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Friday 6 November 2026
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Lifezone Metals Limited
LZM Basic Materials Other Industrial Metals & Mining
Lifezone Metals Limited’s revenue for fiscal 2025 (year ended December 2025) was $1.1 million, up 652.3% from fiscal 2024.
- Revenue
- −52.5%
- EPS
- +23.1%
- Free cash flow
- +47.9%
Quarter to September 2026, against a year earlier
4.02
0.08
+2.03%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | 3 | 1 | 0 | 1 | 1 | (28.8%) | 2 | 2 | — | +19.1% | |
| Gross margin, % | — | — | — | — | — | — | 100.00 | 48.98 | 38.22 | 49.52 | 85.68 | (50.5) pt | ||||||
| EBT | — | — | — | — | — | 0 | (25) | (365) | (47) | (14) | (40) | +134.5% | ||||||
| EBT margin, % | — | — | — | — | — | 0.00 | (870.85) | (24,676.10) | (33,164.56) | (1,359.54) | (3,002.33) | (1,359.5) pt | ||||||
| Net income | — | 0 | — | — | — | 0 | (25) | (365) | (47) | (14) | 0 | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | 0.00 | 0.05 | 0.02 | 0.00 | 0.01 | 0.01 | n/m | |||||
| Earnings | — | — | — | — | — | (0.06) | (0.44) | (5.34) | (0.59) | (0.17) | (4.86) | +27.3% | ||||||
| Cash flow | — | — | — | — | — | (0.17) | (0.29) | (0.40) | (0.20) | (0.20) | (0.25) | +4.0% | ||||||
| Capex | — | — | — | — | — | 0.00 | (0.11) | (0.77) | (0.65) | (0.28) | (0.70) | n/m | ||||||
| Free cash flow | — | — | — | — | — | (0.17) | (0.40) | (1.17) | (0.85) | (0.47) | (0.96) | +29.6% | ||||||
| Book value | — | — | — | — | — | (1.15) | 1.30 | 1.89 | 1.26 | 0.91 | 0.98 | n/m | ||||||
| Shares, m | — | — | — | — | — | 7 | 58 | 68 | 79 | 80 | 79 | +81.6% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | — | — | — | — | — | — | 0.00 | 162.51 | 366.04 | 207.84 | 270.73 | 184.1 | ||||||
| P/B | — | — | — | — | — | — | 7.99 | 4.91 | 4.58 | 4.65 | 4.10 | 5.5 | ||||||
| EV/Sales | — | — | — | — | — | — | 0.00 | 150.94 | 357.86 | 225.05 | 307.66 | 183.5 | ||||||
| EV/FCF | — | — | — | — | — | — | (34.46) | (7.13) | (4.60) | (3.36) | (4.78) | (12.4) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | (1) | (17) | (27) | (16) | (16) | (23) | +89.0% | |||||
| Capex | — | — | — | — | — | — | (6) | (52) | (51) | (22) | (63) | +52.7% | ||||||
| Free cash flow | — | — | — | — | — | (1) | (23) | (79) | (67) | (38) | (86) | +135.5% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | 1 | 60 | 42 | (24) | (32) | (32) | n/m | |||||
| Net debt | — | — | — | — | — | 0 | (20) | (48) | (2) | 32 | 15 | n/m | ||||||
| Shareholders’ equity | — | — | — | — | — | (8) | 76 | 128 | 99 | 73 | 88 | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | — | (0.34) | (12.42) | (304.19) | (30.98) | (8.20) | (20.06) | (7.9) pt | |||||
| ROIC | — | — | — | — | — | 0.00 | (28.80) | (284.91) | (31.08) | (10.96) | (15.36) | (11.0) pt | ||||||
| ROE | — | — | — | — | — | 0.00 | (69.83) | (356.22) | (40.68) | (15.83) | (37.31) | (15.8) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | 6 | 6 | 189 | 153 | 93 | — | +98.4% | |||||
| Revenue/emp, $m | — | — | — | — | — | 0.00 | 0.49 | 0.01 | 0.00 | 0.01 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026
Lifezone Metals Limited vs peers in Other Industrial Metals & Mining (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| ELVR Elevra Lithium Limited - Sponsored ADR | $467.8M | — | — | — | — | — | — | — | Compare |
| ALOY REalloys Inc. | $408.3M | — (loss-making) | — (loss-making) | +82.73% (above 0%: growing) | n/m | −4,222.78% (below 0%: shrinking) | 59.08% | (4,577.61%) | Compare |
| NB NioCorp Developments Ltd. | $394.5M | — (loss-making) | — | — | n/m | −26.61% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| UAMY United States Antimony Corporation | $387.6M | — (loss-making) | — (loss-making) | −24.70% (below 0%: shrinking) | −46.67% (below 0%: shrinking) | −163.88% (below 0%: shrinking) | 7.36% | (88.08%) | Compare |
| TMQ Trilogy Metals Inc. | $366.4M | — (loss-making) | — | — | n/m | +11.94% (above 0%: growing) | 0.00% | 0.00% | Compare |
| LZM Lifezone Metals Limited | $358.8M | — (loss-making) | — (loss-making) | −52.49% (below 0%: shrinking) | n/m | +47.94% (above 0%: growing) | 62.62% | (2,005.98%) | |
| WRN Western Copper and Gold Corporation | $348.3M | — (loss-making) | — | — | n/m | −2.44% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| SLI Standard Lithium Ltd. | $338.1M | — (loss-making) | — | — | n/m | −487.43% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| NMG Nouveau Monde Graphite Inc. | $265.0M | — (loss-making) | — | — | n/m | −11.32% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| Median of peers | $377.0M | — | — | — | — | −26.61% | 0.00% | 0.00% |