- Destoning plant construction complete, start-up by year-end to improve coal quality and cash generation.
- Natref's first low carbon boiler installed; second to be commissioned by month-end for Clean Fuels 2 compliance.
- International Chemicals' adjusted EBITDA rose by over $120 million, with margins up from 6% to 9%.
- Secured over 900 MW renewable power in South Africa, with Damlaagte solar PV plant adding 97.5 MW.
Financial Performance
Sasol reported a 75% increase in free cash flow for FY25, despite challenging conditions. The company achieved a significant improvement in basic earnings per share, rising over 100% to R10.60, and headline earnings per share increased by 93% to R35.13. Net debt was reduced by 11% to US$3.7 billion, supported by strong free cash flow generation and a liquidity position exceeding US$4 billion.
Operational Developments
The construction of the Destoning plant is complete, with start-up activities underway, aiming for full operation by year-end. This development is expected to enhance coal quality and cash generation. Natref has progressed towards Clean Fuels 2 compliance with the installation of its first low carbon boiler, and the second is set for commissioning by the end of the month.
International Chemicals and Emission Reduction
International Chemicals achieved an adjusted EBITDA increase of over US$120 million, with margins improving from 6% to 9%. Sasol's Emission Reduction Roadmap is on track, with over 900 MW of renewable power secured in South Africa. The Damlaagte solar PV plant, contributing 97.5 MW, is now operational, enhancing Sasol's renewable energy capacity to 169.5 MW.
