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Business Performance Metrics For The Year Ended 30 June 2026
Sasol Limited
(Incorporated in the Republic of South Africa)
(Registration number 1979/003231/06)
Sasol Ordinary Share codes: JSE: SOL NYSE: SSL
Sasol Ordinary ISIN codes: ZAE000006896 US8038663006
Sasol BEE Ordinary Share code: JSE: SOLBE1
Sasol BEE Ordinary ISIN code: ZAE000151817
(Sasol, the Company, Equity issuer)
Sasol Financing Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1998/019838/06)
Company code: SFIE
LEI: 378900A5BC68CC18C276
(Sasol Financing, Debt issuer)
BUSINESS PERFORMANCE METRICS FOR THE YEAR ENDED 30 JUNE 2026
Sasol has published its business performance metrics for the year ended 30 June 2026 on the
Company´s website at www.sasol.com, under the Investor Centre section:
https://www.sasol.com/investor-centre/financial-results.
During FY26, we focused on the factors within our control, prioritising safety, operational
performance, cost and capital discipline. We leveraged our integrated value chains across
regions, ensuring reliable energy and chemical product supply amidst the Middle East (ME)
conflict. Supported by stronger production performance and a more supportive macroeconomic
backdrop during the last quarter of the financial year, the business delivered within or above our
market guidance across all our production and sales metrics, demonstrating clear progress
towards strengthening the foundation business. We continued to advance our strategic initiatives
across the business, designed to enhance resilience, improve competitiveness and support long-
term value creation.
Safety
Safety remains our foremost value. While key safety indicators improved during the year and
safety performance in the fourth quarter was encouraging, the two tragic fatalities earlier in FY26
are a stark reminder of the critical importance of safety in everything we do. We are committed to
strengthening our safety culture across the business.
Business performance
In Southern Africa, Secunda Operations (SO) achieved its highest annual production in the past
five years, exceeding market guidance. This performance was underpinned by the successful
implementation of the destoning project, which kept average sinks below the market guidance
range of 12 - 14%, together with increased natural gas availability and stable operations at SO
during the quarter. Natref maintained strong operational performance in the quarter and
continued to play a critical role in South Africa's fuel supply and energy security. ORYX GTL
remained offline following earlier gas supply disruptions, with restart activities dependent on
stable operating conditions in the region.
FY26 liquid fuels sales volumes were higher than the prior year, with higher refining margins
positively impacting earnings, partially offset by hedging losses related to crude oil purchases.
However, sales volumes for the quarter were impacted by higher fuel price volatility alongside
elevated fuel imports into the South African market, which resulted in higher inventory levels.
Chemicals Africa revenue increased in the quarter, supported by higher pricing, partly offset by
lower Base Chemicals sales volumes due to planned shutdowns, with overall volumes at the
higher end of market guidance.
In the International Chemicals (IC) business, our strategic reset initiatives progressed during the
quarter, strengthening operational resilience and positioning the business to benefit from the
favourable market conditions. In America, the business benefited from significantly higher market
pricing and stable production performance. In Eurasia, revenue increased due to proactive
management of cost pass-through to support margins, while sales volumes were lower than the
previous quarter following the force majeure on certain products where feedstocks were
constrained due to the ME conflict. As a result, IC Adjusted EBITDA is expected to exceed our
market guidance range of US$375 - 450 million.
We continue to proactively manage our exposure to oil price and currency volatility through our
group hedging programme, ensuring downside protection while retaining upside participation.
The FY27 oil hedging programme is complete while the FY27 ZAR/USD hedging programme is
still underway.
Business updates
Strengthen the foundation business:
• Sasol submitted its Maximum Gas Price application to NERSA (National Energy
Regulator of South Africa) for FY27 – FY30, with the regulatory outcome pending.
• In response to constrained n-paraffin and LAB (Linear Alkylbenzene) availability in the
global market, Sasol has initiated the restart of its paraffin production unit in Augusta,
Italy, which was previously mothballed. The restart, expected in H1 FY27, reflects
Sasol's customer-centric approach, operational agility and commitment to reliable
supply.
• As part of our IC strategic reset, we continue with the phased implementation of our
modern ERP (Enterprise Resource Planning) system, with the rollout in Germany
commencing in July 2026.
Grow and Transform:
• Sasol continued to advance its renewable energy programme, with 330 MW brought
online during the quarter. This increased operational renewable energy capacity to more
than 500 MW of the over 1,2GW secured. This supports Sasol's emissions reduction
objectives, improves competitiveness of our Southern African operations and enables
continued commercial market development.
• Sasol continues with its Advanced Materials chemicals growth strategy through a
targeted €60 million final investment decision in Brunsbüttel (Germany), aimed at
expanding specialty alumina capabilities and supporting future demand in high-value
end markets. Beneficial operation is expected in FY29.
• Sasol and Topsoe have agreed to prepare for the operational wind-down of the Zaffra
joint venture, while continuing their collaboration on sustainable aviation fuel (SAF)
technology.
Outlook
Our FY26 financial metrics are expected to be in line with or exceed guidance, with the exception
of net working capital which was higher at year-end due to higher pricing resulting from the ME
conflict and fuels inventory build, which will support supply in Q1 FY27 during the Natref
shutdown, reducing fuel imports. Looking ahead, the operating environment is expected to
remain volatile, driven by ongoing geopolitical uncertainty in the ME and evolving market
dynamics. We remain focused on maintaining operational continuity, supporting our customers
and proactively responding to changing market conditions.
More details on our FY26 financial results and outlook for FY27 will be provided on 1 September
2026 with the FY26 Results release.
21 July 2026
Sandton
Equity Sponsor
Merrill Lynch South Africa Proprietary Limited t/a BofA Securities
Debt Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited
Disclaimer- Forward-Looking Statements
Sasol may, in this document, make certain statements that are not historical facts that relate to
analyses and other information which are based on forecasts of future results and estimates of
amounts not yet determinable. These statements may also relate to our future prospects,
expectations, developments and business strategies. Words such as "believe", "anticipate",
"expect", "intend", "seek", "will", "plan", "could", "may", "endeavour", "target", "forecast" and
"project" and similar expressions are intended to identify such forward-looking statements but are
not the exclusive means of identifying such statements. By their very nature, forward-looking
statements involve inherent risks and uncertainties, both general and specific, and there are risks
that the predictions, forecasts, projections and other forward-looking statements will not be
achieved. If one or more of these risks materialise, or should underlying assumptions prove
incorrect, our actual results may differ materially from those anticipated. You should understand
that a number of important factors could cause actual results to differ materially from the plans,
objectives, expectations, estimates and intentions expressed in such forward-looking statements.
These factors are discussed more fully in our most recent annual report on Form 20-F filed on 29
August 2025 and in other filings with the United States Securities and Exchange Commission.
The list of factors discussed therein is not exhaustive; when relying on forward-looking
statements to make investment decisions, you should carefully consider both these factors and
other uncertainties and events, and you should not place undue reliance on forward-looking
statements. Forward-looking statements apply only as of the date on which they are made and
we do not undertake any obligation to update or revise any of them, whether as a result of new
information, future events or otherwise. Forward looking statements, financial information and
targets included in this statement have not been reviewed or reported on by Sasol's auditors.
Date: 21-07-2026 07:05:00
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