NYSE$SBSW
Sibanye Stillwater Ltd-ADR · Q1 2025 earnings
Q1 2025 earnings · · Investor relations
Briefing
Sibanye-Stillwater's Q1 2025 operating update showed group adjusted EBITDA of $1.19B (+371% YoY) on higher PGM and gold prices.
The South African miner filed a Q1 2025 operating update (financials reported semi-annually). Group adjusted EBITDA was $1.19 billion versus $222 million a year earlier, supported by 87% higher 4E PGM basket prices and 49% higher gold prices. SA PGM adjusted EBITDA was $762 million; SA gold $288 million; US PGM $48 million; recycling contributed $98 million.
- Group adjusted EBITDA $1.19B (+371% YoY in USD).
- SA PGM production 383k oz 4E; AISC $1,507/oz.
- No fatalities in Q1; safety metrics improved.
- Keliber lithium project construction completed with ramp-up underway.
Headline financials
Revenue & EPS history
Sibanye Stillwater · Revenue · Quarterly
$1.19B
Forward guidance
Operating update discusses commodity prices, cost control, and Keliber ramp without quarterly EPS (semi-annual reporting).
Tailwinds
- Massive EBITDA uplift from PGM and gold price tailwinds.
- Recycling and Century zinc operations contributed solid cash.
Headwinds
- US PGM AISC rose on lower production and mechanisation capex.
- Financial statements only on half-year basis.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 14 quarterly earnings reports · overlaid with Q1 2025
+2.3%
Avg return
Earnings day
+2.4%
Avg return
5 days after
+3.2%
Avg return
30 days after
67%
14 / 21 earnings
Positive
+14.7%
Q1 2025
Best reaction
-7.0%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2025 | +14.7% | +18.0% | -13.5% | |
| Q3 2024 | -4.3% | -10.2% | +17.2% | |
| Q2 2022 | +5.3% | -4.2% | -13.4% | |
| Q4 2022 | -7.0% | -8.9% | -20.4% | |
| Q2 2021 | +3.7% | +3.8% | -14.9% | |
| Q4 2020 | -3.5% | -4.4% | -10.4% | |
| Q2 2020 | +4.8% | -1.0% | +12.0% | |
| Q4 2019 | +8.7% | +3.6% | -6.0% | |
| Q2 2019 | -4.6% | -6.3% | +12.4% | |
| Q4 2018 | +8.0% | +15.2% | +23.1% | |
| Q2 2018 | -1.7% | -1.7% | +2.1% | |
| Q4 2017 | +3.8% | +5.3% | -8.5% | |
| Q2 2017 | -3.3% | +0.0% | +8.1% | |
| Q4 2016 | +7.5% | +17.0% | +21.7% | |
| Q2 2016 | +6.1% | +9.3% | +38.5% | |
| Q4 2015 | +1.7% | — | — | |
| Q2 2015 | -2.8% | — | — | |
| Q4 2014 | +1.1% | — | — | |
| Q2 2014 | +0.3% | — | — | |
| Q4 2013 | +7.2% | — | — | |
| Q2 2013 | +2.8% | — | — | |
| Q4 2012 | — | — | — | |
| Q2 2012 | — | — | — | |
| Q4 2011 | — | — | — | |
| Q2 2011 | — | — | — | |
| Q4 2010 | — | — | — | |
| Q2 2010 | — | — | — |
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