Sasol’s annual results reflect a period of operational stabilization, with the company reporting a 4% increase in sales volumes and a significant 79% jump in basic earnings per share to R18.99. CEO Simon Baloyi noted that the firm’s integrated value chain proved critical during the latter half of the year, particularly as regional instability and the closure of the Strait of Hormuz emphasized the necessity of reliable domestic energy and chemical supplies.
Financial discipline defined the company's capital strategy, with expenditures dropping 18% to R21 billion following the completion of major environmental and gas projects. While net debt fell 11% to US$3.3 billion, the company remains focused on driving that figure sustainably below the US$3 billion threshold. Consequently, the board has opted not to declare a dividend, citing the need to prioritize balance sheet resilience. Looking ahead, Sasol is continuing its transition, having expanded its renewable energy portfolio to over 500 MW, with additional capacity secured through long-term power purchase agreements.





Comments (0)
No comments yet. Be the first!