Sibanye Stillwater Limited

EDGAR

Annual consolidated revenue for 2025: about ZAR 129.7B, using the latest reported figures. The previous period, 2024, was about ZAR 112.1B.

Watchlist

Latest fiscal year

Revenue

130 billion ZAR

2025 · ZAR

Exact inputs and evidence
  • Revenue: 129677000000 ZAR Source

Net margin

-3.99%

2025 · %

Exact inputs and evidence
  • Net Income: -5171000000 ZAR Source
  • Revenue: 129677000000 ZAR Source

Operating cash flow

21.4 billion ZAR

2025 · ZAR

Exact inputs and evidence
  • Operating Cash Flow: 21407000000 ZAR Source

Free cash flow

1.1 billion ZAR

2025 · ZAR

Exact inputs and evidence
  • Operating Cash Flow: 21407000000 ZAR Source
  • Capital Expenditure: 20307000000 ZAR Source
Cash and cash equivalents
17.2 billion ZAR Source
Exact value

17178000000 ZAR

Long-term debt including current maturities
Not available
Shares outstanding
Not available

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-07.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 7 of 11 periods available· newest 2025-12-31
  • operating income: No compatible figures in this window
  • Net income: 7 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 7 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 7 of 11 periods available· newest 2025-12-31
  • Total assets: 7 of 11 periods available· newest 2025-12-31
  • liabilities: No compatible figures in this window
  • Current assets: 7 of 11 periods available· newest 2025-12-31
  • Current liabilities: 7 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 8 of 11 periods available· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +15.6%

    Prior period

    ZAR 112.13 billion

    –

    Current period

    ZAR 129.68 billion

    –

    Exact inputs and evidence

    129677000000 − 112129000000 = 17548000000 ZAR

    112129000000 ZAR · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    129677000000 ZAR · 2025-01-01 – 2025-12-31

    Inspect current input Current source
    Share or cite

    The citation records this snapshot. The page link may show a newer release later.

  • Net income

    +ZAR 2.13 billion

    Prior period

    −ZAR 7.3 billion

    –

    Current period

    −ZAR 5.17 billion

    –

    Exact inputs and evidence

    -5171000000 − -7297000000 = 2126000000 ZAR

    -7297000000 ZAR · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -5171000000 ZAR · 2025-01-01 – 2025-12-31

    Inspect current input Current source
    Share or cite

    The citation records this snapshot. The page link may show a newer release later.

  • Operating cash flow

    +111.7%

    Prior period

    ZAR 10.11 billion

    –

    Current period

    ZAR 21.41 billion

    –

    Exact inputs and evidence

    21407000000 − 10113000000 = 11294000000 ZAR

    10113000000 ZAR · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    21407000000 ZAR · 2025-01-01 – 2025-12-31

    Inspect current input Current source
    Share or cite

    The citation records this snapshot. The page link may show a newer release later.

  • Capital expenditure

    -5.9%

    Prior period

    ZAR 21.57 billion

    –

    Current period

    ZAR 20.31 billion

    –

    Exact inputs and evidence

    20307000000 − 21569000000 = -1262000000 ZAR

    21569000000 ZAR · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    20307000000 ZAR · 2025-01-01 – 2025-12-31

    Inspect current input Current source
    Share or cite

    The citation records this snapshot. The page link may show a newer release later.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue ZAR 129.68 billion 100% of revenue
  • Operating costs Derived Unavailable An input is unavailable.
  • Operating income Unavailable An input is unavailable.
  • Tax, interest and other Derived Unavailable An input is unavailable.
  • Net income −ZAR 5.17 billion −4% of revenue

Cash

  • Operating cash flow ZAR 21.41 billion 17% of revenue
  • Capital expenditure ZAR 20.31 billion 16% of revenue
  • Free cash flow Derived ZAR 1.1 billion 0.8% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2019 Not shown: operating income or net income is not reported.
  • 2020 Not shown: operating income or net income is not reported.
  • 2021 Not shown: operating income or net income is not reported.
  • 2022 Not shown: operating income or net income is not reported.
  • 2023 Not shown: operating income or net income is not reported.
  • 2024 Not shown: operating income or net income is not reported.
  • 2025 Not shown: operating income or net income is not reported.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2019 2019-01-01 – 2019-12-3172925000000 UnavailableUnavailableUnavailable62000000 1757000000 Derived
Source
2020 2020-01-01 – 2020-12-31127392000000 UnavailableUnavailableUnavailable29312000000 17535000000 Derived
Source
2021 2021-01-01 – 2021-12-31172194000000 UnavailableUnavailableUnavailable33054000000 19516000000 Derived
Source
2022 2022-01-01 – 2022-12-31138288000000 UnavailableUnavailableUnavailable18396000000 -356000000 Derived
Source
2023 2023-01-01 – 2023-12-31113684000000 UnavailableUnavailableUnavailable-37772000000 -15316000000 Derived
Source
2024 2024-01-01 – 2024-12-31112129000000 UnavailableUnavailableUnavailable-7297000000 -11456000000 Derived
Source
2025 2025-01-01 – 2025-12-31129677000000 UnavailableUnavailableUnavailable-5171000000 1100000000 Derived
Source

Amounts are exact, in ZAR.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

ZAR 129.7B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.186.0B139.5B93.0B46.5B0.0201920222025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(ZAR)Source evidence
2019Revenue72925000000
2020Revenue127392000000
2021Revenue172194000000
2022Revenue138288000000
2023Revenue113684000000
2024Revenue112129000000
2025Revenue129677000000

Revenue growth

Change in revenue from the same financial period one year earlier.

15.6% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.82%55%27%0%-27%201920222025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2019Year over yearNo prior comparable period
2020Year over year74.7%
2021Year over year35.2%
2022Year over year-19.7%
2023Year over year-17.8%
2024Year over year-1.4%
2025Year over year15.6%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Net margin -4% 2025
Free cash flow margin 0.8% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.28%11%-5%-21%-38%2019-12-312022-12-312025-12-31
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2019-12-31Operating marginNot reported
2020-12-31Operating marginNot reported
2021-12-31Operating marginNot reported
2022-12-31Operating marginNot reported
2023-12-31Operating marginNot reported
2024-12-31Operating marginNot reported
2025-12-31Operating marginNot reported
2019Net margin0.1%
2020Net margin23%
2021Net margin19.2%
2022Net margin13.3%
2023Net margin-33.2%
2024Net margin-6.5%
2025Net margin-4%
2019Free cash flow margin2.4%
2020Free cash flow margin13.8%
2021Free cash flow margin11.3%
2022Free cash flow margin-0.3%
2023Free cash flow margin-13.5%
2024Free cash flow margin-10.2%
2025Free cash flow margin0.8%

Operating cash flow

Cash generated by the company’s normal business operations.

ZAR 21.4B 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.34.8B26.1B17.4B8.7B0.0201920222025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(ZAR)Source evidence
2019Operating cash flow9463000000
2020Operating cash flow27151000000
2021Operating cash flow32256000000
2022Operating cash flow15543000000
2023Operating cash flow7095000000
2024Operating cash flow10113000000
2025Operating cash flow21407000000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

ZAR 1.1B 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.22.3B12.2B2.1B-8.0B-18.1B201920222025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(ZAR)Source evidence
2019Free cash flow1757000000
2020Free cash flow17535000000
2021Free cash flow19516000000
2022Free cash flow-356000000
2023Free cash flow-15316000000
2024Free cash flow-11456000000
2025Free cash flow1100000000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

Not enough comparable data to show this history.
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2019-12-31Liabilities / assetsNot reported
2020-12-31Liabilities / assetsNot reported
2021-12-31Liabilities / assetsNot reported
2022-12-31Liabilities / assetsNot reported
2023-12-31Liabilities / assetsNot reported
2024-12-31Liabilities / assetsNot reported
2025-12-31Liabilities / assetsNot reported

Current assets to current liabilities

Current assets divided by current liabilities.

1.78× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.41×2.56×1.70×0.85×0.00×201920222025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2019Current assets / current liabilities1.83×
2020Current assets / current liabilities2.99×
2021Current assets / current liabilities3.16×
2022Current assets / current liabilities3.01×
2023Current assets / current liabilities1.7×
2024Current assets / current liabilities2.31×
2025Current assets / current liabilities1.78×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2019 2019-01-01 – 2019-12-31
ZAR 62 million
Exact value

Exact value: 62000000 ZAR

2019-01-01 – 2019-12-31: 62000000 ZAR Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

ZAR 9.46 billion
Exact value

Exact value: 9463000000 ZAR

2019-01-01 – 2019-12-31: 9463000000 ZAR Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

ZAR 7.71 billion
Exact value

Exact value: 7706000000 ZAR

2019-01-01 – 2019-12-31: 7706000000 ZAR Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

ZAR 1.76 billion
Calculation and evidence

9463000000 − 7706000000 ZAR

Exact free cash flow: 1757000000 ZAR

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2020 2020-01-01 – 2020-12-31
ZAR 29.31 billion
Exact value

Exact value: 29312000000 ZAR

2020-01-01 – 2020-12-31: 29312000000 ZAR Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

ZAR 27.15 billion
Exact value

Exact value: 27151000000 ZAR

2020-01-01 – 2020-12-31: 27151000000 ZAR Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

ZAR 9.62 billion
Exact value

Exact value: 9616000000 ZAR

2020-01-01 – 2020-12-31: 9616000000 ZAR Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

ZAR 17.54 billion
Calculation and evidence

27151000000 − 9616000000 ZAR

Exact free cash flow: 17535000000 ZAR

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2021 2021-01-01 – 2021-12-31
ZAR 33.05 billion
Exact value

Exact value: 33054000000 ZAR

2021-01-01 – 2021-12-31: 33054000000 ZAR Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

ZAR 32.26 billion
Exact value

Exact value: 32256000000 ZAR

2021-01-01 – 2021-12-31: 32256000000 ZAR Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

ZAR 12.74 billion
Exact value

Exact value: 12740000000 ZAR

2021-01-01 – 2021-12-31: 12740000000 ZAR Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

ZAR 19.52 billion
Calculation and evidence

32256000000 − 12740000000 ZAR

Exact free cash flow: 19516000000 ZAR

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2022 2022-01-01 – 2022-12-31
ZAR 18.4 billion
Exact value

Exact value: 18396000000 ZAR

2022-01-01 – 2022-12-31: 18396000000 ZAR Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

ZAR 15.54 billion
Exact value

Exact value: 15543000000 ZAR

2022-01-01 – 2022-12-31: 15543000000 ZAR Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

ZAR 15.9 billion
Exact value

Exact value: 15899000000 ZAR

2022-01-01 – 2022-12-31: 15899000000 ZAR Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

−ZAR 356 million
Calculation and evidence

15543000000 − 15899000000 ZAR

Exact free cash flow: -356000000 ZAR

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2023 2023-01-01 – 2023-12-31
−ZAR 37.77 billion
Exact value

Exact value: -37772000000 ZAR

2023-01-01 – 2023-12-31: -37772000000 ZAR Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

ZAR 7.1 billion
Exact value

Exact value: 7095000000 ZAR

2023-01-01 – 2023-12-31: 7095000000 ZAR Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

ZAR 22.41 billion
Exact value

Exact value: 22411000000 ZAR

2023-01-01 – 2023-12-31: 22411000000 ZAR Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

−ZAR 15.32 billion
Calculation and evidence

7095000000 − 22411000000 ZAR

Exact free cash flow: -15316000000 ZAR

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2024 2024-01-01 – 2024-12-31
−ZAR 7.3 billion
Exact value

Exact value: -7297000000 ZAR

2024-01-01 – 2024-12-31: -7297000000 ZAR Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

ZAR 10.11 billion
Exact value

Exact value: 10113000000 ZAR

2024-01-01 – 2024-12-31: 10113000000 ZAR Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

ZAR 21.57 billion
Exact value

Exact value: 21569000000 ZAR

2024-01-01 – 2024-12-31: 21569000000 ZAR Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

−ZAR 11.46 billion
Calculation and evidence

10113000000 − 21569000000 ZAR

Exact free cash flow: -11456000000 ZAR

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2025 2025-01-01 – 2025-12-31
−ZAR 5.17 billion
Exact value

Exact value: -5171000000 ZAR

2025-01-01 – 2025-12-31: -5171000000 ZAR Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

ZAR 21.41 billion
Exact value

Exact value: 21407000000 ZAR

2025-01-01 – 2025-12-31: 21407000000 ZAR Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

ZAR 20.31 billion
Exact value

Exact value: 20307000000 ZAR

2025-01-01 – 2025-12-31: 20307000000 ZAR Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

ZAR 1.1 billion
Calculation and evidence

21407000000 − 20307000000 ZAR

Exact free cash flow: 1100000000 ZAR

Share or cite

The citation records this snapshot. The page link may show a newer release later.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

356 filings · 975 latest values · 975 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001786909, 1786909, SBSW, SBYSF, edgar:1786909

Also known as Sibanye Stillwater Limited, Sibanye Stillwater Ltd