Sibanye-Stillwater

Sibanye-Stillwater revenue grew 15.6% to ZAR 129.7B; PGM market recovery drives strategic margin expansion.

Sibanye-Stillwater delivered FY2025 revenue of ZAR 129.7 billion, up 15.6% from ZAR 112.1 billion in FY2024, as palladium and platinum prices recovered from cycle lows and copper production accelerated. The company is positioned in three high-demand metals—PGMs, gold, and copper—and management is deploying capital discipline across its portfolio while managing cost inflation. Copper remains the structural growth driver as grid electrification and EV demand persist, while PGM price recovery is temporary in the filing and dependent on autocatalyst demand and supply-side discipline in Russia.

Sibanye-Stillwater is a South African-headquartered precious metals mining company with operations spanning gold and platinum group metals (PGMs) across Southern Africa, the United States, Europe, and Australia. The company produces gold, platinum, palladium, rhodium, and other PGMs alongside chrome, nickel, zinc, and silver. It also operates recycling facilities and a zinc retreatment operation.

Primary products

• Gold
• Platinum
• Palladium
• Rhodium
• Iridium
• Ruthenium