Sasol Limited Earnings Recaps
Q2 2026
Feb 23, 2026
Sasol reported a solid performance for the first half of Financial Year 2026, demonstrating resilience amid a challenging macroeconomic environment, with improved cash flow and ongoing progress in operational efficiency.
Key takeaways
- Adjusted EBITDA declined year-on-year due to tougher market conditions; however, positive free cash flow was achieved.
- Strategic investments led to the successful operational launch of the destoning plant, enhancing coal quality and stabilizing production.
- Net debt decreased to USD 3.8 billion, underscoring a strong cash generation strategy and a clear pathway to deleverage.
- Achieved a Southern Africa value chain cash breakeven price of USD 53 per barrel, ahead of targets, driven by disciplined capital and cost management.
- Secured an additional 300 megawatts of renewable energy, advancing toward the 2-gigawatt target by 2030 as part of the Grow and Transform strategy.
Q4 2025
Aug 25, 2025
Sasol's financial year '25 results reflect resilience amid challenges, with a commitment to strategic initiatives pushing adjusted EBITDA performance while achieving significant cash flow improvements.
Key takeaways
- Adjusted EBITDA decreased 14% to ZAR 52 billion, driven by lower production volumes but offset by strong margin realization and cost management.
- Achieved a net debt of $3.7 billion, successfully meeting the target of staying under $4 billion, enhancing balance sheet stability.
- Positive cash flow generation increased over 70% from the previous year, demonstrating effective capital and operational management.
- The destoning plant construction is completed, positioning the company to improve feedstock quality and gasifier performance in FY26.
- Progress on renewable energy with over 900 megawatts secured through power purchase agreements, moving Sasol closer to its goal of 2 gigawatts by 2030.