Sibanye Stillwater Ltd
For the period ended Dec 31, 2024. Filed Apr 25, 2025.
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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.
FY2024 · Filed Apr 25, 2025
Use the contents to explore the available documents and sections.
SBSW$9.50+0.8%Stored close · as of Nov 6, 2026
Contents
2. Segment reporting
- Segment reporting
Accounting PolicyOperating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker and is based on individual mining operations (operating segments) per geographic area. The chief operating decision maker, who is responsible for allocating resources and assessing performance of the operating segments, has been identified as the executive management team that makes strategic decisions.
The table below summarises the segmental information disclosed in note 2.1 and 2.2:
| 31 December 2024 · 31 December 2023 · 31 December 2022 | ||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group · Americas · Southern Africa · Europe · Australia · Group · Group · Americas · Southern Africa · Europe · Australia · Group · Group · Americas · Southern Africa · Europe · Group | ||||||||||||||||||||||||
| Figures in million – SA rand | Notes | Total | Total US operations | Total SAoperations | TotalSA PGM | TotalSA gold | Total EU operations | Total AUS operations | Group Corporate and reconciling items1 | Total | Total US PGM operations | Total SA operations | Total SA PGM | Total SA gold | Total EU operations | Total AUS operations | Group Corporate and reconciling items1 | Total | Total US PGM operations | Total SA operations | Total SA PGM | Total SA gold | Total EU operations | Group Corporate and reconciling items1 |
| Revenue | 112,129 | 23,087 | 82,402 | 51,257 | 31,145 | 2,784 | 3,983 | (127) | 113,684 | 23,812 | 84,736 | 55,593 | 29,143 | 3,024 | 2,251 | (139) | 138,288 | 46,090 | 89,507 | 71,665 | 17,842 | 3,140 | (449) | |
| Underground | 78,867 | 9,207 | 69,787 | 48,314 | 21,473 | — | — | (127) | 83,612 | 10,494 | 73,257 | 52,375 | 20,882 | — | — | (139) | 92,325 | 13,823 | 78,951 | 68,182 | 10,769 | — | (449) | |
| Surface | 16,598 | — | 12,615 | 2,943 | 9,672 | — | 3,983 | — | 13,730 | — | 11,479 | 3,218 | 8,261 | — | 2,251 | — | 10,556 | — | 10,556 | 3,483 | 7,073 | — | — | |
| Recycling/processing | 16,664 | 13,880 | — | — | — | 2,784 | — | — | 16,342 | 13,318 | — | — | — | 3,024 | — | — | 35,407 | 32,267 | — | — | — | 3,140 | — | |
| Cost of sales, before amortisation and depreciation | (96,398) | (23,128) | (66,560) | (42,963) | (23,597) | (3,384) | (3,326) | — | (89,756) | (22,391) | (60,780) | (36,699) | (24,081) | (4,329) | (2,256) | — | (94,537) | (38,452) | (52,454) | (32,280) | (20,174) | (3,631) | — | |
| Underground | (67,784) | (9,848) | (57,936) | (40,994) | (16,942) | — | — | — | (62,482) | (9,680) | (52,802) | (34,819) | (17,983) | — | — | — | (52,734) | (7,459) | (45,275) | (30,528) | (14,747) | — | — | |
| Surface | (11,950) | — | (8,624) | (1,969) | (6,655) | — | (3,326) | — | (10,234) | — | (7,978) | (1,880) | (6,098) | — | (2,256) | — | (7,179) | — | (7,179) | (1,752) | (5,427) | — | — | |
| Recycling/processing | (16,664) | (13,280) | — | — | — | (3,384) | — | — | (17,040) | (12,711) | — | — | — | (4,329) | — | — | (34,624) | (30,993) | — | — | — | (3,631) | — | |
| Amortisation and depreciation | (8,810) | (2,105) | (6,547) | (3,647) | (2,900) | (38) | (118) | (2) | (10,012) | (3,390) | (5,357) | (2,975) | (2,382) | (206) | (1,059) | — | (7,087) | (2,803) | (4,126) | (2,418) | (1,708) | (158) | — | |
| Interest income | 1,337 | 313 | 966 | 468 | 498 | 53 | 2 | 3 | 1,369 | 213 | 1,089 | 478 | 611 | 53 | 10 | 4 | 1,203 | 309 | 893 | 402 | 491 | — | 1 | |
| Finance expense | (4,571) | (1,791) | (1,948) | (611) | (1,337) | (204) | (302) | (326) | (3,299) | (1,134) | (1,603) | (706) | (897) | (67) | (184) | (311) | (2,840) | (952) | (1,547) | (831) | (716) | (15) | (326) | |
| Share-based payments | (251) | (35) | (178) | (99) | (79) | (13) | (5) | (20) | (113) | (39) | (71) | (18) | (53) | 6 | — | (9) | (218) | (47) | (169) | (73) | (96) | — | (2) | |
| Gain/(loss)on financial instruments | 7 | 5,433 | 1,869 | 3,128 | 2,341 | 787 | 772 | (269) | (67) | 235 | (2,064) | 1,938 | 1,957 | (19) | (168) | 515 | 14 | (4,279) | (242) | (4,188) | (3,477) | (711) | 144 | 7 |
| Gain/(loss) on foreign exchange differences | (215) | (3) | (74) | (53) | (21) | (97) | 12 | (53) | 1,973 | 12 | 1,920 | 1,894 | 26 | 55 | (39) | 25 | 616 | (8) | 623 | 208 | 415 | (49) | 50 | |
| Share of results of equity-accounted investees after tax | 212 | (7) | 230 | (97) | 327 | — | — | (11) | (1,174) | — | (1,156) | (1,471) | 315 | — | — | (18) | 1,287 | — | 1,298 | 1,062 | 236 | — | (11) | |
| Other costs | 8.1 | (4,722) | (314) | (3,470) | (1,259) | (2,211) | (489) | (237) | (212) | (5,858) | (108) | (3,411) | (1,441) | (1,970) | (2,096) | (223) | (20) | (3,679) | (129) | (3,379) | (1,616) | (1,763) | (116) | (55) |
| Other income | 8.2 | 2,630 | 863 | 452 | 202 | 250 | 1,030 | 213 | 72 | 1,232 | 12 | 1,071 | 571 | 500 | 102 | 42 | 5 | 1,110 | 102 | 963 | 385 | 578 | 45 | — |
| Gain/(loss) on disposal of property, plant and equipment | 55 | (40) | 95 | 33 | 62 | — | — | — | 105 | (45) | 150 | 79 | 71 | — | — | — | 162 | 5 | 157 | 54 | 103 | — | — | |
| (Impairments)/reversal of impairments | 10 | (9,173) | (8,824) | (17) | (124) | 107 | (221) | (111) | — | (47,454) | (38,919) | (3,239) | (506) | (2,733) | (1,607) | (3,689) | — | 6 | — | 6 | 6 | — | — | — |
| Gain on acquisition | — | — | — | — | — | — | — | — | 898 | — | 898 | 898 | — | — | — | — | — | — | — | — | — | — | — | |
| Occupational healthcare gain | 76 | — | 76 | — | 76 | — | — | — | 365 | — | 365 | — | 365 | — | — | — | 211 | — | 211 | — | 211 | — | — | |
| Restructuring costs | (550) | (126) | (424) | (271) | (153) | — | — | — | (515) | (41) | (474) | (351) | (123) | — | — | — | (363) | (2) | (361) | (26) | (335) | — | — | |
| Transaction costs | (851) | (213) | — | — | — | (193) | (21) | (424) | (474) | (27) | — | — | — | — | (2) | (445) | (152) | (8) | (2) | (3) | 1 | — | (142) | |
| Royalties and carbon tax | (545) | — | (329) | (212) | (117) | — | (216) | — | (1,052) | — | (921) | (805) | (116) | — | (131) | — | (1,824) | — | (1,824) | (1,772) | (52) | — | — | |
| Mining and income tax | (1,496) | (61) | (1,421) | (1,097) | (324) | 4 | — | (18) | 2,416 | 7,612 | (5,116) | (4,152) | (964) | (44) | (2) | (34) | (8,924) | (340) | (8,541) | (9,705) | 1,164 | (39) | (4) | |
| Current taxation | (1,418) | (146) | (1,261) | (1,246) | (15) | — | — | (11) | (3,178) | 343 | (3,408) | (3,081) | (327) | (80) | (2) | (31) | (9,282) | (655) | (8,623) | (8,373) | (250) | — | (4) | |
| Deferred taxation | (78) | 85 | (160) | 149 | (309) | 4 | — | (7) | 5,594 | 7,269 | (1,708) | (1,071) | (637) | 36 | — | (3) | 358 | 315 | 82 | (1,332) | 1,414 | (39) | — | |
| (Loss)/profit for the year | (5,710) | (10,515) | 6,381 | 3,868 | 2,513 | 4 | (395) | (1,185) | (37,430) | (36,497) | 10,039 | 12,346 | (2,307) | (5,277) | (4,767) | (928) | 18,980 | 3,523 | 17,067 | 21,581 | (4,514) | (679) | (931) | |
| Sustaining capital expenditure | (4,489) | (633) | (3,497) | (2,566) | (931) | (173) | (186) | — | (6,056) | (2,180) | (3,514) | (2,057) | (1,457) | (248) | (114) | — | (4,946) | (1,185) | (3,671) | (2,056) | (1,615) | (90) | — | |
| Ore reserve development | (7,229) | (1,920) | (5,309) | (2,472) | (2,837) | — | — | — | (9,137) | (3,889) | (5,248) | (2,551) | (2,697) | — | — | — | (6,640) | (2,887) | (3,753) | (2,123) | (1,630) | — | — | |
| Growth projects | (10,822) | (291) | (4,292) | (807) | (3,485) | (6,221) | (16) | (2) | (6,886) | (774) | (3,591) | (1,038) | (2,553) | (2,470) | (51) | — | (4,313) | (1,345) | (2,239) | (925) | (1,314) | (729) | — | |
| Total capital expenditure | (22,540) | (2,844) | (13,098) | (5,845) | (7,253) | (6,394) | (202) | (2) | (22,079) | (6,843) | (12,353) | (5,646) | (6,707) | (2,718) | (165) | — | (15,899) | (5,417) | (9,663) | (5,104) | (4,559) | (819) | — | |
| note 2.1 · note 2.2 · note 2.1 · note 2.2 · note 2.1 · note 2.2 | ||||||||||||||||||||||||
1 Group corporate includes the Wheaton Stream transaction and mainly includes, corporate tax, interest and transaction costs
AFR –72
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