The company credits this upward trajectory to a 4% increase in sales volumes and a notable 7% rise in average Brent crude oil prices. Refining margins more than doubled during the year, bolstered by improved fuel differentials. Furthermore, the firm managed to reduce its tax-related impairments to R16,8 billion, a decrease from the R20,7 billion recorded in the prior year.
These gains faced pressure from a 7% stronger Rand against the US dollar and the absence of a one-off R4,3 billion settlement from Transnet received last year. Significant impairments continue to weigh on the balance sheet, specifically within the Secunda liquid fuels refinery and the Polyethylene cash-generating units, both of which were impacted by challenging exchange rate forecasts. While adjusted EBITDA is projected to climb as high as R62 billion, management warns that elevated pricing linked to Middle East instability and increased fuel inventory builds may moderate free cash flow generation. Sasol will provide a comprehensive breakdown of these results during a market call on September 1, 2026, led by CEO Simon Baloyi.
Comments (0)
No comments yet. Be the first!