SBSW · CIK 0001786909

Sibanye Stillwater Limited

Annual figures as reported, FY2016–FY2024. Ratios and growth rates derived on-page.

Revenue

ZAR 112.1B

▼ −1.4% vs FY2023

Net income

−ZAR 5.7B

▲ +84.7% vs FY2023

Free cash flow

−ZAR 11.5B

▲ +25.2% vs FY2023

Diluted EPS

−ZAR 2.58

▲ +80.7% vs FY2023

Revenue

Annual, as reported

Net income

Losses shown in terracotta

Profitability & returns

quality of earnings

Margins

Share of revenue kept at each line

Gross marginNet margin

Returns on capital

Net income vs year-end equity and assets

Return on equityReturn on assets

Cash flow

cash generation

Free cash flow

Operating cash flow less capital expenditure

Operating cash flow

Net cash from operations

Shareholder returns

capital allocation

Capital returned

Cash paid out as dividends and share repurchases

Dividends paidBuybacks

Diluted shares outstanding

Falling count means buybacks outpace dilution

Balance sheet

financial position

Stockholders’ equity

At fiscal year end

Net debt

Long-term debt less cash — negative means net cash

Growth rates

compounding, annualized

Revenue CAGR

−13.3%

+9.0%

Share count change (split-adjusted)

+9.8%

Key ratios

derived per fiscal year

Fiscal year	Gross margin	Net margin	FCF margin	ROE	ROA	Current ratio	Debt / equity
FY2024	6.2%	−5.1%	−10.2%	−11.8%	−4.1%	2.32×	0.86×
FY2023	12.2%	−32.9%	−13.5%	−72.5%	−26.2%	1.70×	0.71×
FY2022	26.5%	13.7%	−0.3%	20.9%	11.4%	3.01×	0.25×
FY2021	36.5%	19.6%	11.3%	41.5%	22.1%	3.16×	0.25×
FY2020	34.6%	24.0%	13.8%	43.3%	22.8%	2.99×	0.26×
FY2019	13.2%	0.6%	2.4%	1.4%	0.4%	1.83×	0.76×
FY2018	5.0%	−5.0%	10.1%	−10.2%	−3.0%	1.04×	0.99×
FY2017	8.1%	−9.7%	−7.3%	−18.5%	−5.8%	1.42×	1.07×
FY2016	—	—	—	—	—	—	0.54×

Annual figures

as reported

Fiscal year	Revenue	Gross profit	Op. income	Net income	Diluted EPS	Op. cash flow	Capex	Total assets	Liabilities	Equity	Cash	LT debt
FY2024	ZAR 112.1B	ZAR 6.9B	—	−ZAR 5.7B	−ZAR 2.58	ZAR 10.1B	ZAR 21.6B	ZAR 138.0B	ZAR 89.7B	ZAR 48.3B	ZAR 16.0B	ZAR 41.7B
FY2023	ZAR 113.7B	ZAR 13.9B	—	−ZAR 37.4B	−ZAR 13.34	ZAR 7.1B	ZAR 22.4B	ZAR 142.9B	ZAR 91.3B	ZAR 51.6B	ZAR 25.6B	ZAR 36.6B
FY2022	ZAR 138.3B	ZAR 36.7B	—	ZAR 19.0B	ZAR 6.50	ZAR 15.5B	ZAR 15.9B	ZAR 166.6B	ZAR 75.6B	ZAR 91.0B	ZAR 26.1B	ZAR 22.7B
FY2021	ZAR 172.2B	ZAR 62.9B	—	ZAR 33.8B	ZAR 11.29	ZAR 32.3B	ZAR 12.7B	ZAR 153.0B	ZAR 71.6B	ZAR 81.3B	ZAR 30.3B	ZAR 20.3B
FY2020	ZAR 127.4B	ZAR 44.0B	—	ZAR 30.6B	ZAR 10.55	ZAR 27.2B	ZAR 9.6B	ZAR 134.1B	ZAR 63.4B	ZAR 70.7B	ZAR 14.6B	ZAR 18.4B
FY2019	ZAR 72.9B	ZAR 9.6B	—	ZAR 433.0M	ZAR 0.02	ZAR 9.5B	ZAR 7.7B	ZAR 101.1B	ZAR 69.9B	ZAR 31.1B	ZAR 5.6B	ZAR 23.7B
FY2018	ZAR 50.7B	ZAR 2.5B	—	−ZAR 2.5B	−ZAR 1.10	ZAR 12.2B	ZAR 7.1B	ZAR 84.9B	ZAR 60.2B	ZAR 24.7B	ZAR 2.5B	ZAR 24.5B
FY2017	ZAR 45.9B	ZAR 3.7B	—	−ZAR 4.4B	−ZAR 2.29	ZAR 2.7B	ZAR 6.1B	ZAR 76.1B	ZAR 52.1B	ZAR 24.0B	ZAR 2.1B	ZAR 25.6B
FY2016	—	—	—	—	—	—	—	—	—	ZAR 16.5B	ZAR 967.9M	ZAR 9.0B

Latest filings

the most recent regulatory filings

4Insider ownership filing2026-07-01 ↗6-KForeign issuer report2026-07-01 ↗6-KForeign issuer report2026-07-01 ↗4Insider ownership filing2026-06-30 ↗6-KForeign issuer report2026-06-30 ↗6-KForeign issuer report2026-06-23 ↗6-KForeign issuer report2026-06-10 ↗6-KForeign issuer report2026-06-03 ↗6-KForeign issuer report2026-06-02 ↗6-KForeign issuer report2026-05-29 ↗

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Fiscal year

Gross margin

Net margin

FCF margin

ROE

ROA

Current ratio

Debt / equity

FY2024

6.2%

−5.1%

−10.2%

−11.8%

−4.1%

2.32×

0.86×

FY2023

12.2%

−32.9%

−13.5%

−72.5%

−26.2%

1.70×

0.71×

FY2022

26.5%

13.7%

−0.3%

20.9%

11.4%

3.01×

0.25×

FY2021

36.5%

19.6%

11.3%

41.5%

22.1%

3.16×

0.25×

FY2020

34.6%

24.0%

13.8%

43.3%

22.8%

2.99×

0.26×

FY2019

13.2%

0.6%

2.4%

1.4%

0.4%

1.83×

0.76×

FY2018

5.0%

−5.0%

10.1%

−10.2%

−3.0%

1.04×

0.99×

FY2017

8.1%

−9.7%

−7.3%

−18.5%

−5.8%

1.42×

1.07×

FY2016

—

0.54×

Fiscal year

Revenue

Gross profit

Op. income

Net income

Diluted EPS

Op. cash flow

Capex

Total assets

Liabilities

Equity

Cash

LT debt

FY2024

ZAR 112.1B

ZAR 6.9B

—

−ZAR 5.7B

−ZAR 2.58

ZAR 10.1B

ZAR 21.6B

ZAR 138.0B

ZAR 89.7B

ZAR 48.3B

ZAR 16.0B

ZAR 41.7B

FY2023

ZAR 113.7B

ZAR 13.9B

—

−ZAR 37.4B

−ZAR 13.34

ZAR 7.1B

ZAR 22.4B

ZAR 142.9B

ZAR 91.3B

ZAR 51.6B

ZAR 25.6B

ZAR 36.6B

FY2022

ZAR 138.3B

ZAR 36.7B

—

ZAR 19.0B

ZAR 6.50

ZAR 15.5B

ZAR 15.9B

ZAR 166.6B

ZAR 75.6B

ZAR 91.0B

ZAR 26.1B

ZAR 22.7B

FY2021

ZAR 172.2B

ZAR 62.9B

—

ZAR 33.8B

ZAR 11.29

ZAR 32.3B

ZAR 12.7B

ZAR 153.0B

ZAR 71.6B

ZAR 81.3B

ZAR 30.3B

ZAR 20.3B

FY2020

ZAR 127.4B

ZAR 44.0B

—

ZAR 30.6B

ZAR 10.55

ZAR 27.2B

ZAR 9.6B

ZAR 134.1B

ZAR 63.4B

ZAR 70.7B

ZAR 14.6B

ZAR 18.4B

FY2019

ZAR 72.9B

ZAR 9.6B

—

ZAR 433.0M

ZAR 0.02

ZAR 9.5B

ZAR 7.7B

ZAR 101.1B

ZAR 69.9B

ZAR 31.1B

ZAR 5.6B

ZAR 23.7B

FY2018

ZAR 50.7B

ZAR 2.5B

—

−ZAR 2.5B

−ZAR 1.10

ZAR 12.2B

ZAR 7.1B

ZAR 84.9B

ZAR 60.2B

ZAR 24.7B

ZAR 2.5B

ZAR 24.5B

FY2017

ZAR 45.9B

ZAR 3.7B

—

−ZAR 4.4B

−ZAR 2.29

ZAR 2.7B

ZAR 6.1B

ZAR 76.1B

ZAR 52.1B

ZAR 24.0B

ZAR 2.1B

ZAR 25.6B

FY2016

—

ZAR 16.5B

ZAR 967.9M

ZAR 9.0B