SSW Dividend Declaration Bullish

SIBANYE STILLWATER LIMITED - Results and dividend declaration for the six months and year ended 31 December 2025

Sibanye Stillwater Limited
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What this filing means

Sibanye-Stillwater returned to profitability on a HEPS basis and reinstated dividends, though IFRS results remain weighed down by impairments and operational challenges in SA gold.

Bull case

  • Significant 281% surge in HEPS to 244 SA cents, supporting a reinstated dividend of R1.31 per share (2.1% yield).
  • Strong balance sheet deleveraging with net debt to adjusted EBITDA falling to 0.59x, well below the 1.0x comfort threshold.

Bear case

  • Reported an IFRS basic loss per share of 183 SA cents due to heavy impairments, contrasting with the adjusted HEPS figure.

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Category
Dividend Declaration
Published
Feb 20, 2026

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