NYSE : SSL
Sasol Limited — Financial statements
Materials · Specialty Chemicals · South Africa
Last price 17.44 USD (Oct 30, 2026, 9:30 AM EDT) · Market cap 11.17B
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Financial statements
Sasol Limited (SSL) reported revenue of 272.12B ZAR (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in ZAR.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 272.12B | 272.12B | 249.10B | 275.11B | 289.70B | 272.75B |
| Cost of Revenue | 152.90B | 152.90B | 144.66B | 153.40B | 167.37B | 137.32B |
| Gross Profit | 119.22B | 119.22B | 104.43B | 121.71B | 122.32B | 135.43B |
| Selling, General & Admin | 46.31B | 46.31B | 44.93B | 45.91B | 44.06B | 41.16B |
| Other Operating Expenses | 12.78B | 12.78B | 7.76B | 12.96B | 7.17B | 29.79B |
| Operating Expenses | 72.70B | 72.70B | 66.99B | 74.57B | 68.63B | 85.03B |
| Operating Income | 46.52B | 46.52B | 37.44B | 47.14B | 53.70B | 50.40B |
| Interest Expense | -9.35B | -9.35B | -9.26B | -10.22B | -9.11B | -5.77B |
| Interest & Investment Income | 2.33B | 2.33B | 2.92B | 3.23B | 2.25B | 1.02B |
| Earnings From Equity Investments | 79.00M | 79.00M | 1.62B | 1.76B | 2.62B | 3.13B |
| Currency Exchange Gain (Loss) | -3.60B | -3.60B | -897.00M | -839.00M | -1.80B | -3.04B |
| Other Non Operating Income (Expenses) | -63.00M | -63.00M | -201.00M | -203.00M | -146.00M | -169.00M |
| EBT Excluding Unusual Items | 35.92B | 35.92B | 31.63B | 40.86B | 47.51B | 45.56B |
| Gain (Loss) on Sale of Investments | -462.00M | -462.00M | ||||
| Gain (Loss) on Sale of Assets | -510.00M | -510.00M | 1.31B | -480.00M | 650.00M | 8.46B |
| Asset Writedown | -16.35B | -16.35B | -20.66B | -74.89B | -33.65B | 1.44B |
| Other Unusual Items | 74.00M | |||||
| Pretax Income | 18.61B | 18.61B | 12.28B | -34.51B | 14.51B | 55.54B |
| Income Tax Expense | 4.15B | 4.15B | 4.56B | 9.74B | 5.18B | 13.87B |
| Earnings From Continuing Operations | 14.46B | 14.46B | 7.73B | -44.24B | 9.33B | 41.67B |
| Minority Interest in Earnings | -2.31B | -2.31B | -959.00M | -26.00M | -534.00M | -2.72B |
| Net Income | 12.15B | 12.15B | 6.77B | -44.27B | 8.80B | 38.96B |
| Net Income to Common | 12.15B | 12.15B | 6.77B | -44.27B | 8.80B | 38.96B |
| Shares Outstanding (Basic) | 639.70M | 639.70M | 638.20M | 633.00M | 628.40M | 624.90M |
| Shares Outstanding (Diluted) | 648.50M | 648.50M | 642.00M | 633.00M | 661.90M | 634.90M |
| EPS (Basic) | 18.99 | 18.99 | 10.60 | -69.94 | 14.00 | 62.34 |
| EPS (Diluted) | 18.73 | 18.73 | 10.54 | -69.94 | 13.02 | 61.36 |
| Free Cash Flow | 11.73B | 11.73B | 12.99B | 7.31B | 18.45B | 17.16B |
| Free Cash Flow Per Share | 18.09 | 18.09 | 20.23 | 11.55 | 27.87 | 27.02 |
| Dividend Per Share | 2.00 | 17.00 | 14.70 | |||
| Gross Margin | 43.81% | 43.81% | 41.92% | 44.24% | 42.23% | 49.65% |
| Operating Margin | 17.10% | 17.10% | 15.03% | 17.14% | 18.54% | 18.48% |
| Profit Margin | 4.46% | 4.46% | 2.72% | -16.09% | 3.04% | 14.28% |
| Free Cash Flow Margin | 4.31% | 4.31% | 5.21% | 2.66% | 6.37% | 6.29% |
| EBITDA | 57.72B | 57.72B | 49.24B | 62.83B | 71.09B | 64.47B |
| EBITDA Margin | 21.21% | 21.21% | 19.77% | 22.84% | 24.54% | 23.64% |
| D&A For EBITDA | 11.20B | 11.20B | 11.80B | 15.69B | 17.39B | 14.07B |
| EBIT | 46.52B | 46.52B | 37.44B | 47.14B | 53.70B | 50.40B |
| EBIT Margin | 17.10% | 17.10% | 15.03% | 17.14% | 18.54% | 18.48% |
| Effective Tax Rate | 22.30% | 22.30% | 37.09% | 35.70% | 24.97% |
Balance sheet
Fiscal year July - June; amounts in ZAR.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 43.30B | 43.30B | 41.05B | 45.38B | 53.93B | 43.14B |
| Trading Asset Securities | 3.83B | 3.83B | 3.17B | 2.17B | 1.24B | |
| Cash & Short-Term Investments | 47.14B | 47.14B | 44.22B | 47.56B | 55.16B | 43.14B |
| Accounts Receivable | 31.26B | 31.26B | 29.47B | 27.44B | 26.54B | 32.32B |
| Other Receivables | 12.84B | 12.84B | 10.18B | 7.99B | 7.26B | 12.97B |
| Receivables | 44.10B | 44.10B | 39.65B | 35.44B | 33.81B | 45.29B |
| Inventory | 50.32B | 50.32B | 41.79B | 40.72B | 42.20B | 41.11B |
| Prepaid Expenses | 2.05B | 2.05B | 2.00B | 1.55B | 2.51B | 2.12B |
| Other Current Assets | 2.42B | 2.42B | 2.50B | 1.46B | 845.00M | 603.00M |
| Total Current Assets | 146.03B | 146.03B | 130.15B | 126.72B | 134.53B | 132.26B |
| Property, Plant & Equipment | 158.09B | 158.09B | 169.88B | 175.94B | 237.16B | 233.94B |
| Long-Term Investments | 14.12B | 14.12B | 15.97B | 17.28B | 16.97B | 15.13B |
| Other Intangible Assets | 2.50B | 2.50B | 2.35B | 2.46B | 3.19B | 3.05B |
| Long-Term Deferred Tax Assets | 35.87B | 35.87B | 35.80B | 37.19B | 37.72B | 31.20B |
| Other Long-Term Assets | 4.44B | 4.44B | 2.52B | 2.33B | 1.47B | 1.38B |
| Total Assets | 363.82B | 363.82B | 359.56B | 364.98B | 433.84B | 419.55B |
| Accounts Payable | 28.66B | 28.66B | 28.27B | 24.97B | 26.31B | 26.89B |
| Accrued Expenses | 8.47B | 8.47B | 8.70B | 8.75B | 9.60B | 10.01B |
| Short-Term Debt | 1.27B | 1.27B | 667.00M | 687.00M | 238.00M | 255.00M |
| Current Portion of Long-Term Debt | 24.50B | 24.50B | 14.09B | 13.16B | 41.75B | 22.33B |
| Current Portion of Leases | 1.75B | 1.75B | 2.18B | 2.26B | 1.92B | 1.77B |
| Current Income Taxes Payable | 1.05B | 1.05B | 636.00M | 1.11B | 1.88B | 3.14B |
| Current Unearned Revenue | 947.00M | 947.00M | 625.00M | 320.00M | 966.00M | 724.00M |
| Other Current Liabilities | 15.03B | 15.03B | 14.26B | 15.33B | 19.39B | 26.66B |
| Total Current Liabilities | 81.67B | 81.67B | 69.44B | 66.60B | 102.05B | 91.78B |
| Long-Term Debt | 67.87B | 67.87B | 88.55B | 103.87B | 82.32B | 82.50B |
| Long-Term Leases | 15.69B | 15.69B | 15.18B | 15.17B | 14.38B | 14.27B |
| Long-Term Unearned Revenue | 199.00M | 199.00M | 229.00M | 446.00M | 465.00M | 372.00M |
| Pension & Post-Retirement Benefits | 11.62B | 11.62B | 12.12B | 11.36B | 11.34B | 10.06B |
| Long-Term Deferred Tax Liabilities | 2.77B | 2.77B | 3.48B | 5.21B | 5.29B | 10.55B |
| Other Long-Term Liabilities | 13.96B | 13.96B | 12.95B | 14.91B | 16.46B | 16.83B |
| Total Liabilities | 193.78B | 193.78B | 201.94B | 217.55B | 232.31B | 226.35B |
| Common Stock | 9.89B | 9.89B | 9.89B | 9.89B | 9.89B | 9.89B |
| Retained Earnings | 104.80B | 104.80B | 91.97B | 84.54B | 135.71B | 139.25B |
| Comprehensive Income & Other | 48.37B | 48.37B | 50.57B | 48.58B | 51.31B | 39.48B |
| Total Common Equity | 163.06B | 163.06B | 152.43B | 143.00B | 196.90B | 188.62B |
| Minority Interest | 6.98B | 6.98B | 5.18B | 4.42B | 4.62B | 4.57B |
| Shareholders' Equity | 170.03B | 170.03B | 157.61B | 147.43B | 201.52B | 193.20B |
| Total Liabilities & Equity | 363.82B | 363.82B | 359.56B | 364.98B | 433.84B | 419.55B |
| Total Debt | 111.08B | 111.08B | 120.67B | 135.16B | 140.60B | 121.12B |
| Net Cash (Debt) | -63.95B | -63.95B | -76.45B | -87.60B | -85.44B | -77.98B |
| Net Cash Per Share | -98.61 | -98.61 | -119.08 | -138.39 | -129.08 | -122.83 |
| Filing Date Shares Outstanding | 654.09M | 654.09M | 639.05M | 635.42M | 630.29M | 625.43M |
| Total Common Shares Outstanding | 654.09M | 654.09M | 639.05M | 635.42M | 630.29M | 625.43M |
| Working Capital | 64.35B | 64.35B | 60.72B | 60.12B | 32.48B | 40.48B |
| Book Value Per Share | 249.29 | 249.29 | 238.52 | 225.06 | 312.40 | 301.59 |
| Tangible Book Value | 160.55B | 160.55B | 150.08B | 140.54B | 193.71B | 185.57B |
| Tangible Book Value Per Share | 245.46 | 245.46 | 234.84 | 221.18 | 307.34 | 296.71 |
| Land | 4.49B | 4.49B | 4.84B | 4.85B | 5.02B | 4.36B |
| Buildings | 24.37B | 24.37B | 24.85B | 24.25B | 24.25B | 21.47B |
| Machinery | 399.57B | 399.57B | 408.72B | 398.68B | 399.60B | 356.42B |
| Construction In Progress | 10.74B | 10.74B | 28.27B | 33.70B | 26.44B | 30.62B |
Cash flow statement
Fiscal year July - June; amounts in ZAR.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 12.15B | 12.15B | 6.77B | -44.27B | 8.80B | 38.96B |
| Depreciation & Amortization | 13.60B | 13.60B | 14.30B | 15.69B | 17.39B | 14.07B |
| Loss (Gain) From Sale of Assets | 510.00M | 510.00M | -1.31B | 480.00M | -650.00M | -8.46B |
| Asset Writedown & Restructuring Costs | 16.35B | 16.35B | 20.66B | 74.89B | 33.65B | -1.44B |
| Loss (Gain) From Sale of Investments | 462.00M | 462.00M | ||||
| Loss (Gain) on Equity Investments | -79.00M | -79.00M | -1.62B | -1.76B | -2.62B | -3.13B |
| Stock-Based Compensation | 918.00M | 918.00M | 914.00M | 986.00M | 1.03B | 1.16B |
| Other Operating Activities | 3.81B | 3.81B | -2.44B | -3.57B | -16.04B | 11.53B |
| Change in Accounts Receivable | -4.71B | -4.71B | -1.11B | -3.09B | 9.00B | -9.41B |
| Change in Inventory | -11.44B | -11.44B | -457.00M | -54.00M | 1.91B | -12.28B |
| Change in Accounts Payable | 1.42B | 1.42B | 2.85B | -1.69B | -2.87B | 10.16B |
| Operating Cash Flow | 32.48B | 32.48B | 38.34B | 37.38B | 49.18B | 40.30B |
| Capital Expenditures | -20.75B | -20.75B | -25.34B | -30.07B | -30.73B | -23.14B |
| Sale of Property, Plant & Equipment | 267.00M | 267.00M | 425.00M | 138.00M | 802.00M | 8.48B |
| Sale (Purchase) of Intangibles | -121.00M | -121.00M | -68.00M | -85.00M | -128.00M | -120.00M |
| Investment in Securities | -35.00M | -35.00M | -172.00M | -217.00M | -182.00M | -192.00M |
| Other Investing Activities | -1.05B | -1.05B | -726.00M | -419.00M | 2.00B | -107.00M |
| Investing Cash Flow | -21.69B | -21.69B | -25.89B | -30.66B | -28.23B | -15.08B |
| Short-Term Debt Issued | 3.98B | 3.98B | 3.61B | 2.69B | 1.79B | 28.00M |
| Long-Term Debt Issued | 18.58B | 18.58B | 471.00M | 30.69B | 95.03B | 88.00M |
| Total Debt Issued | 22.56B | 22.56B | 4.08B | 33.38B | 96.82B | 116.00M |
| Short-Term Debt Repaid | -3.40B | -3.40B | -3.56B | -2.18B | -1.80B | -15.00M |
| Long-Term Debt Repaid | -26.45B | -26.45B | -17.14B | -38.17B | -93.83B | -15.05B |
| Lease Payments | -2.80B | -2.80B | -3.08B | -2.70B | -2.27B | -2.26B |
| Total Debt Repaid | -29.85B | -29.85B | -20.69B | -40.35B | -95.63B | -15.07B |
| Net Debt Issued (Repaid) | -7.29B | -7.29B | -16.61B | -6.97B | 1.19B | -14.95B |
| Common Dividends Paid | -28.00M | -7.63B | -13.75B | -49.00M | ||
| Financing Cash Flow | -7.29B | -7.29B | -16.64B | -14.60B | -12.57B | -15.00B |
| Foreign Exchange Rate Adjustments | -1.36B | -1.36B | -26.00M | -633.00M | 2.42B | 1.76B |
| Net Cash Flow | 2.14B | 2.14B | -4.21B | -8.51B | 10.80B | 11.98B |
| Free Cash Flow | 11.73B | 11.73B | 12.99B | 7.31B | 18.45B | 17.16B |
| Free Cash Flow Margin | 4.31% | 4.31% | 5.21% | 2.66% | 6.37% | 6.29% |
| Free Cash Flow Per Share | 18.09 | 18.09 | 20.23 | 11.55 | 27.87 | 27.02 |
| Levered Free Cash Flow | 5.58B | 5.58B | 2.66B | 2.13B | 15.91B | 22.12B |
| Unlevered Free Cash Flow | 11.43B | 11.43B | 8.44B | 8.52B | 21.61B | 25.73B |
| Free Cash Flow After Leases | 8.93B | 8.93B | 9.91B | 4.61B | 16.18B | 14.89B |
| Cash Interest Paid | 7.06B | 7.06B | 8.00B | 8.64B | 7.08B | 5.48B |
| Cash Income Tax Paid | 5.62B | 5.62B | 7.29B | 10.93B | 13.95B | 13.53B |
| Change in Working Capital | -14.72B | -14.72B | 1.28B | -4.84B | 8.05B | -11.54B |
Ratios
Fiscal year July - June; amounts in ZAR.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 10.96B | 6.24B | 2.77B | 4.74B | 7.74B | 14.07B |
| Enterprise Value | 15.20B | 11.27B | 8.51B | 10.51B | 12.89B | 20.23B |
| Last Close Price | 17.22 | 9.82 | 4.42 | 7.61 | 11.84 | 20.79 |
| PE Ratio | 15.34 | 8.43 | 7.28 | 16.56 | 5.91 | |
| PS Ratio | 0.66 | 0.38 | 0.20 | 0.31 | 0.50 | 0.84 |
| PB Ratio | 1.06 | 0.60 | 0.31 | 0.59 | 0.72 | 1.19 |
| P/TBV Ratio | 1.12 | 0.64 | 0.33 | 0.61 | 0.75 | 1.24 |
| P/FCF Ratio | 15.59 | 8.73 | 3.79 | 11.83 | 7.90 | 13.42 |
| P/OCF Ratio | 5.63 | 3.15 | 1.28 | 2.31 | 2.96 | 5.71 |
| EV/Sales Ratio | 0.92 | 0.68 | 0.61 | 0.70 | 0.84 | 1.21 |
| EV/EBITDA Ratio | 4.32 | 3.20 | 3.07 | 3.05 | 3.41 | 5.14 |
| EV/EBIT Ratio | 5.36 | 3.97 | 4.04 | 4.07 | 4.52 | 6.57 |
| EV/FCF Ratio | 21.62 | 15.76 | 11.63 | 26.25 | 13.16 | 19.30 |
| Debt / Equity Ratio | 0.65 | 0.65 | 0.77 | 0.92 | 0.70 | 0.63 |
| Debt / EBITDA Ratio | 1.85 | 1.85 | 2.33 | 2.15 | 1.98 | 1.88 |
| Debt / FCF Ratio | 9.47 | 9.47 | 9.29 | 18.49 | 7.62 | 7.06 |
| Net Debt / Equity Ratio | 0.38 | 0.38 | 0.48 | 0.59 | 0.42 | 0.40 |
| Net Debt / EBITDA Ratio | 1.11 | 1.11 | 1.55 | 1.39 | 1.20 | 1.21 |
| Net Debt / FCF Ratio | 5.45 | 5.45 | 5.88 | 11.98 | 4.63 | 4.54 |
| Asset Turnover | 0.75 | 0.75 | 0.69 | 0.69 | 0.68 | 0.70 |
| Inventory Turnover | 3.32 | 3.32 | 3.51 | 3.70 | 4.02 | 3.88 |
| Quick Ratio | 1.12 | 1.12 | 1.21 | 1.25 | 0.87 | 0.96 |
| Current Ratio | 1.79 | 1.79 | 1.87 | 1.90 | 1.32 | 1.44 |
| Return on Equity (ROE) | 8.82% | 8.82% | 5.07% | -25.36% | 4.73% | 24.11% |
| Return on Assets (ROA) | 8.04% | 8.04% | 6.46% | 7.38% | 7.87% | 8.07% |
| Return on Invested Capital (ROIC) | 15.45% | 15.45% | 10.04% | 18.06% | 12.37% | 14.80% |
| Return on Capital Employed (ROCE) | 16.50% | 16.50% | 12.90% | 15.80% | 16.20% | 15.40% |
| Earnings Yield | 6.52% | 11.86% | 13.74% | -51.20% | 6.04% | 16.92% |
| FCF Yield | 6.42% | 11.45% | 26.38% | 8.45% | 12.66% | 7.45% |
| Dividend Yield | 1.47% | 7.35% | 3.99% | |||
| Payout Ratio | 0.41% | 156.31% | 0.13% | |||
| Buyback Yield / Dilution | -1.01% | -1.01% | -1.42% | 4.37% | -4.25% | -1.13% |
| Total Shareholder Return | -1.01% | -1.01% | -1.42% | 5.84% | 3.10% | 2.86% |