v3.26.1
Earnings per share (Tables)
 12 Months Ended
Dec. 31, 2025
Earnings per share [abstract]  
Earnings per share Basic earnings per share (EPS) is calculated by dividing the profit or loss attributable to owners of Sibanye-Stillwater by the weighted
average number of ordinary shares in issue during the year.
2025
2024
2023
Weighted average number of shares
Ordinary shares in issue (’000)
2,830,567
2,830,567
2,830,567
Adjustment for weighting of ordinary shares in issue (’000)
—
—
(39)
Weighted average number of shares (’000)
2,830,567
2,830,567
2,830,528
Loss attributable to owners of Sibanye-Stillwater (SA rand million)
(5,171)
(7,297)
(37,772)
Basic EPS (cents)
(183)
(258)
(1,334)
2025
2024
2023
Diluted weighted average number of shares
Weighted average number of shares (’000)
2,830,567
2,830,567
2,830,528
Potential ordinary shares (’000)1
—
—
39
Diluted weighted average number of shares (’000)
2,830,567
2,830,567
2,830,567
Diluted basic EPS (cents)
(183)
(258)
(1,334)
1This related to a historical equity-settled share-based payment scheme of which the last awards vested in Q1 2023
Headline earnings per share Reconciliation of profit attributable to owners of Sibanye-Stillwater to headline earnings:
Figures in million – SA rand unless otherwise stated
Notes
Gross
Net of tax
and NCI
2025
Loss attributable to owners of Sibanye-Stillwater
(5,171)
Loss on disposal of property, plant and equipment
14
12
Impairments and reversal of impairments
10
14,007
11,730
Impairment recognised by equity-accounted investee, net of tax
461
461
Compensation for losses incurred
(142)
(122)
Gain on assets held for sale
(16)
(15)
Foreign exchange movement recycled through profit or loss
17
17
Headline earnings
6,912
Weighted average number of shares (’000)
2,830,567
Headline EPS (cents)
244
2024
Loss attributable to owners of Sibanye-Stillwater
(7,297)
Gain on disposal of property, plant and equipment
(55)
(38)
Impairments and reversal of impairments
10
9,173
9,098
Impairment recognised by equity-accounted investee, net of tax
19
19
Compensation for losses incurred
(26)
(20)
Foreign exchange movement recycled through profit or loss
55
55
Re-measurement items, attributable to NCI
—
Headline earnings
1,817
Weighted average number of shares (’000)
2,830,567
Headline EPS (cents)
64
2023
Loss attributable to owners of Sibanye-Stillwater
(37,772)
Gain on disposal of property, plant and equipment
(105)
(79)
Impairments and reversal of impairments
10
47,454
41,106
Gain on acquisition
(898)
(898)
Gain on remeasurement of previous interest in Kroondal
(298)
(298)
Impairment recognised by equity-accounted investee, net of tax
10
1,384
1,384
Foreign exchange movement recycled through profit or loss
(1,663)
(1,663)
Re-measurement items, attributable to NCI
4
Headline earnings
1,784
Weighted average number of shares (’000)
2,830,528
Headline EPS (cents)
63
12.4 Diluted headline earnings per share
Diluted headline EPS is calculated by dividing the headline earnings attributable to owners of Sibanye-Stillwater by the diluted weighted
average number of ordinary shares in issue during the year. The assumed conversion of the US$ Convertible Bond was dilutive in respect of
headline earnings per share for the year ended 31 December 2025, however the convertible bonds were anti-dilutive for all other years
presented.
Figures in million – SA rand unless otherwise stated
2025
2024
2023
Headline earnings
6,912
1,817
1,784
Adjusted for impact of the US$ Convertible bond:
613
—
—
Interest charge and unwinding of amortised cost
698
—
—
Tax effect
(85)
—
—
Diluted headline earnings
7,525
1,817
1,784
Adjusted weighted average number of shares ('000)
2,830,567
2,830,567
2,830,567
Potential ordinary shares - US$ Convertible bond ('000)
374,056
—
—
Diluted ordinary shares - US$ Convertible bond ('000)
3,204,623
2,830,567
2,830,567
Diluted headline EPS (cents)
235
64
63