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Offer:Sasol Financial Analysis and Performance 2025
A full overview of Sasol’s Financial Analysis and Performance in 2025. View the live share price, price-per-earnings ratio, share consensus, Sasol performance for 2025, Sasol Share Forecasts, How to Sell Sasol Shares, and more.
| 🔎 Company | 🥇 Sasol |
| 🌎 Country of Operation | South Africa |
| ⚙️ Operational | 22 Countries |
| ✅ Supplies | 100+ Countries |
| 📌 Products | Chemicals Energy Substainable Aviation Fuel |
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Sasol Financial Statements June 2025
Sasol’s profits before interest and tax (EBIT) of 16,6 billion ZAR in the fiscal year ending in June 2025 were an improvement over the company’s loss before interest and tax (LBIT) of 112 billion ZAR in the 2025 fiscal year. There were 23 billion ZAR in re-measurement costs included in 2025 EBIT, up from 112 billion ZAR in 2025.
Higher Brent crude oil and chemical prices, especially in the second half of the year, reduced depreciation, profits on hedging and derivatives, and translation impacts offset higher costs to provide an EBIT rise of more than 100%.
- Profits from the sale of assets were 28.7 billion ZAR.
- Gains from financial instruments and derivative contracts totaled 5.6 billion ZAR.
- Net impairments totaled 2.8 billion ZAR.
However, the Secunda liquid fuels refinery cash-generating unit (CGU) was impaired by R24.5 billion, contributing to the net. impairments. This was mostly owing to a greater anticipated rand/US dollar exchange rate, which had a negative effect on the anticipated Basic Fuel Price. After rising from 43 USD per barrel in July 2025 to 73 USD per barrel in June 2025, the price of oil maintained its upward trajectory throughout 2025, averaging 54.20 USD per barrel over the course of the year.
The average rand/US dollar exchange rate increased to 15.40 ZAR from an average of 15.69 ZAR in 2020, mitigating some of the positive effects of the lower refining margins. Improved demand, higher oil prices, and less market supply owing to weather-related events in the United States and global supply chain issues exacerbated by the ongoing COVID-19 epidemic all contributed to the prolonged strength of chemical prices into 2025.
Second-half gross margins improved noticeably on the back of the combined effect of rising Brent crude oil and chemical prices. In South Africa, Sasol Shares can be bought through FNB, ABSA, Capitec Bank, EasyEquities, Nedbank, and Standard Bank.
Analysis of the factors that influenced Sasol’s performance in 2025
Exchange Rate between USD and ZAR
Sasol’s principal income stream is either in US dollars or is highly influenced by the rand/US dollar exchange rate. The bulk of this income is generated by the export and local sale of petroleum and chemical products at global commodity and benchmark prices specified in US dollars. Therefore, Sasol’s yearly revenues and EBIDTA are very sensitive to the annual average exchange rate (EBIT).
Sasol predicted that the average rand/dollar exchange rate for the remainder of 2025 will range between R15.10 and R16.80. There were still possible risks, and as a result, Sasol expected more currency and financial market volatility.
In addition to the influence of COVID-19, internal sociopolitical factors, and global and local inflation and interest rate trends, South Africa’s unstable budgetary condition was also a factor that was considered in the forecasts.
Outlook on the Chemical Price
Sasol anticipated that chemical prices would decline in 2025 as the market rebalanced but continuing global supply chain disruptions posed an upside pricing risk. In addition, it was anticipated that prices would remain unpredictable due to fluctuations in the cost of petrochemical feedstocks, variations in supply and demand, and supply chain disruptions.
In addition, it was anticipated that chemical prices in North-East Asia would range between 1,000 USD and 1,150 USD per ton for the balance of 2025 as additional capacity came online, particularly in China. In addition, domestic LLDPE costs in the United States were anticipated to range between 1,300 USD and 1,500 USD per ton by 2025.
Fuel Margins
Based on an average rand/US dollar exchange rate of 15.30 ZAR in 2025, a 1 USD per barrel change in the average annual fuel price difference of the Sasol group would influence EBIT by roughly 584 million ZAR (38 million USD) in 2025. In the first half of 2025, gasoline prices were bolstered by the return of demand in the United States and Europe because of an increase in driving activity after vaccinations.
However, improved demand was met with supply difficulties owing to the lingering impacts of Hurricane Ida, refinery maintenance, and poor refinery throughput resulting from negative margins in general. Enhanced seasonal demand also bolstered cracks in the middle distillates.
In contrast, in 2025 and 2025, new refining capacity additions are anticipated to exceed closures. Mega refineries with high distillate outputs are anticipated to have a greater influence on middle distillate cracks because of the capacity expansions. In contrast, crack spreads were anticipated to be variable throughout the duration of the 2025 fiscal year, as the uneven recovery of demand post-COVID-19 was anticipated to cause cracks to vary.
Fuel Products and Crude Oil Prices
Despite some lower adjustments owing to the proliferation of COVID-19 variations, the global oil demand recovery remained robust by the end of 2025. It was anticipated that relatively low oil inventories, geopolitical interruptions, and OPEC+ supply control would sustain prices.
The average price of Brent crude oil was anticipated to continue volatile and fluctuate between 60 USD per barrel and 95 USD per barrel for the balance of the fiscal year 2025. The proliferation of COVID-19 variations is anticipated to result in further societal constraints, which pose a downside risk to the price.
Inflation and supply chain concerns were expected to weigh on global economic development, but a rapid, though improbable, conclusion of Iranian sanctions discussions may improve supplies.
A sustained rebound in global oil demand, OPEC+’s inability to reach output objectives, and heightened geopolitical uncertainty could have contributed to higher oil prices. However, to boost the crude oil hedge cover ratio for the balance of the 2025 fiscal year, an extra 18 million barrels were hedged via swaps.
In addition, for the fiscal year 2025, Sasol implemented 100% of the hedging program, or 42 million barrels per year, utilizing a mix of zero-cost collars and swaps.
Ethane Gas
During the first six months of 2025, ethane prices mirrored natural gas prices with an average premium of $6.50 a gallon over the Henry Hub equivalent. The price of ethane increased from 21 US cents per gallon in January 2025 to over 40 US cents per gallon in September 2025 and 33 US cents per gallon by the end of 2025.
Long-term ethane prices are driven by supply-and-demand fundamentals and US tight-oil dynamics. The recoverable output increased in 2025 despite a decline in the number of US tight-oil rigs and a strong commitment to capital restraint by US tight-oil producers.
In 2025 and 2025, the demand for ethane is anticipated to rise owing to increased exports and the introduction of new petrochemical crackers. Because demand growth exceeds supply expansion, ethane rejection is projected to decrease by over 34%, resulting in more price volatility.
Sasol Highlights and News in 2025
Some of the highlights from 2025 for Sasol are as follows:
- February 2025 – For the six months ending 31 December 2025, Sasol had a solid set of results. Sasol’s profits climbed by more than 1000% from 4.5 billion ZAR in the preceding quarter to R15.3 billion in the current period.
- April 2025 – After establishing the 2030 objective, Sasol entered an arrangement with Air Liquide to sell the Air Separation Units (ASUs) at the Secunda plant. Furthermore, Air Liquide committed to further GHG emission reduction actions than Sasol.
- July 2025 – The Industrial Development Corporation of South Africa Limited (IDC) and Sasol Limited (Sasol) signed a memorandum of cooperation (MOC) to promote the green hydrogen economy in South Africa. Sasol and the IDC would work together on several non-exclusive fronts to advance South Africa’s energy transition and economic development objectives. These include:
- Pushing at key international fora for legislative frameworks to allow a hydrogen economy.
- Establishing pilot and commercial scale hydrogen projects to pioneer viable and sustainable solutions.
- Gaining access to local and international finance alternatives.
- Pursuing strategic initiatives.
- July 2025 – Sasol joined the worldwide Hydrogen Council, a collaboration of over 120 firms from the hydrogen industry. These businesses are all committed to ensuring that hydrogen plays a central role in the energy revolution.
- August 2025 – The province administration of Free State received from Sasol vaccine carriers, cold storage freezers, and temperature loggers certified by the World Health Organization to aid in the distribution of COVID-19 vaccinations.
- September 2025 – The Central Energy Fund (CEF) and Sasol signed a memorandum of understanding (MOU) to accelerate the development of gas solutions in South Africa. This arrangement brings together two of South Africa’s foremost pioneers in the gas business, both of whom have extensive expertise working across the whole gas value chain, from exploration to downstream operations.
- November 2025 – Sasol received the ESG Leader Award at the first annual Africa Energy Awards 2025. This acknowledged the multinational integrated chemicals and energy company’s efforts in expanding capital expenditures to ensure safe and fair operations by enhancing environmental, social, and governance performance.
- December 2025 – Sasol’s Foundation and Research & Technology divisions signed two important collaboration agreements with the National Research Foundation (NRF) to jointly finance and promote the next generation of scientific and engineering researchers in South Africa.
Conclusion
Sasol’s profits before interest and tax (EBIT) of 16,6 billion ZAR in the fiscal year ending in June 2025 were an improvement over the company’s loss before interest and tax (LBIT) of 112 billion ZAR in the 2025 fiscal year.
Frequently Asked Questions
What happened to Sasol’s finances in 2025?
During 2025, Sasol delivered mixed financial results. While Sasol could benefit from a favorable macroeconomic environment and the easing of Covid-19 restrictions, Sasol faced many operational challenges with coal quality and supply constraints.
Did Sasol pay dividends in 2025?
Sasol did not declare any dividends in 2025. Because of several factors, including volatile oil and chemical markets, the covid pandemic, adverse weather events, and others, Sasol found itself under a massive financial strain, leading to the Board deciding not to declare dividends in 2025 and 2025.
How much was Sasol’s debt in 2025?
During the 2025 financial year, Sasol cut its debt from 190 billion ZAR to 103 billion ZAR.
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