Welcome to our dedicated page for Sibanye Stillwater SEC filings (Ticker: SBYSF), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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Sibanye Stillwater Ltd filed an initial ownership report for director Nombembe Terence Mncedisi on Form 3. This filing lists him as a director but does not report any stock purchases, sales, or other transactions, so it mainly establishes his status as an insider under SEC rules.
Sibanye Stillwater Ltd executive Charles Edward Carter, Chief Regional Officer: Americas, filed an initial ownership report showing his existing stake in the company. The Form 3 lists direct ownership of 170,000 American Depositary Shares as of the reported date.
Each American Depositary Share represents four ordinary shares of Sibanye Stillwater Ltd, so the filing provides a clear view of Carter’s equity exposure through ADS holdings rather than reporting any new share purchase or sale.
Sibanye Stillwater Ltd chief executive officer Richard A. Stewart reports his beneficial ownership of the company’s ordinary shares. The Form 3 shows he directly holds 788,771 ordinary shares after the reported holdings entry. This filing does not disclose any recent stock purchases or sales; it simply records his current equity position as an insider.
Sibanye Stillwater Ltd director and Chief Financial Officer Charl Keyter filed an initial ownership report showing his stake in the company. He directly holds 1,816,181 Ordinary Shares and has an additional 10,300 Ordinary Shares reported as owned indirectly by his spouse. The filing does not reflect any new purchase or sale activity; it simply establishes his current shareholdings for regulatory disclosure purposes.
Sibanye Stillwater Ltd director Zilwa Sindiswa Victoria has filed a Form 3, which is an initial statement of beneficial ownership of securities. This filing does not list any buy, sell, or other transactions and shows no reported derivative positions or holding entries.
Sibanye-Stillwater reports a strong turnaround for 2025, with revenue rising 14% to R129.7 billion (US$7.3 billion) and Group adjusted EBITDA jumping 189% to R37.8 billion (US$2.1 billion). Headline earnings per share climbed 281% to 244 SA cents, although basic earnings remained a loss due to significant impairments and other one-off items.
Operationally, most segments met or beat guidance. SA PGM operations generated adjusted EBITDA of R16.7 billion, SA gold R12.5 billion, US PGM operations returned to profitability, and the Century zinc retreatment business delivered higher volumes and lower costs. The Keliber lithium project neared completion after €299 million of capex, with first mining in early 2026.
Cash generation improved materially. Notional free cash flow swung from a large negative to roughly break-even for the year, net debt edged down to R22.1 billion, and leverage fell to 0.59x adjusted EBITDA. On the back of normalised earnings of R10.6 billion (US$591 million), the board declared a full-year dividend of R3.7 billion (R1.31 per share), equal to 35% of normalised earnings and within its stated payout policy.
Sibanye-Stillwater Limited sets out a refreshed strategy to create a high-performing, future-focused metals business. The plan focuses on simplification of its operating model, performance excellence, disciplined capital allocation and value-accretive growth across primary mining, secondary mining and recycling.
The Group targets about R3 billion in annual cost savings by 2027 and a ~2.5% increase in gold-equivalent production off its 2027 base, mainly through productivity initiatives. It also aims for more than a 15% production uplift off its 2035 base from brownfield projects, while transitioning South African gold toward shallower, higher-margin operations.
Management plans to reduce gross debt by around 50% over two to three years from roughly US$2.2 billion, maintain gearing below 1.0x net debt to adjusted EBITDA and apply a dividend policy of 25–35% of normalised earnings. Capital will be split roughly one-third each between stakeholder returns, debt reduction and life-extension or growth, while projects such as the K4 PGM expansion, Burnstone and the phased Keliber lithium refinery ramp-up are advanced within a capital envelope that is not expected to rise significantly.