SASOL LIMITED - Trading Statement for the Year Ended 30 June 2026

What this filing means

Sasol guides FY2026 adjusted EBITDA 12%–20% higher to R58–R62bn and HEPS 2%–14% up to R36–R40, with EPS soaring 65%–84% off a depressed base. Operating drivers look genuine — sales volumes up 4%, Brent crude +7%, refining margins more than doubled. But the share ran up 8.9% in the 20 days before the print, so the operating step-up is largely in the price. The flashy EPS recovery is mostly smaller impairments (R16.8bn vs R20.7bn), not core earnings acceleration.