Sibanye Stillwater WKN: A2PWVQ ISIN: ZAE000259701 Forum: Aktien Thema: Hauptdiskussion

Ich hatte schon noch darauf gezählt. Allerdings ist es jetzt wirklich ganz ordentlich ausgefallen😀

Das hört sich doch alles sehr gut an. Denke für die Zukunft sind wir gut aufgestellt.

Hätte ehrlich gesagt gar nicht mehr damit gerechnet, dass es für 2025 Dividende gibt. Von daher sind 32,68US Cent pro ADR schon stark.

Revenue increased by 14% year-on-year to R129.7 billion  (US$7.3 billion)  281% increase in HEPS to 244 SA cents (14 US cents) Dividend of R3.7 billion (US$213 million) or R1.31 per share (32.68 US cents per ADR) declared, consistent with dividend policy and representing a  2.1% yield Group adjusted EBITDA of R37.8 billion (US$2.1 billion) increased by 189% year-on-year  Balance sheet leverage lower y-on-y – net debt : adjusted EBITDA of  0.59x at 31 Dec 2025 and ample liquidity and flexibility Solid operational performance with all operations achieving annual guidance  Favourable precious metals price tailwinds drive improved profitability Renewable energy leader in SA mining – R93.2m savings and 316,440 tCO₂ avoided emissions

Zahlen sind da. Dividendeninfo ebenfalls

Warten wir mal die Zahlen ab 🤓

Ich gehe auch davon aus, dass das Burnstone Gold Projekt das alles wieder rausreißt, bei dem derzeitigen Goldpreis. Noch dazu ist das Hochfahren der Burnstone Mine nicht so kostenintensiv.

Neubewertungen sind normal, man muss halt gucken, ob die am Ende auch stimmt, handelt sich ja um Schätzungen. Ich persönlich finde es sogar besser, wenn diese konservativ angesetzt sind, das zahlt sich später meist aus.

Sollte es nun abwärts gehen oder gibt es noch Hoffnung?

Oh, diesen extreme Fall habe ich nicht kommen sehen. Ich lag hier komplett fals

So sehe ich das auch. Dazu kommt noch, dass die Nickelmine, welche prozentual die höchste Abschreibung hat, sowieso teils defizitär operierte. Und dass das Keliber Projekt hohe Abschreibungen hinnehmen musste, liegt wohl am immer noch niedrigen Lithium Preis und daran, dass Projekte in Europa einfach teuer sind. Solange Europa dahingehend nichts unternimmt und der Lithiumpreis nicht anzieht, wird das Keliber Projekt auch weiterhin wohl nur langsam hochgefahren werden und solange wird es auch keine Gewinne einfahren. Für mich war das schon absehbar, weil logisch.

Danke für deinen Post. Wie denkst du denn persönlich darüber? Klar ist die Veröffentlichung gesetzlich vorgeschrieben. Und es betrifft natürlich 'Bewertungen'. Aber mein Gefühl sagt mir, dass diese bewusst konservativ, oder sagen wir besser 'vorsichtig' vorgenommen wurden. Ich kann das nicht wirklich beurteilen. Aber dein Eindruck würde mich schon interessieren, auch wenn sich alle Anleger auf die Seriosität der Bewertungen verlassen müssen.

Trading statement for 2025 In terms of paragraph 6.26 of the Listing Requirements of the JSE Limited (JSE), a company listed on the JSE is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the current period to be reported on, will differ by at least 20% from the financials result for the previous corresponding period. Accordingly, stakeholders are advised that Sibanye-Stillwater expects to report headline earnings per share (HEPS)  of between 232 SA cents (13 US cents) and 256 SA cents (14.3 US cents), representing an increase of more than 360% (or more than 3.6 times higher) compared with HEPS of 64 SA cents (3.5 US cents) for 2024. The Group expects to report a basic loss per share (EPS loss) of between 174 SA cents (9.7 US cents) and 194 SA cents (10.9 US cents) for 2025, representing an improvement of between 24.8% to 32.6%, compared with an EPS loss of 258 SA cents (14.1 US cents) for 2024. The significant increase in HEPS reflects an increase in revenue primarily due to higher precious metals prices for 2025, which have continued to increase into 2026. Revenue less cost of sales before amortisation and depreciation for 2025 is expected to be more than 160% higher than for 2024. The basic loss per share expected for 2025 is primarily due to the recognition of impairments totalling R14,007 million (US$783 million) or 495 SA cents (28 US cents) for 2025, which are non-cash items and are excluded from HEPS. As required by IFRS Accounting Standards, the Group undertakes periodic impairment tests using Group-approved life of mine plans and applying various assumptions to determine the recoverable amounts of assets, including inter alia weighted average commodity prices and exchange rates derived by considering various bank and commodity broker consensus forecasts. Due to the cyclical nature and volatility of commodity prices, bank and broker consensus price forecasts are subject to frequent change, which may result in estimates of value for the Group assets varying from period to period.  Impairments are non-cash items and are excluded from HEPS. Impairments for the year ended 31 December 2025 are mainly related to: R7,804 million (US$436 million) for the Keliber lithium project for 2025, of which R2,460 million1 (US$138 million) was recognised for H2 2025 R3,779 million (US$217 million) at Kloof2 during H2 2025 R4,230 million (US$230 million) at the US PGM operations3 reported in H1 2025 These were partially offset by impairment reversals of R1,923 million (US$111 million)4 for the Burnstone project and Beatrix and Driefontein operations for H2 2025

4E PGM Mineral Resources of 177.3Moz (-2.0%) and Mineral Reserves of 29.4Moz (+4.7%) at our SA PGM operations 2E PGM Mineral Resources of 80.9Moz (+2.2%) and Mineral Reserves of 19.4Moz (+2.1%) at our US PGM operations  Gold Mineral Resources of 36.4Moz (-25.5%) and Mineral Reserves of 9.4Moz (-6.3%) at our SA gold operations (including DRDGOLD) and development projects (including Burnstone) Uranium Oxide (U3O8) Mineral Resources of 59.3Mlb (+0.1%) and Mineral Reserves of 25.2Mlb at our SA gold operations Lithium Mineral Resources of 510kt lithium carbonate equivalent (LCE) (-24.0%) and Mineral Reserves of 248kt (unchanged) Zinc Mineral Resources of 963kt (-17.4%) and Mineral Reserves of 308kt (-44.2%) Copper Mineral Resources of 5,500kt (-31.1%) and Mineral Reserves of 478kt

Johannesburg, 17 February 2026: Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW) is pleased to report attributable Group Mineral Resources and Mineral Reserves as at 31 December 2025.   The declared Mineral Resources and Mineral Reserves for the Group's managed operations and projects are the outcome of a detailed annual operational and life of mine (LoM) planning process and are indicative of the considerable underlying mineral assets base which supports sustainable, long-life production. In addition, attributable Mineral Resources and Mineral Reserves are also declared based on our legal interest in non-managed mineral properties.   This Mineral Resources and Mineral Reserves declaration represents a condensed and consolidated summary of the full Sibanye-Stillwater Mineral Resources and Mineral Reserves declaration, which will be available in the Group Mineral Resources and Mineral Reserves Report. The report will be published on 24 April 2026 at www.sibanyestillwater.com/news-investors/reports/annual/.