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PRNewsWire
1 month ago
SASOL LIMITED: TRADING STATEMENT FOR THE YEAR ENDED 30 JUNE 2025
JOHANNESBURG , Aug. 12, 2025 /PRNewswire/ -- We refer to the SENS announcement of 22 July 2025, on the release of the quarterly production and sales metrics, where Sasol indicated that earnings per share (EPS) are expected to increase by more than 20%. In terms of paragraph 3.4(b)(i) of the Listing Requirement of the JSE Limited, stakeholders are advised that, for the year ended 30 June 2025: Earnings per share (EPS) is expected to increase by more than 100% compared to the prior year, to between R7,00 and R12,00 (prior year loss per share of R69,94); and Headline earnings per share (HEPS) is expected to increase by between 85% and 100% compared to the prior year, to be between R33,60 and R36,30 (prior year HEPS of R18,19); and Adjusted earnings before interest, tax, depreciation and amortisation (adjusted EBITDA*) is expected to decrease by between 10% and 17% compared to the prior year, to between R50 billion and R54 billion (prior year adjusted EBITDA of R60 billion) The increase in earnings for the year was supported by management actions and driven by: An increase in the average chemicals basket prices and strict cost control; Significantly lower impairments of R20,7 billion (before tax) (summary below), compared to R74,9 billion in the prior year; The derecognition of deferred tax asset in the prior year of R15,3 billion, mainly relating to an assessed loss carry forward on our Chemicals America operations which is not anticipated to be utilised; Transnet SOC Limited net cash settlement of R4,3 billion (before tax); and Reduction in asset rehabilitation provision of R2,9 billion in the current year compared to a reduction of R0,8 billion in the prior year; The increase in earnings was partially offset by: A 15% decline in the average Rand per barrel of Brent crude oil price as well as a significant decline in refining margins and fuel price differentials; A 3% decrease in sales volumes associated with lower production and/or lower market demand as detailed in the Production and Sales Metrics published on 22 July 2025, which can be found on our website: https://www.sasol.com/index.php/investor-centre/financial-results; and Lower unrealised gains of R2 billion on the translation of monetary assets and liabilities, and valuation of financial instruments and derivative contracts compared to unrealised gains of R4,7 billion in the prior year.
