Sasol Stock Price, News & Analysis

Sasol (NYSE: SSL) has signed a Letter of Intent with German startup INERATEC to supply next-generation catalysts for e-SAF (sustainable aviation fuel) production. The new catalyst, set for completion in 2026, will enhance INERATEC's ERA ONE facility's e-kerosene yield by 15%.

INERATEC's ERA ONE, the world's largest Power-to-Liquid facility, currently aims to produce 2,500 tons of sustainable e-Fuels annually using Sasol's Cobalt FT catalyst. The partnership extends to the German-South African CARE-O-SENE research project, where both companies are consortium partners.

The collaboration leverages Sasol's 30-year expertise in Fischer-Tropsch technology, positioning the company as a key player in the growing e-SAF market.

Sasol Limited (NYSE:SSL) released its production and sales metrics for FY2025, showing mixed performance amid challenging macro conditions. The company expects to meet most financial guidance targets, though Secunda Operations and Natref experienced unplanned disruptions affecting Q4 production.

Key developments include a R4.3 billion settlement payment from Transnet, signing of additional renewable energy agreements totaling 920MW in South Africa, and a 93MW virtual PPA in the USA. The company strategically reduced coal production in Q3 FY25, supplementing with higher quality purchased coal to enhance gasifier performance.

Sasol projects earnings per share (EPS) to increase by more than 20% compared to the FY2024 loss of R69.94 per share. The company will release comprehensive FY2025 results on August 25, 2025.

Sasol (NYSE: SSL) has signed a significant virtual power purchase agreement (VPPA) with renewable energy producer Akuo. The 15-year agreement will provide 91 megawatts or 250,000 megawatt hours annually of renewable energy capacity from Akuo's Tennyson solar farm in Texas, covering approximately 50% of the annual electricity consumption at Sasol's Lake Charles Chemicals Complex.

The agreement, set to commence in the second half of 2026, will reduce Sasol's CO2 emissions by 90,000 tons per annum. This initiative aligns with Sasol's goal to reduce scope 1 and scope 2 emissions by 30% by 2030. The 195MW Tennyson solar plant, Akuo's first solar project in the US, is expected to employ up to 400 workers during construction.

Sasol Limited (SSL) announced key changes to its Board of Directors effective June 9, 2025. Ms Xikongomelo Maluleke, a Chartered Accountant with extensive experience including roles at Shell Downstream South Africa and Lumika Renewables, has been appointed as an independent non-executive director. She holds a Bachelor of Commerce, Bachelor of Accounting Honours, CTA, and an MBA. Additionally, Mr Timothy Cumming has resigned as non-executive director and chairman of the Remuneration Committee due to personal reasons. In response, Dr Martina Flöel, the Lead Independent Director, will take over as chairman of the Remuneration Committee, while Mr Manuel Cuambe has been appointed as chairman of the Capital Investment Committee.

Sasol (SSL) and Transnet have reached a settlement agreement on May 18, 2025, effectively resolving their ongoing legal disputes. The settlement, which became effective on May 23, 2025, requires Transnet to pay R4.3 billion (excluding VAT) to Sasol Oil by June 30, 2025. This agreement settles two major disputes: a previous High Court judgment from June 2024 ordering Transnet to pay R3.9 billion plus interest to Sasol Oil, which was under appeal, and a separate action by Transnet against Sasol Oil seeking to recover R855 million plus interest, where judgment was pending.

Sasol Limited (SSL) announced two key updates on May 20, 2025. First, the company is hosting a Capital Markets Day to present its strategic plans focused on strengthening its foundation and positioning for growth. The strategy encompasses restoring the Southern Africa value chain, resetting International Chemicals business, pursuing growth and transformation, and advancing emissions reduction commitments.

Additionally, the Board approved a significant change to its dividend policy, adjusting the dividend trigger threshold from US$4 billion to a more conservative US$3 billion in sustainable net debt (excluding leases). This revision aims to better align with market volatility and maintain a resilient balance sheet.

Sasol (SSL) has released its production and sales metrics for the nine months ended March 31, 2025, revealing ongoing margin pressures due to global macro-economic challenges. The company's Southern Africa operations face coal quality issues at Secunda Operations, leading to a strategic reduction in coal production by ~2mt in favor of higher quality purchased coal. The destoning project remains on track for H1 FY26 completion, with costs under R1 billion.

Production disruptions occurred due to a fire incident at Natref and an unplanned outage at Secunda Operations in Q3 FY25. International Chemicals revenue increased in Q3 FY25, despite lower sales volumes due to operational outages in America. The company completed its exit from the US Phenolics business in March 2025 and received renewed atmospheric emissions licenses for key operations.

Financial guidance for FY25 remains largely unchanged, with cash fixed costs expected to stay below inflation and capital expenditure projected at the lower end of R28-R30 billion range. Mining production outlook has been revised to 28-30 mt, with costs between R650-R670 per ton.

Sasol (SSL) has announced it will host a Capital Markets Day (CMD) on Tuesday, May 20, 2025, at Sasol Place in Sandton. The event will feature a live webcast, with registration and dial-in details to be published on the company's website.

The presentation materials will be made available on Sasol's website on the morning of the event. Interested parties can contact VP Investor Relations Tiffany Sydow for additional information.

Sasol (SSL) reported challenging financial results for H2 2024, with revenue declining 10% to R122.1 billion. The company's performance was impacted by a 13% decline in average Rand per barrel Brent crude oil price and a 5% decrease in sales volumes.

Adjusted EBITDA fell 15% to R23.9 billion, while EBIT decreased 40% to R9.5 billion. The company recorded impairments of R5.6 billion for its Secunda and Sasolburg refineries. Basic EPS decreased 52% to R7.22, and HEPS fell 31% to R14.13.

Despite challenges, cash generated from operating activities increased 20% to R17.6 billion. Total debt stood at R116.9 billion (US$6.2 billion), with net debt at R81.8 billion (US$4.3 billion). Due to negative free cash flow of R1.1 billion and net debt exceeding the US$4 billion trigger, no interim dividend was declared.