Sibanye Stillwater Income 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
Revenue	129,677	112,129	113,684	138,288	172,194
Revenue Growth (YoY)	15.65%	-1.37%	-17.79%	-19.69%	35.17%
Cost of Revenue	88,439	96,398	99,768	101,624	109,306
Gross Profit	41,238	15,731	13,916	36,664	62,888
Other Operating Expenses	5,789	5,654	6,435	3,959	3,618
Operating Expenses	31,217	23,924	45,223	4,190	9,161
Operating Income	10,021	-8,193	-31,307	32,474	53,727
Interest Expense	-	-	-2,471	-2,144	-1,804
Interest & Investment Income	1,568	1,337	1,369	1,203	1,202
Earnings From Equity Investments	337	212	-1,174	1,287	1,989
Currency Exchange Gain (Loss)	155	-215	1,973	616	1,149
Other Non Operating Income (Expenses)	-8,021	2,704	-2	-5,301	-8,245
EBT Excluding Unusual Items	4,060	-4,155	-31,612	28,135	48,018
Merger & Restructuring Charges	-4,790	-1,401	-989	-515	-247
Impairment of Goodwill	-	-	-8,435	-	-
Gain (Loss) on Sale of Investments	126	-22	-4	152	-4
Gain (Loss) on Sale of Assets	2	55	105	-1	52
Asset Writedown	-	-	-86	7	-
Legal Settlements	-83	38	295	126	-63
Other Unusual Items	-	396	880	-	-199
Pretax Income	-411	-4,214	-39,846	27,904	47,557
Income Tax Expense	4,328	1,496	-2,416	8,924	13,761
Earnings From Continuing Operations	-4,739	-5,710	-37,430	18,980	33,796
Minority Interest in Earnings	-432	-1,587	-342	-584	-742
Net Income	-5,171	-7,297	-37,772	18,396	33,054
Net Income to Common	-5,171	-7,297	-37,772	18,396	33,054
Net Income Growth	-	-	-	-44.35%	12.77%
Shares Outstanding (Basic)	2,831	2,831	2,831	2,826	2,899
Shares Outstanding (Diluted)	2,831	2,831	2,831	2,831	2,927
Shares Change (YoY)	-	-	-0.01%	-3.29%	5.37%
EPS (Basic)	-1.83	-2.58	-13.34	6.51	11.40
EPS (Diluted)	-1.83	-2.58	-13.34	6.50	11.29
EPS Growth	-	-	-	-42.43%	7.01%
Free Cash Flow	1,402	-11,283	-9,998	9,097	37,692
Free Cash Flow Per Share	0.49	-3.99	-3.53	3.21	12.88
Dividend Per Share	1.310	-	0.530	2.600	4.790
Dividend Growth	-	-	-79.62%	-45.72%	29.11%
Gross Margin	31.80%	14.03%	12.24%	26.51%	36.52%
Operating Margin	7.73%	-7.31%	-27.54%	23.48%	31.20%
Profit Margin	-3.99%	-6.51%	-33.23%	13.30%	19.20%
Free Cash Flow Margin	1.08%	-10.06%	-8.79%	6.58%	21.89%
EBITDA	19,388	617	17,745	40,072	67,671
EBITDA Margin	14.95%	0.55%	15.61%	28.98%	39.30%
D&A For EBITDA	9,367	8,810	49,052	7,598	13,944
EBIT	10,021	-8,193	-31,307	32,474	53,727
EBIT Margin	7.73%	-7.31%	-27.54%	23.48%	31.20%
Effective Tax Rate	-	-	-	31.98%	28.94%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.