Sibanye Stillwater Ltd cash flow statement

In fiscal 2025, Sibanye Stillwater Ltd's operations generated $1.20bn of cash; it spent $1.14bn on capital projects, leaving free cash flow of $61.6m.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Sibanye Stillwater Ltd: cash flow statement, annual
Fiscal year	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	206	928	656	1,656	2,187	954	385	552	1,199
Depreciation and amortisation	429	503	500	463	562	435	543	481	525
Stock-based pay	17	23	25	31	26	13	6	14	118
Capital spending	459	539	534	587	864	976	1,216	1,177	1,137
Free cash flow	−253	389	122	1,070	1,323	−22	−831	−625	62
Free cash flow after stock pay	−270	367	97	1,038	1,297	−35	−837	−639	−57
Share buybacks	—	—	0	5	576	0	0	—	—

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Sibanye Stillwater Ltd's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Sibanye Stillwater Ltd.