Sibanye Stillwater (SBYSF) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 30, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Apr 24, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SBYSF SEC filings page.
Sibanye Stillwater Ltd (SBYSF) reported $7.8B in revenue for fiscal year 2025, up 31.9% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (20-F and 6-K reports).
Financial Health Signals
We do not publish a peer-relative financial health score for Sibanye Stillwater Ltd, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Sibanye Stillwater Ltd passes 7 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
Sibanye Stillwater Ltd reported a net loss of $312.5M while generating $1.3B in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Sibanye Stillwater Ltd generated $7.8B in revenue in fiscal year 2025. This represents an increase of 31.9% from the prior year.
Sibanye Stillwater Ltd reported a net loss of $312.5M in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
Sibanye Stillwater Ltd earned -$0.11 per diluted share (EPS) in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Sibanye Stillwater Ltd generated $66.5M in free cash flow in fiscal year 2025, representing cash available after capex. The change from the prior year is not meaningful, because that figure was zero or negative.
Sibanye Stillwater Ltd held $1.0B in cash against $1.9B in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Sibanye Stillwater Ltd's gross margin was 24.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 18.4 percentage points from the prior year.
Sibanye Stillwater Ltd's net profit margin was -4.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.5 percentage points from the prior year.
Sibanye Stillwater Ltd's ROE was -13.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.5 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
Sibanye Stillwater Ltd invested $1.2B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 7.4% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
SBYSF Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.8B+31.9% | $5.9B-4.6% | $6.2B-23.5% | $8.1B-24.7% | $10.8B+24.3% | $8.7B+66.6% | $5.2B+48.1% | $3.5B-5.0% | $3.7B |
| Cost of Revenue | $5.9B+6.1% | $5.6B+2.0% | $5.5B-8.6% | $6.0B-12.9% | $6.9B+20.6% | $5.7B+25.6% | $4.5B+35.4% | $3.3B-1.8% | $3.4B |
| Gross Profit | $1.9B+425.3% | $366.6M-51.9% | $762.0M-64.7% | $2.2B-45.4% | $3.9B+31.4% | $3.0B+336.9% | $687.8M+291.3% | $175.8M-41.7% | $301.3M |
| Interest Expense | $302.1M+24.8% | $242.1M+34.0% | $180.6M+8.1% | $167.1M+6.7% | $156.7M-27.2% | $215.2M-9.0% | $236.4M+8.4% | $218.0M-9.2% | $240.1M |
| Income Tax | $261.5M+230.0% | $79.2Mn/m | -$132.3M-125.2% | $525.1M-39.2% | $863.8M+160.5% | $331.6Mn/m | -$124.0M-264.5% | $75.4Mn/m | -$238.1M |
| Net Income | -$312.5Mn/m | -$386.5Mn/m | -$2.1B-291.1% | $1.1B-47.8% | $2.1B+3.7% | $2.0B+44992.7% | $4.4Mn/m | -$173.9Mn/m | -$358.6M |
| EPS (Basic) | -$0.11n/m | -$0.14n/m | -$0.73-290.7% | $0.38-46.5% | $0.72-2.4% | $0.73+52264.3% | $0.00n/m | -$0.08n/m | -$0.19 |
| EPS (Diluted) | -$0.11n/m | -$0.14n/m | -$0.73-291.0% | $0.38-46.0% | $0.71-1.6% | $0.72+51335.7% | $0.00n/m | -$0.08n/m | -$0.19 |
| Diluted Shares (Avg) | 2.83B0.0% | 2.83B0.0% | 2.83B0.0% | 2.83B-3.3% | 2.93B+5.4% | 2.78B+7.7% | 2.58B+13.9% | 2.26B+17.1% | 1.93B |
Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses, Operating Income, EBITDA.
SBYSF Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.0B+23.8% | $7.3B-6.6% | $7.8B-20.2% | $9.8B+2.1% | $9.6B+4.9% | $9.2B+26.5% | $7.2B+22.5% | $5.9B-3.9% | $6.1B |
| Current Assets | $3.7B+43.2% | $2.6B-24.3% | $3.4B-5.3% | $3.6B-12.1% | $4.1B+14.1% | $3.6B+90.5% | $1.9B+77.2% | $1.1B+8.9% | $970.1M |
| Cash & Equivalents | $1.0B+22.1% | $850.1M-39.3% | $1.4B-8.8% | $1.5B-19.3% | $1.9B+37.6% | $1.4B+243.6% | $402.1M+126.8% | $177.3M+6.4% | $166.7M |
| Inventory | $1.9B+40.6% | $1.4B-6.3% | $1.4B-7.0% | $1.6B-1.4% | $1.6B-7.6% | $1.7B+53.5% | $1.1B+201.3% | $368.3M+29.2% | $285.0M |
| Accounts Receivable | $411.6M+35.8% | $303.1M-37.8% | $487.3M+10.4% | $441.3M-5.1% | $465.2M-0.7% | $468.7M+41.3% | $331.7M-30.2% | $475.3M-5.1% | $500.8M |
| Goodwill | $50.9M+23.0% | $41.4M+51.6% | $27.3M-94.4% | $484.9M0.0% | $485.1M-0.8% | $489.1M-0.3% | $490.6M+2.4% | $479.2M-7.3% | $516.8M |
| Total Liabilities | $6.7B+33.7% | $5.0B-3.5% | $5.2B+11.6% | $4.6B0.0% | $4.6B+2.3% | $4.5B-11.6% | $5.1B+20.2% | $4.3B+1.0% | $4.2B |
| Current Liabilities | $2.1B+86.8% | $1.1B-44.6% | $2.0B+67.6% | $1.2B-7.7% | $1.3B+8.0% | $1.2B+16.4% | $1.0B+0.7% | $1.0B+49.3% | $681.8M |
| Non-Current Liabilities | $4.3B+18.3% | $3.6B+21.2% | $3.0B-7.7% | $3.3B+1.6% | $3.2B+2.4% | $3.1B-21.3% | $4.0B+25.6% | $3.2B-10.1% | $3.5B |
| Long-Term Debt | $1.9B-11.7% | $2.2B+59.5% | $1.4B+2.7% | $1.3B+4.9% | $1.3B+6.1% | $1.2B-29.6% | $1.7B+33.1% | $1.3B-34.3% | $1.9B |
| Total Equity | $2.4B+2.5% | $2.3B-12.7% | $2.7B-48.5% | $5.2B+4.0% | $5.0B+7.5% | $4.6B+118.4% | $2.1B+28.3% | $1.7B-14.6% | $1.9B |
| Retained Earnings | -$1.2Bn/m | -$731.9Mn/m | -$463.8M-123.3% | $2.0B+15.5% | $1.7B+106.4% | $833.9Mn/m | -$1.1Bn/m | -$1.1Bn/m | -$1.1B |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.
SBYSF Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.3B+141.5% | $535.7M+37.9% | $388.5M-57.5% | $914.6M-54.8% | $2.0B+9.3% | $1.9B+173.7% | $677.2M-20.2% | $848.4M+283.1% | $221.5M |
| Depreciation & Amortization | $566.0M+21.3% | $466.7M-14.9% | $548.2M+31.5% | $417.0M-19.9% | $520.6M+0.4% | $518.3M+0.4% | $516.3M+12.2% | $460.0M-0.1% | $460.6M |
| Capital Expenditures | $1.2B+7.4% | $1.1B-6.9% | $1.2B+31.2% | $935.5M+17.0% | $799.7M+21.8% | $656.4M+19.0% | $551.5M+12.0% | $492.5M-0.1% | $492.8M |
| Free Cash Flow | $66.5Mn/m | -$606.8Mn/m | -$838.7Mn/m | -$20.9M-101.7% | $1.2B+2.4% | $1.2B+851.9% | $125.7M-64.7% | $355.9Mn/m | -$271.4M |
| Investing Cash Flow | -$1.3Bn/m | -$1.3Bn/m | -$1.2Bn/m | -$1.0Bn/m | -$914.5Mn/m | -$678.4Mn/m | -$348.1Mn/m | -$538.6Mn/m | -$2.3B |
| Financing Cash Flow | $166.5M-33.6% | $250.8M-64.7% | $710.5Mn/m | -$205.8Mn/m | -$523.8Mn/m | -$153.2Mn/m | -$105.2Mn/m | -$285.3M-113.2% | $2.2B |
Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.
SBYSF Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 24.6%+18.4pp | 6.2%-6.1pp | 12.2%-14.3pp | 26.5%-10.0pp | 36.5%+2.0pp | 34.6%+21.4pp | 13.2%+8.2pp | 5.0%-3.1pp | 8.1% |
| Net Margin | -4.0%+2.5pp | -6.5%+26.7pp | -33.2%-46.5pp | 13.3%-5.9pp | 19.2%-3.8pp | 23.0%+22.9pp | 0.1%+5.0pp | -4.9%+4.7pp | -9.7% |
| Return on Equity | -13.1%+3.5pp | -16.6%+60.9pp | -77.5%-98.4pp | 20.9%-20.8pp | 41.6%-1.5pp | 43.1%+42.9pp | 0.2%+10.7pp | -10.5%+8.0pp | -18.5% |
| Return on Assets | -3.5%+1.8pp | -5.3%+21.1pp | -26.4%-37.5pp | 11.0%-10.6pp | 21.6%-0.3pp | 21.9%+21.8pp | 0.1%+3.0pp | -2.9%+2.9pp | -5.8% |
| Current Ratio | 1.78-0.5x | 2.32+0.6x | 1.70-1.3x | 3.01-0.2x | 3.16+0.2x | 2.99+1.2x | 1.83+0.8x | 1.04-0.4x | 1.42 |
| Debt-to-Equity | 0.81-0.1x | 0.94+0.4x | 0.51+0.3x | 0.260.0x | 0.250.0x | 0.26-0.5x | 0.800.0x | 0.77-0.2x | 1.00 |
| Liabilities-to-Equity | 2.79+0.7x | 2.14+0.2x | 1.93+1.0x | 0.890.0x | 0.930.0x | 0.97-1.4x | 2.41-0.2x | 2.57+0.4x | 2.17 |
| Asset Turnover | 0.87+0.1x | 0.810.0x | 0.800.0x | 0.83-0.3x | 1.13+0.2x | 0.95+0.2x | 0.72+0.1x | 0.600.0x | 0.60 |
| FCF Margin | 0.9%+11.1pp | -10.2%+3.2pp | -13.5%-13.2pp | -0.3%-11.6pp | 11.3%-2.4pp | 13.8%+11.3pp | 2.4%-7.7pp | 10.1%+17.4pp | -7.3% |
Not reported in any period shown, so not listed: Operating Margin.
Where Sibanye Stillwater Ltd Ranks
Frequently Asked Questions
Sibanye Stillwater Ltd (SBYSF) reported $7.8B in total revenue for fiscal year 2025. This represents a 31.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Sibanye Stillwater Ltd (SBYSF) revenue grew by 31.9% year-over-year, from $5.9B to $7.8B in fiscal year 2025.
No, Sibanye Stillwater Ltd (SBYSF) reported a net loss of $312.5M in fiscal year 2025, with a net profit margin of -4.0%.
As of fiscal year 2025, Sibanye Stillwater Ltd (SBYSF) had $1.0B in cash and equivalents against $1.9B in long-term debt.
Sibanye Stillwater Ltd (SBYSF) had a gross margin of 24.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
Sibanye Stillwater Ltd (SBYSF) had a net profit margin of -4.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Sibanye Stillwater Ltd (SBYSF) has a return on equity of -13.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Sibanye Stillwater Ltd (SBYSF) generated $66.5M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
Sibanye Stillwater Ltd (SBYSF) generated $1.3B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
Sibanye Stillwater Ltd (SBYSF) had $9.0B in total assets as of fiscal year 2025, including both current and long-term assets.
Sibanye Stillwater Ltd (SBYSF) invested $1.2B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Sibanye Stillwater Ltd (SBYSF) had a current ratio of 1.78 as of fiscal year 2025, which is generally considered healthy.
Sibanye Stillwater Ltd (SBYSF) had a debt-to-equity ratio of 0.81 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
Sibanye Stillwater Ltd (SBYSF) had a liabilities-to-equity ratio of 2.79 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
Sibanye Stillwater Ltd (SBYSF) had a return on assets of -3.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Sibanye Stillwater Ltd (SBYSF) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $6.2B as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Sibanye Stillwater Ltd (SBYSF) trades at 0.8x sales, its market capitalization divided by $7.8B revenue, FY2025. The market capitalization is $6.2B as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Sibanye Stillwater Ltd (SBYSF) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Sibanye Stillwater Ltd (SBYSF) reported a net loss of $312.5M while generating $1.3B in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.