Sibanye Stillwater Cash Flow Statement

Financials in millions ZAR. Fiscal year is January - December.

Millions ZAR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-5,171	-7,297	-37,772	18,396	33,054
Depreciation & Amortization	9,367	8,810	49,262	7,699	14,056
Other Amortization	-	-	85	266	158
Loss (Gain) From Sale of Assets	-	-	-	164	-
Asset Writedown & Restructuring Costs	-	-	8,521	-7	-
Loss (Gain) From Sale of Investments	-	-	9	-152	-
Loss (Gain) on Equity Investments	-	-	1,174	-1,287	-1,989
Stock-Based Compensation	-	-	113	218	383
Other Operating Activities	15,240	1,920	-10,747	-687	2,315
Change in Accounts Receivable	-	-	1,328	116	-510
Change in Inventory	-	-	1,513	605	1,384
Change in Accounts Payable	-	-	-1,091	-335	1,581
Change in Other Net Operating Assets	2,273	6,853	-	-	-
Operating Cash Flow	21,709	10,286	12,413	24,996	50,432
Operating Cash Flow Growth	111.05%	-17.14%	-50.34%	-50.44%	74.81%
Capital Expenditures	-20,307	-21,569	-22,411	-15,899	-12,740
Sale of Property, Plant & Equipment	481	129	168	191	80
Cash Acquisitions	-1,990	-2,982	471	-1,317	-577
Divestitures	-	-	-	14	25
Investment in Securities	-176	-43	-852	-864	-2,249
Other Investing Activities	300	127	586	501	893
Investing Cash Flow	-21,692	-24,338	-22,038	-17,374	-14,568
Long-Term Debt Issued	7,912	8,278	12,758	8,000	20,651
Long-Term Debt Repaid	-5,111	-3,543	-1,542	-8,134	-20,364
Net Debt Issued (Repaid)	2,801	4,735	11,216	-134	287
Repurchase of Common Stock	-	-	-	-	-8,503
Common Dividends Paid	-302	-173	-5,318	-9,453	-18,176
Other Financing Activities	-45	-	1,760	-3,363	-128
Financing Cash Flow	2,454	4,562	7,658	-12,950	-26,520
Foreign Exchange Rate Adjustments	-1,342	-21	1,451	1,112	708
Net Cash Flow	1,129	-9,511	-516	-4,216	10,052
Free Cash Flow	1,402	-11,283	-9,998	9,097	37,692
Free Cash Flow Growth	-	-	-	-75.87%	95.98%
Free Cash Flow Margin	1.08%	-10.06%	-8.79%	6.58%	21.89%
Free Cash Flow Per Share	0.49	-3.99	-3.53	3.21	12.88
Cash Interest Paid	2,337	2,101	1,304	1,118	781
Cash Income Tax Paid	2,464	1,452	3,209	8,866	14,839
Levered Free Cash Flow	-11,412	-14,230	5,105	10,747	35,605
Unlevered Free Cash Flow	-11,412	-14,230	6,564	11,821	36,574
Change in Working Capital	2,273	6,853	1,750	386	2,455

Source: S&P Global Market Intelligence. Standard template. Financial Sources.