ
P/E
Last close divided by diluted earnings per share over the last four quarters.
โ
On โ$0.17 EPS (TTM)
What Lifezone Metals Ltd does
No business description yet.
- Legal name
- Lifezone Metals Ltd
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F ยท Mar 19, 2026
- Accession ยท CIK
- 0001958217-26-000009
0001958217
Revenue and margins
Lifezone Metals Ltd had $1.1M of revenue in fiscal 2025, up 652.3% on the year before.
FY21
Revenue $2.1M
FY22
Revenue $2.9M
FY23
Revenue $1.5M
FY24
Revenue $0.1M
FY25
Revenue $1.1M
Q2 '23
Revenue $0.0M
Q2 '24
Revenue $0.0M
FY21
Gross 100.0%
Operating โ861.6%
Net โ860.3%
FCF โ
FY22
Gross 100.0%
Operating โ877.5%
Net โ805.6%
FCF โ
FY23
Gross 49.0%
Operating โ24,710.7%
Net โ24,622.7%
FCF โ
FY24
Gross 38.2%
Operating โ34,359.1%
Net โ32,957.4%
FCF โ
FY25
Gross 49.5%
Operating โ1,742.2%
Net โ1,289.3%
FCF โ
Gross
Operating
Net
FCF
Q2 '23
Gross 100.0%
Operating โ51,927.0%
Net โ39,345.9%
FCF โ
Q2 '24
Gross 84.3%
Operating โ64,778.3%
Net โ81,326.5%
FCF โ
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY21
Net income โ$18.0M
FY22
Net income โ$23.6M
FY23
Net income โ$364M
FY24
Net income โ$46.3M
FY25
Net income โ$13.6M
Q2 '23
Net income โ$4.4M
Q2 '24
Net income โ$6.8M
FY21
Diluted EPS โ$0.32
FY22
Diluted EPS โ$0.40
FY23
Diluted EPS โ$5.34
FY24
Diluted EPS โ$0.59
FY25
Diluted EPS โ$0.17
Q2 '23
Diluted EPS โ$0.07
Q2 '24
Diluted EPS โ$0.09
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY21
Return on capital โ
Return on equity โ33.4%
Return on assets โ29.1%
FY22
Return on capital โ
Return on equity โ39.8%
Return on assets โ29.7%
FY23
Return on capital โ
Return on equity โ398.5%
Return on assets โ304.2%
FY24
Return on capital โ
Return on equity โ44.6%
Return on assets โ31.0%
FY25
Return on capital โ
Return on equity โ16.7%
Return on assets โ8.2%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was โ in fiscal 2025, โ of revenue. Cash from operations minus capital spending.
FY21
Free cash flow โ
FY22
Free cash flow โ
FY23
Free cash flow โ
FY24
Free cash flow โ
FY25
Free cash flow โ
FY21
Cash from operations โ$7.1M
Capital spending โ
FY22
Cash from operations โ$17.0M
Capital spending โ
FY23
Cash from operations โ$27.0M
Capital spending โ
FY24
Cash from operations โ$15.9M
Capital spending โ
FY25
Cash from operations โ$15.6M
Capital spending โ
Cash from operations
Capital spending
Dividends, buybacks and share count
Lifezone Metals Ltd returned โ to shareholders in fiscal 2025. The diluted share count rose 1.5%.
FY21
Dividends โ
Buybacks โ
FY22
Dividends โ
Buybacks โ
FY23
Dividends โ
Buybacks โ
FY24
Dividends โ
Buybacks โ
FY25
Dividends โ
Buybacks โ
Dividends
Buybacks
FY21
Diluted shares 0.06B
FY22
Diluted shares 0.06B
FY23
Diluted shares 0.09B
FY24
Diluted shares 0.08B
FY25
Diluted shares 0.08B
Balance sheet
Cash, debt and the ratios that show how comfortably Lifezone Metals Ltd can carry it.
FY21
Cash $45.6M
Debt โ
FY22
Cash $20.5M
Debt โ
FY23
Cash $49.4M
Debt โ
FY24
Cash $29.3M
Debt โ
FY25
Cash $20.1M
Debt โ
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $45.6M | $20.5M | $49.4M | $29.3M | $20.1M |
| Interest coverage | โ112.1x | โ96.4x | โ1,722.5x | โ7.5x | โ1.8x |
| Current ratio | โ | 4.6x | 4.3x | 0.6x | 0.5x |
| Quick ratio | โ | 4.6x | 4.3x | 0.6x | 0.5x |
| Total assets | $61.9M | $97.0M | $142M | $157M | $176M |
| Total liabilities | $8.0M | $21.0M | $13.9M | $57.3M | $103M |
| Shareholders' equity | $53.9M | $64.8M | $118M | $89.5M | $73.8M |
| Net debt (โ = net cash) | โ | โ | โ | โ | โ |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. โPlanโ marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
โ
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8โ9 is strong, 0โ2 weak.
| Test | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Net income is positive | โ | โ | โ | โ | โ |
| Cash from operations is positive | โ | โ | โ | โ | โ |
| Return on assets rose | โ | โ | โ | โ | โ |
| Cash from operations exceeds net income | โ | โ | โ | โ | โ |
| Debt fell relative to assets | โ | โ | โ | โ | โ |
| Current ratio rose | โ | โ | โ | โ | โ |
| Share count didn't rise | โ | โ | โ | โ | โ |
| Gross margin rose | โ | โ | โ | โ | โ |
| Revenue rose relative to assets | โ | โ | โ | โ | โ |
| F-score | โ / 3 | 2 / 7 | 1 / 8 | 3 / 8 | 3 / 8 |
| Accruals ratio | โ17.6% | โ8.2% | โ281.6% | โ20.3% | 1.2% |
| Altman Z'' | โ | 4.02 | โ15.79 | โ10.91 | โ9.81 |
5 years of figures
Amounts in USD. Hover a ratioโs name for its definition.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | $2.1M | $2.9M | $1.5M | $0.1M | $1.1M |
| Net interest income | โ | $0.0M | โ$76.9M | $0.0M | $0.0M |
| Gross profit | $2.1M | $2.9M | $0.7M | $0.1M | $0.5M |
| Operating income | โ$18.0M | โ$25.7M | โ$365M | โ$48.3M | โ$18.4M |
| Interest expense | $0.2M | $0.3M | $0.2M | $6.4M | $10.4M |
| Pretax income | โ$18.2M | โ$25.5M | โ$365M | โ$46.6M | โ$14.4M |
| Income tax | โ | โ | $0.0M | $0.5M | โ$0.3M |
| Net income | โ$18.0M | โ$23.6M | โ$364M | โ$46.3M | โ$13.6M |
| Net income to common | โ$18.0M | โ$23.6M | โ$364M | โ$46.3M | โ$13.6M |
| Diluted EPS | โ$0.32 | โ$0.40 | โ$5.34 | โ$0.59 | โ$0.17 |
| Diluted shares | 0.06B | 0.06B | 0.09B | 0.08B | 0.08B |
| Cash flow | |||||
| Cash from operations | โ$7.1M | โ$17.0M | โ$27.0M | โ$15.9M | โ$15.6M |
| Depreciation and amortization | โ | $0.2M | $0.7M | $1.5M | $1.4M |
| Stock-based compensation | $0.5M | $0.0M | $266M | $17.8M | $2.1M |
| Acquisitions | $8.0M | $0.0M | $8.1M | $0.0M | $0.0M |
| Balance sheet | |||||
| Cash and short-term investments | $45.6M | $20.5M | $49.4M | $29.3M | $20.1M |
| Current assets | โ | $76.6M | $54.8M | $31.7M | $27.4M |
| Current liabilities | โ | $16.7M | $12.8M | $56.0M | $59.1M |
| Inventory | โ | $0.0M | $0.1M | $0.2M | $0.1M |
| Property and equipment, net | โ | $0.9M | $6.0M | $5.3M | $4.3M |
| Goodwill | โ | $0.0M | $9.0M | $0.0M | $0.0M |
| Intangible assets | โ | $0.6M | $0.9M | $0.9M | $0.9M |
| Total assets | $61.9M | $97.0M | $142M | $157M | $176M |
| Total liabilities | $8.0M | $21.0M | $13.9M | $57.3M | $103M |
| Shareholders' equity | $53.9M | $64.8M | $118M | $89.5M | $73.8M |
| Margins | |||||
| Gross margin | 100.0% | 100.0% | 49.0% | 38.2% | 49.5% |
| Operating margin | โ861.6% | โ877.5% | โ24,710.7% | โ34,359.1% | โ1,742.2% |
| EBITDA margin | โ | โ870.6% | โ24,662.5% | โ33,299.5% | โ1,605.7% |
| Net margin | โ860.3% | โ805.6% | โ24,622.7% | โ32,957.4% | โ1,289.3% |
| Net interest share of revenue | โ | 0.0% | โ5,200.8% | 0.0% | 0.0% |
| Returns | |||||
| Return on capital employed | โ | โ32.0% | โ282.0% | โ48.0% | โ15.8% |
| Return on equity | โ33.4% | โ39.8% | โ398.5% | โ44.6% | โ16.7% |
| Return on assets | โ29.1% | โ29.7% | โ304.2% | โ31.0% | โ8.2% |
| Return on tangible equity | โ33.4% | โ36.8% | โ337.1% | โ52.2% | โ18.7% |
| Growth | |||||
| Revenue growth | โ | 39.9% | โ49.5% | โ90.5% | 652.3% |
| Share count change | โ | 8.0% | 37.2% | โ8.5% | 1.5% |
| Financial health | |||||
| Interest coverage | โ112.1x | โ96.4x | โ1,722.5x | โ7.5x | โ1.8x |
| Current ratio | โ | 4.6x | 4.3x | 0.6x | 0.5x |
| Quick ratio | โ | 4.6x | 4.3x | 0.6x | 0.5x |
| Capital allocation | |||||
| Stock comp / revenue | 22.1% | 0.0% | 17,969.9% | 12,682.5% | 200.7% |
| Quality scores | |||||
| Piotroski F-score | โ | 2.0 | 1.0 | 3.0 | 3.0 |
| Altman Z'' | โ | 4.0 | โ15.8 | โ10.9 | โ9.8 |
| Accruals ratio | โ17.6% | โ8.2% | โ281.6% | โ20.3% | 1.2% |
Source: SEC EDGAR XBRL filings (CIK 0001958217). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only โ not investment advice. Check the original filings before relying on any figure.