$SSL

Sasol (SSL) reported Q4 2026 earnings with adjusted EBITDA up 17% YoY to ZAR 61B, net debt down 11% to USD 3.3B, and capital expenditure down 18% to ZAR 21B. Secunda production hit a 5-year high at 7.26M tonnes. International Chemicals EBITDA was USD 604M. Free cash flow was ZAR 11.9B, down 5% YoY. The company aims for 2GW of renewable energy by 2030 and targets 34M tonnes of mining production by 2028. Management expects dividend resumption once net debt falls below USD 3B.

Sasol reported a 9% rise in headline earnings per share to R38.31 and a 79% increase in basic earnings per share to R18.99, but withheld dividends due to net debt of $3.3 billion, exceeding its $3 billion limit. Higher oil prices and fuel sales supported earnings, but capital-intensive operations and increased working capital reduced cash available for distributions.

Sasol reported flat cash fixed costs and 4% higher sales volumes. Working capital exceeded targets due to commodity prices and operational factors. Southern African operations improved, with oil breakeven declining to $49 per barrel. International Chemicals posted higher earnings, with adjusted EBITDA of $604 million. The company remains focused on safety and energy transition, targeting 2 GW of renewable energy by 2030.

Sasol reported FY2026 revenue of R272.1 billion, up 9%, and adjusted EBITDA of R61 billion, up 17%. Net debt fell 11% to US$3.3 billion, but no final dividend was declared due to debt thresholds. EBIT rose 37% to R25.7 billion, and EPS increased 79% to R18.99. Free cash flow was R11.9 billion, down 5%.

Sasol (JSE: SOL; NYSE: SSL) reported FY2026 results with adjusted EBITDA up 17% to R61B, earnings per share up 79% to R18.99, and net debt down 11% to $3.3B. Improved operations, cost management, and market conditions drove performance. Capital expenditure fell 18% to R21B. The company extended debt maturities and maintained strong liquidity.

South Africa's National Energy Regulator (NERSA) approved Sasol Gas's maximum prices for 2026-2028. End-user price cap set at R97.31/GJ, with a 5% discount for traders. Prices will be adjusted quarterly based on costs, with NERSA oversight. Prices beyond 2028 deferred pending market competition assessment.

Sasol reported a 37% increase in EBIT to R25.7 billion and a 17% rise in adjusted EBITDA to R61 billion. Profit attributable to shareholders grew to R12.1 billion, with basic earnings per share up 79%. The company reduced net debt by 11% to US$3.3 billion and maintained strong liquidity. Despite impairments of R16.8 billion, Sasol's Fuels segment and Chemicals America showed strong performance. No final dividend was declared due to net debt levels.

Sasol Limited (SSL) reported fiscal year results with revenue up 9.2% and adjusted EBITDA up 17%. GuruFocus values SSL 37.7% overvalued at $12.02 vs. $8.73 intrinsic value. GF Score is 62/100, with strengths in profitability but weaknesses in growth and momentum. Insiders and gurus have trimmed positions, and J.P. Morgan downgraded SSL citing ethylene market challenges.

Sasol reported a 9% rise in annual profit, with headline earnings per share at R38.31, driven by higher oil prices and increased fuel sales. The company's debt remains above its dividend policy cap, leading to no dividend payment. Sasol is focusing on decarbonization and aims to have 2,000 MW of renewable energy capacity by 2030, with 1,370 MW already contracted.

Sasol's Natref refinery shutdown disrupted fuel supplies to OR Tambo International Airport, affecting jet fuel. Sasol assured partial supply continuation and mitigation measures. Aviation analyst Guy Leitch noted no flights canceled but warned of broader South Africa fuel supply issues. OR Tambo's reserves are at seven days, insufficient for expected 45-day disruption. Leitch cited Middle East conflict and infrastructure underinvestment as contributing factors.