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Sasol's Business Performance Metrics Report

On April 23, 2026, Sasol Limited published its business performance metrics for the nine months concluding on March 31, 2026. This announcement was made available on the Company’s website under the Investor Centre section. The report reflects on Sasol's operational resilience as they navigate complex market dynamics influenced by significant geopolitical factors, particularly the conflict in the Middle East, which has raised energy supply concerns.

Maintaining Supply Amidst Challenges

As the regional instability threatened the closure of key shipping lanes, Sasol highlighted its pivotal role in ensuring a consistent supply of energy and chemical products.In particular, as the conflict unfolded, the company’s focus remained on sustaining uninterrupted operations and effectively leveraging its integrated value chain. This proactive strategy has been crucial for maintaining product availability for customers while adhering to cost discipline.

Emphasis on Safety and Operational Integrity

In line with corporate values, Sasol prioritized safety throughout its operations. Although they observed improvements across several safety metrics, including hospitalization rates and fire incidents, the unfortunate report of a fatality at their Secunda Operations in mid-April serves as a somber reminder of the importance placed on safety in every aspect of their work. The leadership at Sasol remains steadfast in their commitment to fostering a strong safety culture, ensuring that all employees and service providers return home safely each day.

Performance Highlights from Southern Africa and Beyond

Southern Africa Operations: In the Southern African segment, Sasol's destoning plant reported enhanced coal quality, contributing to a reduction in external coal purchases due to higher production output. Notably, the company's operations in Mozambique faced logistical challenges due to nationwide flooding, leading to a temporary decrease in gas production.

Despite this setback, total production from Sasol's Secunda Operations increased by 8% year-on-year due to beneficial coal quality and gasifier performance, notwithstanding some planned outages in Q3.

Natref Refinery Production: The Natref refinery boosted its output during the quarter, chiefly driven by robust market demand arising from energy security concerns. Sasol managed to offset crude supply constraints from the Middle East by sourcing from alternative regions which helped them maintain strong sales figures.

ORYX GTL Plant: In contrast, the ORYX GTL plant faced substantial production challenges due to a gas supply disruption that necessitated an unscheduled shutdown in early March, with the timeline for restarting operations remaining uncertain. Chemical revenue in Africa registered an uptick thanks to improved pricing and better volume sales.

International Business Dynamics

Sasol's international chemicals activities experienced mixed results due to varying macroeconomic conditions. In the United States, improved pricing and production outcomes were welcomed. Conversely, in Eurasia, while tightened global supplies resulted in increased sales, higher raw material costs and production constraints led to a force majeure on select products. The company is actively managing exposure to oil price and currency fluctuations through a robust hedging program, which has been successful in securing downside protection.

Recent Developments and Future Outlook

Sasol recently marked a significant milestone by launching its Integrated Processing Facility (IPF) for the Production Sharing Agreement (PSA), facilitating the first domestic production of LPG. This development is expected to replace significant imports and contribute additional outputs of natural gas and light oil.

On the financial front, Sasol successfully issued a $750 million bond with a seven-year maturity, helping to extend their debt maturity profile while remaining liquidity optimistic.

Looking ahead, the company maintained its previous guidance for FY26 with few revisions. Predicted fuel sales volumes were adjusted upward due to improved production and demand, while gas production forecasts were reduced in light of the flooding and operational constraints. Capital expenditure projections were also revised downwards, reflecting ongoing cost optimization efforts.

As Sasol navigates through a tumultuous operating environment characterized by geopolitical uncertainty and shifting market dynamics, the company remains committed to operational continuity and customer support, underscoring its resilience during challenging times.

For further insights into Sasol's performance metrics and strategic direction, investors can explore their dedicated page on their website.