Sibanye Stillwater reported that annual profit for 2025 rose nearly fourfold, supported by stronger gold and platinum group metal prices, according to Reuters.
For the year ended December 31, 2025, headline earnings increased to 2.44 rand per share, up from 0.64 rand in 2024. The rebound reflects a significantly improved pricing environment across its key commodities, particularly gold and palladium, which strengthened margins across the group’s South African and U.S. operations.
The miner declared its first dividend since 2023, announcing a payout of 1.31 rand per share, equivalent to approximately 3.7 billion rand returned to shareholders. The stronger performance was driven by a sharp rise in the average rand gold price and gains in the South African platinum group metals basket price, alongside improved palladium pricing in the United States, MarketScreener reported.
Despite the profit surge, Sibanye Stillwater recorded impairments totaling about 14 billion rand, including writedowns linked to its Keliber lithium project and the Kloof gold mine. However, higher long-term gold price assumptions partly offset these charges.
The results highlight how firmer global metal prices have strengthened profitability for diversified miners, enabling Sibanye Stillwater to restore shareholder returns while navigating operational and market challenges.
