Lifezone Metals Ltd balance sheet

At the end of fiscal 2025, Lifezone Metals Ltd had total assets of $176m, total liabilities of $103m and shareholders' equity of $73.8m. It held $20.1m in cash against $0 of debt: net cash of $20.1m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Lifezone Metals Ltd: balance sheet, annual
Fiscal year	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	46	21	49	29	20
Receivables	—	6	4	2	2
Inventory	—	0	0	0	0
Total current assets	—	77	55	32	27
Goodwill	—	0	9	0	0
Total assets	62	97	142	157	176
Total current liabilities	—	17	13	56	59
Total debt	0	0	0	0	0
Total liabilities	8	21	14	57	103
Shareholders' equity	54	65	118	90	74
Non-controlling interests and other (assets − liabilities − equity)	—	11	10	10	—
Net debt (negative = net cash)	−46	−21	−49	−29	−20
Shares outstanding	—	—	86m	72m	—

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Lifezone Metals Ltd's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Lifezone Metals Ltd.