Sibanye Stillwater Cash Flow Statement

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

Millions ZAR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-3,553	-7,297	-37,772	18,396	33,054	29,312
Depreciation & Amortization	19,033	18,949	49,262	7,699	14,056	8,278
Other Amortization	-	-	85	266	158	187
Loss (Gain) From Sale of Assets	-	-	-	164	-	-
Asset Writedown & Restructuring Costs	-	-	8,521	-7	-	-2
Loss (Gain) From Sale of Investments	24	24	9	-152	-	-120
Loss (Gain) on Equity Investments	-212	-212	1,174	-1,287	-1,989	-1,700
Stock-Based Compensation	251	251	113	218	383	512
Other Operating Activities	-1,065	-8,282	-10,747	-687	2,315	1,817
Change in Accounts Receivable	1,767	1,767	1,328	116	-510	-2,167
Change in Inventory	2,153	2,153	1,513	605	1,384	-9,027
Change in Accounts Payable	2,933	2,933	-1,091	-335	1,581	1,759
Operating Cash Flow	19,766	10,286	12,413	24,996	50,432	28,849
Operating Cash Flow Growth	159.12%	-17.14%	-50.34%	-50.44%	74.81%	202.15%
Capital Expenditures	-19,960	-21,569	-22,411	-15,899	-12,740	-9,616
Sale of Property, Plant & Equipment	184	129	168	191	80	101
Cash Acquisitions	-189	-2,982	471	-1,317	-577	-756
Divestitures	-	-	-	14	25	-
Investment in Securities	69	-43	-852	-864	-2,249	102
Other Investing Activities	396	127	586	501	893	231
Investing Cash Flow	-19,479	-24,338	-22,038	-17,374	-14,568	-9,938
Long-Term Debt Issued	-	8,278	12,758	8,000	20,651	16,289
Long-Term Debt Repaid	-	-3,543	-1,542	-8,134	-20,364	-18,449
Net Debt Issued (Repaid)	5,773	4,735	11,216	-134	287	-2,160
Repurchase of Common Stock	-	-	-	-	-8,503	-84
Common Dividends Paid	-173	-173	-5,318	-9,453	-18,176	-1,698
Other Financing Activities	-	-	1,760	-3,363	-128	-
Financing Cash Flow	5,600	4,562	7,658	-12,950	-26,520	-3,942
Foreign Exchange Rate Adjustments	-435	-21	1,451	1,112	708	-348
Net Cash Flow	5,452	-9,511	-516	-4,216	10,052	14,621
Free Cash Flow	-194	-11,283	-9,998	9,097	37,692	19,233
Free Cash Flow Growth	-	-	-	-75.87%	95.98%	944.14%
Free Cash Flow Margin	-0.17%	-10.06%	-8.79%	6.58%	21.89%	15.10%
Free Cash Flow Per Share	-0.07	-3.99	-3.53	3.21	12.88	6.92
Cash Interest Paid	2,289	2,101	1,304	1,118	781	1,386
Cash Income Tax Paid	620	1,452	3,209	8,866	14,839	4,818
Levered Free Cash Flow	-6,160	-6,416	5,105	10,747	35,605	13,877
Unlevered Free Cash Flow	-3,754	-4,187	6,564	11,821	36,574	15,172
Change in Working Capital	5,288	6,853	1,750	386	2,455	-9,435

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.