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Sasol|Transnet|Rand|US Dollar|Crude Oil|Refining
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sasol|transnet|rand|us-dollar|crude-oil|refining

Sasol points to stronger earnings on back of higher sales and prices

5th August 2026

By: Terence Creamer

Creamer Media Editor

     

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Energy and chemicals producer Sasol reports that its earnings for the year to end-June will be higher than the prior year, owing to a combination of higher sales and prices, which more than offset the impact of the stronger rand.

In a trading statement issued ahead of the release of Sasol’s financial results on September 1, the group said that its headline earnings per share (HEPS) would be between R36 and R40, up between 2% and 14% compared with  the prior year HEPS of R35.13.

Earnings per share (EPS) would be between 65% and 84% higher when compared to the prior-year EPS of R10.60, at between R17.50 and R19.50.

Adjusted earnings before interest, taxes, depreciation and amortisation is expected to be between R58-billion and R62-billion, an increase of between 12% and 20% compared with the R51.8-billion of 2025.

Sasol said the stronger results were supported by a 4% increase in sales volumes associated with improved production.

In addition, there had been a 7% increase in the average dollar-valued Brent crude oil price in the year, a 100% increase in refining margins, and lower impairments of R16.8-billion compared with R20.7-billion previously.

The increase was partially offset by the 7% stronger average rand/dollar exchange rate during the period, unrealised losses of R1.1-billion on the translation of monetary assets and liabilities, and the fact that the R4.3-billion settlement with Transnet had been a once-off payment received in the prior year.

“While earnings are expected to improve, higher year-end working capital driven by elevated pricing following the Middle East conflict and the previously reported fuels inventory build, is expected to moderate the improvement in free cash flow generation,” the statement adds.

Edited by Creamer Media Reporter

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