GOLD FIELDS LTD
For the period ended Dec 31, 2025. Filed Mar 30, 2026.
View on SEC.govAbout this filing
The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.
FY2025 · Filed Mar 30, 2026
Use the contents to explore the available documents and sections.
GFI$39.17+3.5%Stored close · as of Nov 6, 2026
Contents
Form 20-F Cross Reference Guide
| Item | Form 20-F Caption | Location in this document | Page |
|---|---|---|---|
| 1 | Identity of directors, senior management and advisers | NA | — |
| 2 | Offer statistics and expected timetable | NA | — |
| 3 | Key information | ||
| (b)Capitalisation and indebtedness | NA | — | |
| (c)Reasons for the offer and use of proceeds | NA | — | |
| (d)Risk factors | Further Information—Risk Factors | 1-27 | |
| 4 | Information on the Company | ||
| (a)History and development of the Company · Presentation of Financial and Other Information · ix-x | |||
| Further Information—Information on the Company—Organisational Structure | 28-29 | ||
| Annual Financial Report—Accounting Policies · AFR50-68 | |||
| Further Information—Additional Information—Memorandum of Incorporation—General | 88 | ||
| Annual Financial Report—Directors’ Report—Significant Announcements in 2025 · AFR12-13 | |||
| Annual Financial Report—Management’s Discussion and Analysis of the Financial Statements—Overview · AFR15 | |||
| Annual Financial Report—Management’s Discussion and Analysis of Financial Statements—Additions to Property, Plant and Equipment · AFR36 | |||
| Further Information—Description of Mining Business—Capital Expenditure | 64 | ||
| Further Information—Description of Mining Business—The Gold Mining Industry—Outlook and guidance for 2026 | 67 | ||
| Further Information—Additional Information—Taxation—Documents on Display | 98 | ||
| (b)Business overview · Gold Fields’ Operations · Back of cover | |||
| Further Information—Information on the Company—Summary Disclosure of Mining Operations Pursuant to Item 1303 of Regulation S-K under the Securities Act | 29-38 | ||
| Further Information—Information on the Company—Individual Property Disclosure Pursuant to Item 1304 of Regulation S-K under the Securities Act | 39-61 | ||
ii
| Item · Form 20-F Caption · Location in this document · Page | ||
|---|---|---|
| Annual Financial Report—Management’s Discussion and Analysis of the Financial Statements—Results for the period – years ended 31 December 2025 and 31 December 2024 · AFR24-34 | ||
| Annual Financial Report—Directors’ Report—Environmental Obligations · AFR14 | ||
| Annual Financial Report—Statement of Financial Position—Provision for Environmental Rehabilitation Costs · AFR41 | ||
| Annual Financial Report—Accounting Policies—Basis for Preparation—Provision for Environmental Rehabilitation Costs · AFR57 | ||
| Further Information—Description of Mining Business | 63-67 | |
| Further Information—Description of Mining Business—The Gold Mining Industry | 66 | |
| Further Information—Environmental and Regulatory Matters | 68-81 | |
| (c)Organisational structure | Further Information—Information on the Company—Organisational Structure | 28-29 |
| (d)Property, plant and equipment | Further Information—Information on the Company—Summary Disclosure of Mining Operations Pursuant to Item 1303 of Regulation S-K under the Securities Act | 29-38 |
| Further Information—Information on the Company—Individual Property Disclosure Pursuant to Item 1304 of Regulation S-K under the Securities Act | 39-61 | |
| Further Information—Information on the Company—Internal Controls Disclosure Pursuant to Item 1305 of Regulation S-K under the Securities Act | 62 | |
| Annual Financial Report—Management’s Discussion and Analysis of the Financial Statements · AFR15-45 | ||
| Annual Financial Report—Accounting Policies—Property, Plant and Equipment · AFR60-62 | ||
| Annual Financial Report—Notes to the Consolidated Financial Statements—Note 17. Property, Plant and Equipment · AFR87 | ||
iii
| Item | Form 20-F Caption | Location in this document | Page |
|---|---|---|---|
| Further Information—Information on the Company—Summary Disclosure of Mining Operations Pursuant to Item 1303 of Regulation S-K under the Securities Act—Summary of Mineral Resources and Reserves | 29-38 | ||
| Further Information—Environmental and Regulatory Matters | 68-81 | ||
| 4A | Unresolved staff comments | NA | — |
| 5 | Operating and financial review and prospects | ||
| (a)Operating results · Annual Financial Report—Management’s Discussion and Analysis of the Financial Statements · AFR15-45 | |||
| Annual Financial Report—Accounting Policies—Foreign Operations · AFR59 | |||
| Annual Financial Report—Notes to the Consolidated Financial Statements—Note 42. Risk Management Activities—Foreign Currency Sensitivity · AFR120 | |||
| Annual Financial Report—Consolidated Statement of Comprehensive Income · AFR70 | |||
| Further Information—Environmental and Regulatory Matters | 68-81 | ||
| (b)Liquidity and capital resources · Annual Financial Report—Management’s Discussion and Analysis of the Financial Statements—Liquidity and Capital Resources – years ended 31 December 2025 and 31 December 2024 · AFR35 | |||
| Annual Financial Report—Management’s Discussion and Analysis of the Financial Statements—Credit Facilities · AFR42 | |||
| Annual Financial Report—Management’s Discussion and Analysis of the Financial Statements—Working Capital · AFR42 | |||
| Annual Financial Report—Management’s Discussion and Analysis of the Financial Statements—Contractual Obligations, Commitments and Guarantees at 31 December 2025 · AFR43 | |||
| Annual Financial Report—Notes to the Consolidated Financial Statements—Note 28. Borrowings · AFR102-104 | |||
| Annual Financial Report—Notes to the Consolidated Financial Statements—Note 38. Commitments · AFR110 | |||
| Annual Financial Report—Notes to the Consolidated Financial Statements—Note 41. Financial Instruments · AFR113-115 | |||
iv
| Item · Form 20-F Caption · Location in this document · Page | ||||
|---|---|---|---|---|
| Annual Financial Report—Notes to the Consolidated Financial Statements—Note 42. Risk Management Activities · AFR116-122 | ||||
| Annual Financial Report—Notes to the Consolidated Financial Statements—Note 43. Capital Management · AFR123 | ||||
| (c)Research and development, patents and licences, etc. | NA | — | ||
| (d)Trend information · Annual Financial Report—Management’s Discussion and Analysis of the Financial Statements—Outlook and Guidance for 2026 · AFR46 | ||||
| (e)Off-balance sheet arrangements · Annual Financial Report—Management’s Discussion and Analysis of the Financial Statements—Off-Balance Sheet Items · AFR42 | ||||
| (f)Tabular disclosure of contractual obligations · Annual Financial Report—Management’s Discussion and Analysis of the Financial Statements—Contractual Obligations, Commitments and Guarantees at 31 December 2025 · AFR43 | ||||
| (g)Safe harbour · Forward-Looking Statements · xvii-xxiii | ||||
| 6 | Directors, senior management and employees | |||
| (a)Directors and senior management · Annual Financial Report—Corporate Governance Report—Directors · Integrated Annual Report—Board of Directors · IAR14-15 | ||||
| Further Information—Directors, Senior Management and Employees—Directors | Further Information—Directors, Senior Management and Employees—Directors | 82-83 | ||
| Further Information—Directors, Senior Management and Employees—Executive Committee | 83-84 | |||
| Annual Financial Report—Directors’ Report · AFR10-14 | ||||
| Annual Financial Report—Note 44. Related Parties · AFR124-127 | ||||
| (c)Board practices | Further Information—Directors, Senior Management and Employees | 82-84 | ||
| Annual Financial Report—Audit Committee Report · AFR6-9 | ||||
v
| Item | Form 20-F Caption | Location in this document | Page |
|---|---|---|---|
| Further Information—Directors, Senior Management and Employees—Employees | 84 | ||
| Further Information—Directors, Senior Management and Employees—Safety | 85 | ||
| (e)Share ownership · Annual Financial Report—Directors’ Report—Share Ownership of Directors and Executive Officers · AFR11 | |||
| Annual Financial Report—Notes to the Consolidated Financial Statements—Note 6. Share-based Payments · AFR75-76 | |||
| 7 | Major Shareholders and Related Party Transactions | ||
| (a)Major shareholders | Further Information—Major Shareholders and Related Party Transactions—Major Shareholders | 86 | |
| Annual Financial Report—Shareholders’ Information (Unaudited) · AFR140-141 | |||
| (b)Related party transactions | Further Information— Major Shareholders and Related Party Transactions—Related Party Transactions | 86 | |
| Annual Financial Report—Notes to the Consolidated Financial Statements—Note 44. Related Parties · AFR124-127 | |||
| (c)Interests of experts and counsel | NA | — | |
| 8 | Financial information | ||
| (a)Consolidated statements and other financial information · Annual Financial Report—Management’s Discussion and Analysis of the Financial Statements · AFR15-45 | |||
| Annual Financial Report—Consolidated Income Statement · AFR 69 | |||
| Annual Financial Report—Consolidated Statement of Comprehensive Income · AFR 70 | |||
| Annual Financial Report—Consolidated Statement of Financial Position · AFR 71 | |||
| Annual Financial Report—Consolidated Statement of Changes in Equity · AFR 72 | |||
| Annual Financial Report—Consolidated Statement of Cash Flows · AFR 73 | |||
| Annual Financial Report—Audit Committee Report · AFR6-9 | |||
| Annual Financial Report—Accounting Policies—Basis of Preparation —Provision for Environmental Rehabilitation Costs · AFR57 | |||
| Annual Financial Report—Notes to the Consolidated Financial Statements—Note 29. Provisions · AFR105-106 | |||
vi
| Item | Form 20-F Caption | Location in this document | Page |
|---|---|---|---|
| Annual Financial Report—Notes to the Consolidated Financial Statements—Note 39. Contingent Liabilities · AFR111-112 | |||
| Annual Financial Report—Management’s Discussion and Analysis—Silicosis Settlement Costs Provision · AFR42 | |||
| Annual Financial Report—Directors’ Report—Financial Affairs—Dividend Policy · AFR11-12 | |||
| (b)Significant changes · Annual Financial Report—Notes to the Consolidated Financial Statements—Note 40. Events After the Reporting Date · AFR112 | |||
| 9 · The Offer and listing | |||
| (a)Listing details | Further Information—The Listing | 87 | |
| (b)Plan of distribution | NA | — | |
| Annual Financial Report—Directors’ Report—Listings · AFR10 | |||
| Annual Financial Report—Administration and Corporate Information · AFR 145 | |||
| (d)Selling shareholders | NA | — | |
| (e)Dilution | NA | — | |
| (f)Expenses of the issue | NA | — | |
| 10 | Additional information | — | |
| (a)Share capital | NA | — | |
| (b)Memorandum and articles of association | Further Information—Additional Information—Memorandum of Incorporation | 88-90 | |
| Further Information—Corporate Governance | 103 | ||
| (c)Material contracts | Further Information—Additional Information—Material Contracts | 91-94 | |
| (d)Exchange controls | Further Information—Additional Information—South African Exchange Control Limitations Affecting Security Holders | 95 | |
| (e)Taxation | Further Information—Additional Information—Taxation | 95-98 | |
| (f)Dividends and paying agents | NA | — | |
| (g)Statement by experts | NA | — | |
| (h)Documents on display | Further Information—Additional Information—Taxation—Documents On Display | 98 | |
| (i)Subsidiary information | NA | — | |
| 11 | Quantitative and qualitative disclosures about market risk | Annual Financial Report—Notes to the Consolidated Financial Statements—Note 42. Risk Management Activities | AFR116-122 |
| 12 | Description of securities other than equity securities | ||
| (a)Debt securities | NA | — | |
| (b)Warrants and rights | NA | — | |
| (c)Other securities | NA | — | |
| (d)American Depositary Shares | Further Information—Additional Information—Material Contracts—Deposit Agreement | 94 | |
vii
| Item | Form 20-F Caption | Location in this document | Page |
|---|---|---|---|
| 13 | Defaults, dividend arrearages and delinquencies | NA | — |
| 14 | Material modifications to the rights of security holders and use of proceeds | NA | — |
| 15 | Controls and procedures | Further Information—Controls and Procedures | 99 |
| Annual Financial Report— Management’s Discussion and Analysis—Internal Control over Financial Reporting · AFR45-46 | |||
| 16A | Audit Committee financial expert | Further Information—Audit Committee Financial Expert | 100 |
| 16C | Principal accountant fees and services | Further Information—Principal Accountant Fees and Services | 101 |
| 16D | Exemptions from the listing standards for audit committees | NA | — |
| 16E | Purchase of equity securities by the issuer and affiliated purchasers | Further Information—Purchase of Equity Securities by the Issuer and Affiliated Purchasers | 102 |
| 16F | Change in registrant’s certifying accountant | NA | — |
| 16G | Corporate governance | Further Information—Corporate Governance | 103 |
| 16H | Mine safety disclosure | NA | — |
| 16I | Disclosure regarding foreign jurisdictions that prevent inspections | NA | — |
| 16J | Insider trading policies | Further Information—Additional Information—Gold Fields Group Share Dealings and Market Abuse Policy | 90 |
| 16K | Cybersecurity | Annual Financial Report—Audit Committee Report—Information Communication and Technology Governance | AFR 8 |
| Annual Financial Report—Management’s Discussion and Analysis of the Financial Statements—Technology and Cybersecurity · AFR 44-45 | |||
| 17 | Financial statements | NA | — |
| 18 | Financial statements | Annual Financial Report—Report of Independent Registered Public Accounting Firm (PricewaterhouseCoopers, Inc., Johannesburg, South Africa, Audit Firm ID: 1308) | AFR47-49 |
| Annual Financial Report—Consolidated Income Statement · AFR 69 | |||
| Annual Financial Report—Consolidated Statement of Comprehensive Income · AFR 70 | |||
| Annual Financial Report—Consolidated Statement of Financial Position · AFR 71 | |||
| Annual Financial Report—Consolidated Statement of Changes in Equity · AFR 72 | |||
viii
| Item | Form 20-F Caption | Location in this document | Page |
|---|---|---|---|
| Annual Financial Report—Consolidated Statement of Cash Flows · AFR 73 | |||
| Annual Financial Report—Accounting Policies · AFR50-68 | |||
| Annual Financial Report—Notes to the Consolidated Financial Statements · AFR74-132 | |||
| 19 | Exhibits | Exhibits | 104-105 |
ix
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