Sasol Reports Record Production and Strong Cash Flow in FY26

Earnings
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Summary · why it matters

Sasol Ltd announced its fiscal year 2026 results, with adjusted EBITDA rising 17% to ZAR61 billion and free cash flow of approximately ZAR12 billion. The company reduced net debt by 11% to USD3.3 billion, the lowest in 10 years, and cut capital expenditure by 18% to ZAR21 billion. Secunda production hit a five-year high of 7.26 million tonnes, and the Southern African oil breakeven fell to $49 per barrel. International Chemicals delivered adjusted EBITDA of USD604 million, while sales volumes increased 4%. However, working capital stood at 18.3% on a 12-month turnover basis, above the target of 15.5% to 16.5%, and the company faced challenges including the tragic loss of two colleagues and impairments on certain assets.

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