SBSW Balance Sheet, Income & Cash Flow

Income Statement SBSW
Line item	2009	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	47.32	63.17	58.30	75.77	61.04	58.98	80.79	94.96	89.50	113.11	183.43	235.30	195.41	160.65	158.45	183.25
Cost of Revenue	39.69	47.36	48.06	61.69	50.43	53.01	65.42	88.07	85.41	98.87	122.58	153.07	146.19	142.59	149.54	124.98
Gross Profit	7.63	15.81	10.24	14.08	10.60	5.97	15.37	6.89	4.09	14.24	60.85	82.23	49.22	18.06	8.91	58.28
Research & Development	–	–	–	–	–	0.00	0.00	0.00	0.00	0.00	–	–	–	–	–	–
Selling, General & Administrative	0.42	0.19	0.25	0.22	1.17	0.72	1.28	2.77	0.56	0.50	0.81	0.50	0.01	0.31	0.54	3.57
Total Operating Expenses	0.70	0.57	0.66	0.75	1.67	1.29	1.29	4.54	2.16	2.75	0.78	0.54	0.86	6.16	3.70	2.99
Operating Income	6.93	15.24	9.57	13.33	11.81	7.01	16.78	3.38	1.93	12.82	62.60	85.39	51.48	19.25	5.21	55.28
Interest Expense	0.71	0.05	0.42	1.28	0.65	0.91	2.34	5.25	4.55	3.88	3.38	2.41	3.02	3.27	4.61	3.63
Pre-Tax Income	6.34	13.82	8.17	9.82	6.54	2.38	11.67	-15.26	-2.54	-2.02	51.09	64.99	39.43	-56.31	-5.95	-0.58
Income Tax Expense	2.21	4.60	-1.95	1.51	2.32	0.98	3.21	-6.09	1.91	-2.69	7.00	18.80	12.61	-3.41	2.11	6.12
Net Income	3.62	9.36	10.45	8.50	4.35	1.86	9.57	-9.18	-4.42	0.10	42.21	45.17	25.99	-53.38	-10.31	-7.31
EBITDA	14.32	22.77	17.33	25.66	16.78	12.73	22.96	3.38	13.70	13.05	65.41	78.73	52.46	-38.89	0.23	27.40

Data as of: October 5, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

Income Statement