Home / Business and Economy / Sasol Surges: Stellar Fiscal '26 Performance Reported
Sasol Surges: Stellar Fiscal '26 Performance Reported
1 Sep
Summary
- Adjusted EBITDA rose 17% to ZAR 61 billion, with gross margin up 13%.
- Net debt declined 11% to $3.3 billion, its lowest in a decade.
- Capital expenditure fell 18% to ZAR 21 billion due to completed projects.
Sasol has reported a significantly improved financial and operating performance for fiscal 2026. The company's adjusted EBITDA increased by 17% to ZAR 61 billion, accompanied by a 13% rise in gross margin. These strong results were attributed to enhanced operational reliability, disciplined cost management, and favorable market conditions, rather than solely market-driven factors.
Further strengthening its financial position, Sasol's net debt declined by 11% to $3.3 billion, reaching its lowest point in a decade and surpassing its fiscal 2026 target. Available liquidity also saw a substantial increase of 21%, reaching approximately $5 billion. The company is targeting a further reduction of net debt to below $3 billion by fiscal 2027-2028.
Capital expenditure saw an 18% reduction, totaling ZAR 21 billion for fiscal 2026. This decrease is largely due to the completion of projects in Mozambique and South Africa, as well as the absence of a major shutdown in Secunda. Sasol anticipates further reductions in capital guidance for fiscal 2027.
