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Sibanye Stillwater posts strong 2025 rebound with higher earnings and dividend

Story Highlights
  • Sibanye Stillwater reported sharply higher 2025 revenue, earnings and EBITDA, met operational guidance and declared a sizeable dividend while reducing leverage.
  • The group delivered record-low injury rates, booked energy cost savings through renewables, and advanced its Keliber lithium project toward mining in early 2026.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sibanye Stillwater posts strong 2025 rebound with higher earnings and dividend

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Sibanye Stillwater ( (SBSW) ) has issued an announcement.

Sibanye Stillwater on 20 February 2026 reported its operating and financial results for the six months and year ended 31 December 2025, highlighting a 14% year-on-year increase in 2025 revenue to R129.7 billion (US$7.3 billion) and a 189% rise in adjusted EBITDA to R37.8 billion (US$2.1 billion). Headline earnings per share climbed 281% to 244 SA cents, all operations met annual guidance amid favourable precious metals prices, and a dividend of R3.7 billion (R1.31 per share) was declared as leverage fell to 0.59x net debt to adjusted EBITDA.

The group reported its lowest recorded serious and total injury frequency rates, underscoring continued safety improvements alongside solid operational delivery through 2025. It also advanced its decarbonisation strategy, achieving R93.2 million in energy savings and avoiding 316,440 tonnes of CO₂ emissions, while approving a staged start-up for the Keliber lithium project and completing its high-capital construction phase ahead of mining commencement in the first quarter of 2026.

The most recent analyst rating on (SBSW) stock is a Buy with a $17.00 price target. To see the full list of analyst forecasts on Sibanye Stillwater stock, see the SBSW Stock Forecast page.

Spark’s Take on SBSW Stock

According to Spark, TipRanks’ AI Analyst, SBSW is a Neutral.

The score is held back mainly by weak financial performance (recent losses, pressured free cash flow, and rising leverage) and limited valuation support (negative P/E and no dividend). Offsetting these, technicals are relatively constructive and the latest earnings call showed strong EBITDA improvement and low leverage, though operational, safety, and impairment-related risks keep the outlook moderate.

To see Spark’s full report on SBSW stock, click here.

More about Sibanye Stillwater

Sibanye Stillwater Limited is a South African-based diversified precious metals producer listed in Johannesburg and New York, with operations spanning platinum group metals, gold and battery metals. The group has also positioned itself as a renewable energy leader within the South African mining sector, pursuing large-scale power projects to cut costs and reduce carbon emissions across its portfolio.

Average Trading Volume: 7,158,481

Technical Sentiment Signal: Buy

Current Market Cap: $11.19B

Find detailed analytics on SBSW stock on TipRanks’ Stock Analysis page.

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