SBSW revenueFY2025ZAR 129.68B
- FY YoY
- +15.5%
- 5Y CAGR
- +0.4%
SBSW revenue was ZAR 129.68B for fiscal 2025 (ended Dec 31, 2025), up 15.5% from fiscal 2024. Compound annual growth was +0.4% over 5 years. It rose in 5 of the last 8 fiscal years.
D/B/A Sibanye-Stillwater Limited (SBSW) financials
For fiscal 2025 (ended Dec 31, 2025), D/B/A Sibanye-Stillwater Limited reported ZAR 129.68B of revenue and -ZAR 5.17B of net income. Figures are in ZAR, the currency of its SEC filings.
- Revenue, FY2025
- ZAR 129.68B
- Revenue growth, YoY
- +15.5%
- Net income, FY2025
- -ZAR 5.17B
- Net margin
- -4.0%
- Free cash flow, FY2025
- ZAR 1.10B
- EPS, diluted, FY2025
- -ZAR 1.83
- Cash
- ZAR 17.18B
- Total debt
- ZAR 43.26B
FY2017FY2025
FY2017FY2025
FY2017FY2025
SBSW revenue and earnings growth
SBSW net incomeFY2025-ZAR 5.17B
SBSW net income was -ZAR 5.17B for fiscal 2025 (ended Dec 31, 2025), compared with -ZAR 7.30B in fiscal 2024.
SBSW EPSFY2025-ZAR 1.83
SBSW diluted EPS was -ZAR 1.83 for fiscal 2025 (ended Dec 31, 2025), compared with -ZAR 2.58 in fiscal 2024.
SBSW free cash flowFY2025ZAR 1.10B
- 5Y CAGR
- -42.5%
SBSW free cash flow was ZAR 1.10B for fiscal 2025 (ended Dec 31, 2025), compared with -ZAR 11.46B in fiscal 2024. Compound annual growth was -42.5% over 5 years.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 129.68B | ZAR 112.29B | ZAR 114.85B | ZAR 138.29B | ZAR 172.31B | ZAR 127.39B | ZAR 72.92B | ZAR 50.66B | ZAR 45.91B |
| Cost of revenue | ZAR 97.81B | ZAR 105.21B | ZAR 99.77B | ZAR 101.62B | ZAR 109.31B | ZAR 83.37B | ZAR 63.31B | ZAR 48.13B | ZAR 42.18B |
| Gross profit | ZAR 31.87B | ZAR 7.08B | ZAR 15.08B | ZAR 36.66B | ZAR 63.01B | ZAR 44.02B | ZAR 9.61B | ZAR 2.53B | ZAR 3.73B |
| Interest expense | ZAR 5.00B | ZAR 4.57B | ZAR 3.30B | ZAR 2.84B | ZAR 2.50B | ZAR 3.15B | ZAR 3.30B | ZAR 3.13B | ZAR 2.97B |
| Pre-tax income | -ZAR 411.00M | -ZAR 4.21B | -ZAR 39.85B | ZAR 27.90B | ZAR 47.56B | ZAR 35.48B | -ZAR 1.30B | -ZAR 1.44B | -ZAR 7.38B |
| Income tax | ZAR 4.33B | ZAR 1.50B | -ZAR 2.42B | ZAR 8.92B | ZAR 13.76B | ZAR 4.86B | -ZAR 1.73B | ZAR 1.08B | -ZAR 2.95B |
| Net income | -ZAR 5.17B | -ZAR 7.30B | -ZAR 37.77B | ZAR 18.40B | ZAR 33.05B | ZAR 29.31B | ZAR 62.00M | -ZAR 2.50B | -ZAR 4.44B |
| EPS, basic | -ZAR 1.83 | -ZAR 2.58 | -ZAR 13.34 | ZAR 6.51 | ZAR 11.40 | ZAR 10.74 | ZAR 0.02 | -ZAR 1.10 | -ZAR 2.29 |
| EPS, diluted | -ZAR 1.83 | -ZAR 2.58 | -ZAR 13.34 | ZAR 6.50 | ZAR 11.29 | ZAR 10.55 | ZAR 0.02 | -ZAR 1.10 | -ZAR 2.29 |
| Diluted shares | 2.83B | 2.83B | 2.83B | 2.83B | 2.93B | 2.78B | 2.58B | 2.26B | 1.93B |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | ZAR 17.18B | ZAR 16.05B | ZAR 25.56B | ZAR 26.08B | ZAR 30.29B | ZAR 20.24B | ZAR 5.62B | ZAR 2.55B | ZAR 2.06B |
| Receivables | ZAR 6.81B | ZAR 5.72B | ZAR 8.90B | ZAR 7.50B | ZAR 7.41B | ZAR 6.87B | ZAR 4.63B | ZAR 6.83B | ZAR 6.20B |
| Inventory | ZAR 31.48B | ZAR 25.55B | ZAR 26.36B | ZAR 26.38B | ZAR 25.08B | ZAR 24.95B | ZAR 15.50B | ZAR 5.29B | ZAR 3.53B |
| Current assets | ZAR 60.75B | ZAR 48.41B | ZAR 61.82B | ZAR 60.76B | ZAR 64.83B | ZAR 52.24B | ZAR 26.16B | ZAR 15.20B | ZAR 12.00B |
| Goodwill | ZAR 843.00M | ZAR 878.00M | ZAR 499.00M | ZAR 8.24B | ZAR 7.73B | ZAR 7.17B | ZAR 6.86B | ZAR 6.89B | ZAR 6.40B |
| Total assets | ZAR 149.74B | ZAR 138.09B | ZAR 142.94B | ZAR 166.63B | ZAR 152.99B | ZAR 134.10B | ZAR 101.07B | ZAR 84.92B | ZAR 76.07B |
| Current liabilities | ZAR 34.16B | ZAR 20.95B | ZAR 36.41B | ZAR 20.22B | ZAR 20.54B | ZAR 17.49B | ZAR 14.33B | ZAR 14.63B | ZAR 8.44B |
| Short-term debt | ZAR 11.40B | ZAR 552.00M | ZAR 11.67B | ZAR 122.00M | ZAR 107.00M | ZAR 886.00M | ZAR 38.00M | ZAR 6.19B | ZAR 1.66B |
| Long-term debt | ZAR 31.86B | ZAR 41.13B | ZAR 24.95B | ZAR 22.61B | ZAR 20.19B | ZAR 17.50B | ZAR 23.70B | ZAR 18.32B | ZAR 23.99B |
| Total debt | ZAR 43.26B | ZAR 41.69B | ZAR 36.62B | ZAR 22.73B | ZAR 20.30B | ZAR 18.38B | ZAR 23.74B | ZAR 24.50B | ZAR 25.65B |
| Total liabilities | ZAR 105.57B | ZAR 89.80B | ZAR 91.33B | ZAR 75.63B | ZAR 71.65B | ZAR 63.39B | ZAR 69.93B | ZAR 60.20B | ZAR 52.07B |
| Shareholders' equity | ZAR 39.53B | ZAR 43.98B | ZAR 48.73B | ZAR 91.00B | ZAR 81.34B | ZAR 70.72B | ZAR 31.14B | ZAR 24.72B | ZAR 24.00B |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | ZAR 21.41B | ZAR 10.11B | ZAR 7.09B | ZAR 15.54B | ZAR 32.26B | ZAR 27.15B | ZAR 9.46B | ZAR 12.20B | ZAR 2.74B |
| Capital expenditures | ZAR 20.31B | ZAR 21.57B | ZAR 22.41B | ZAR 15.90B | ZAR 12.74B | ZAR 9.62B | ZAR 7.71B | ZAR 7.08B | ZAR 6.10B |
| Free cash flow | ZAR 1.10B | -ZAR 11.46B | -ZAR 15.32B | -ZAR 356.00M | ZAR 19.52B | ZAR 17.54B | ZAR 1.76B | ZAR 5.12B | -ZAR 3.36B |
| Investing cash flow | -ZAR 21.69B | -ZAR 24.34B | -ZAR 22.04B | -ZAR 17.37B | -ZAR 14.57B | -ZAR 9.94B | -ZAR 4.86B | -ZAR 7.74B | -ZAR 28.14B |
| Financing cash flow | ZAR 2.76B | ZAR 4.74B | ZAR 12.98B | -ZAR 3.50B | -ZAR 8.34B | -ZAR 2.24B | -ZAR 1.47B | -ZAR 4.10B | ZAR 26.81B |
| Share repurchases | - | - | ZAR 0 | ZAR 0 | ZAR 8.50B | ZAR 84.00M | ZAR 0 | - | - |
| Stock-based compensation | ZAR 2.11B | ZAR 251.00M | ZAR 113.00M | ZAR 218.00M | ZAR 383.00M | ZAR 512.00M | ZAR 363.00M | ZAR 299.40M | ZAR 231.90M |
| Depreciation and amortization | ZAR 9.37B | ZAR 8.81B | ZAR 10.01B | ZAR 7.09B | ZAR 8.29B | ZAR 7.59B | ZAR 7.21B | ZAR 6.61B | ZAR 5.70B |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 15.5% | -2.2% | -16.9% | -19.7% | 35.3% | 74.7% | 44.0% | 10.3% | - |
| Net income growth, YoY | - | - | - | -44.3% | 12.8% | 47177.4% | - | - | - |
| EPS growth, YoY | - | - | - | -42.4% | 7.0% | 52650.0% | - | - | - |
| Gross margin | 24.6% | 6.3% | 13.1% | 26.5% | 36.6% | 34.6% | 13.2% | 5.0% | 8.1% |
| Net margin | -4.0% | -6.5% | -32.9% | 13.3% | 19.2% | 23.0% | 0.1% | -4.9% | -9.7% |
| Free cash flow margin | 0.8% | -10.2% | -13.3% | -0.3% | 11.3% | 13.8% | 2.4% | 10.1% | -7.3% |
| Return on equity | -13.1% | -16.6% | -77.5% | 20.2% | 40.6% | 41.5% | 0.2% | -10.1% | -18.5% |
| Return on assets | -3.5% | -5.3% | -26.4% | 11.0% | 21.6% | 21.9% | 0.1% | -2.9% | -5.8% |
| Current ratio | 1.78 | 2.31 | 1.70 | 3.01 | 3.16 | 2.99 | 1.83 | 1.04 | 1.42 |
| Debt to equity | 1.09 | 0.95 | 0.75 | 0.25 | 0.25 | 0.26 | 0.76 | 0.99 | 1.07 |
Source: XBRL data D/B/A Sibanye-Stillwater Limited files with the SEC, latest filing dated Apr 24, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
SBSW peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| SBSW | ZAR 129.68B | +15.5% | -ZAR 5.17B | -4.0% | $7.00B |
| NEM | $26.61B | +23.7% | $9.24B | 34.7% | $130.07B |
| AEM | $11.91B | +43.7% | $4.46B | 37.5% | $101.51B |
| B | $16.96B | +31.2% | $4.99B | 29.4% | $69.56B |
| WPM | $2.31B | +80.2% | $1.47B | 63.6% | $65.38B |
| FNV | $1.82B | +63.7% | $1.11B | 61.0% | $50.81B |
| AU | $9.89B | +70.8% | $3.17B | 32.1% | $50.26B |
| GFI | $8.75B | +68.2% | $3.57B | 40.8% | $36.73B |
| KGC | $7.05B | +36.9% | $2.39B | 33.9% | $26.92B |
SBSW FAQ
9 questionsWhat is SBSW revenue?
D/B/A Sibanye-Stillwater Limited (SBSW) reported ZAR 129.68B of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 15.5% from the year before.Is SBSW profitable?
No. D/B/A Sibanye-Stillwater Limited reported a net loss of ZAR 5.17B for fiscal 2025 (ended Dec 31, 2025).How much cash and debt does SBSW have?
D/B/A Sibanye-Stillwater Limited reported ZAR 17.18B in cash and cash equivalents and ZAR 43.26B of debt on its most recent balance sheet in SEC filings.How fast is SBSW revenue growing?
D/B/A Sibanye-Stillwater Limited's revenue changed +15.5% in fiscal 2025, to ZAR 129.68B. Its compound annual growth rate was +0.4% over 5 years.What is SBSW gross margin?
D/B/A Sibanye-Stillwater Limited's gross profit was ZAR 31.87B on ZAR 129.68B of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 24.6%.What is SBSW free cash flow?
D/B/A Sibanye-Stillwater Limited generated ZAR 1.10B of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of ZAR 21.41B less capital expenditures.What is SBSW earnings per share?
Diluted earnings per share were -ZAR 1.83 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did SBSW last report financial results?
The latest statements here come from D/B/A Sibanye-Stillwater Limited's 20-F filed on Apr 24, 2026, covering the period ended Dec 31, 2025.Where does this SBSW financial data come from?
Quantisnow builds these statements from the structured XBRL data D/B/A Sibanye-Stillwater Limited files with the SEC. It is provided for information only and is not investment advice.