Sasol is undergoing a major strategic shift, with the group expecting some relief from the R44.3 billion loss recorded in 2024.
The group said it is making progress on its strategic priorities outlined at its Capital Markets Day, to strengthen its business.
This includes:
The group said that as part of its plan to grow and transform, Natref commissioned the first of three new low-carbon boilers in May 2025.
This is a key milestone for sustaining steam supply and supporting emissions reductions.
The group also concluded an additional 160MW of renewable energy power purchase agreements (PPA) in South Africa.
This includes a 150MW as part of the Ampli Energy joint venture with Discovery, scheduled to commence in FY28. These agreement give Sasol access to 920MW in South Africa.
Sasol is, however, one of the largest emitters in the country, as its business revolves around coal, oil and petrochemicals. Its Secunda plant its the largest single-point emitter of carbon dioxide in the world.
Regarding its financials, the group said that its earnings for the year ended 30 June 2025 should see an increase.
It said his earnings per share should increase by over 20% compared to the loss per share of R69.94 reported for the year ended 30 June 2024, which included negative remeasurement items of R88.13 per share.
The remeasurement items included substantial impairments that arose in the 2024 financial year. Overall, the group’s loss totalled R44.3 billion.
“Earnings and headline earnings per share may be impacted further by adjustments resulting from the 2025 financial year closure process, which cannot be estimated reliably at this point, said the group.
“A comprehensive trading statement will be published as soon as there is more certainty with respect to the earnings and headline earnings per share ranges.”
Looking ahead, it expects to maintain strong liquidity and strict cost management to support overall financial resilience.
It is also continuing its proactive hedging programme, as it aims to ensure effective risk management and reduce the impact of market volatility.
“Following the 90-day suspension of the US import tariffs, the US government announced on 8 July 2025 that new tariff rates will take effect on 1 August 2025,” said the group.
“Engagements with the relevant stakeholders are ongoing, and we remain focused on ensuring continuity, mitigating potential disruptions, and identifying any opportunities for Sasol.”
More details will be provided on 25 August 2025 with the release of its 2025 financial year results.
*This article was first published by Business Tech
