The earnings call presented a mixed outlook with significant achievements in adjusted EBITDA growth and strategic transition, alongside challenges in safety, gold operations, and market conditions for lithium. The company's strategic positioning remains strong, but operational challenges and market uncertainties temper the optimism.

Company Guidance

In the H1 2025 results presentation, Sibanye-Stillwater highlighted several key metrics and strategic developments. The company reported a significant 120% increase in group adjusted EBITDA compared to the same period in 2024, reaching ZAR 10 billion even after stripping out 45X credits. The leverage ratio, measured by net debt to adjusted EBITDA, was 0.89x, well below 1x, indicating robust financial health. The total fair value of 45X credits is projected to increase to ZAR 12.6 billion by 2034, equating to 32% of the acquisition value of the Stillwater operations in Montana. Safety remains the top priority, with reported improvements in safety frequency rates, although three fatalities were noted during the period. The company also revised its full-year production and cost guidance for its South African gold operations due to operational challenges, particularly at the Kloof operations. As for strategic positioning, the company emphasized its diversification and exposure to strengthening markets like lithium and PGMs, while also mentioning the successful transition in leadership as Neal Froneman retires, passing the baton to Richard Stewart.

Record Adjusted EBITDA Growth

Group adjusted EBITDA increased by 120% compared to the same period in 2024, demonstrating strong operational performance and benefit from increasing basket prices.

Successful Strategic Transition

A well-planned transition process has been implemented with the appointment of Richard Stewart as CEO Designate, ensuring continuity and strategic alignment.

Positive PGM Market Position

Despite a 4% decline in production, the South African PGM operations remain within guidance, with a positive outlook due to improved PGM prices, which have increased by 23% since May.

Strong Sustainability and Renewable Energy Initiatives

The Castle wind farm has become operational, providing significant energy savings and reducing carbon footprint by 60,000 tonnes.

Sibanye Stillwater (SBSW) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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SBSW Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 20, 2026	2025 (Q4)	0.44 / -	0.12	―	―	―
Aug 28, 2025	2025 (Q2)	0.13 / 0.42	0.01	4100.00% (+0.41)
Feb 21, 2025	2024 (Q4)	-0.16 / 0.12	-0.312	138.46% (+0.43)
Sep 12, 2024	2024 (Q2)	-0.11 / 0.01	0.45	-97.78% (-0.44)
Mar 05, 2024	2023 (Q4)	-0.08 / -0.31	0.68	-145.88% (-0.99)
Aug 29, 2023	2023 (Q2)	0.22 / 0.45	1.013	-55.58% (-0.56)
Feb 28, 2023	2022 (Q4)	0.68 / 0.68	1.12	-39.29% (-0.44)
Aug 25, 2022	2022 (Q2)	1.25 / 1.01	2.32	-56.34% (-1.31)	―	―
Mar 03, 2022	2021 (Q4)	1.72 / 1.12	1.76	-36.36% (-0.64)	―	―
Aug 26, 2021	2021 (Q2)	2.44 / 2.32	0.84	176.19% (+1.48)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SBSW Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 28, 2025	$7.86	$7.27	-7.51%
Feb 21, 2025	$3.73	$3.51	-5.90%
Sep 12, 2024	$3.39	$3.73	+10.03%
Mar 05, 2024	$4.30	$3.93	-8.60%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Sibanye Stillwater (SBSW) report earnings?

Sibanye Stillwater (SBSW) is schdueled to report earning on Feb 20, 2026, Before Open (Confirmed).

What is Sibanye Stillwater (SBSW) earnings time?

Sibanye Stillwater (SBSW) earnings time is at Feb 20, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is SBSW EPS forecast?

SBSW EPS forecast for the fiscal quarter 2025 (Q4) is 0.44.

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