Sasol Limited Q2 2026 Earnings Recap

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.