Integrated_Annual_Report_2026 - Flipbook - Page 40
INTRODUCTION
SASOL AT A
GLANCE
DRIVING SUSTAINABLE
VALUE CREATION
EXECUTING
STRATEGY
DELIVERING
BUSINESS VALUE
SUMMARISED FINANCIAL
PERFORMANCE
CORPORATE
GOVERNANCE
SUSTAINABILITY
REPORT
REMUNERATION
REPORT
ASSURANCE/
ADMINISTRATION
STRATEGY
Delivering full potential while positioning for long-term value
Sasol’s strategic intent is to enhance
near-term value delivery while laying the
foundations for sustainable long-term growth.
This is underpinned by disciplined execution, portfolio resilience and rigorous capital allocation, guided by clear trade-offs between performance,
balance sheet strength and the pace of transformation. Through this approach, Sasol aims to build a more resilient, competitive and future-ready
business, aligned with integrated value creation and supported by clear delivery against defined targets.
Strategic objective
S1
Southern Africa Energy and Chemicals
Strategic pillar
1
Restore and stabilise the Southern Africa integrated value chain to be a reliable supplier and deliver competitive
costs and resilient cash generation through the cycle.
STRENGTHEN
FOUNDATION
Business of
today
Priorities
Improve coal feedstock quality and
mining performance
Restore operational reliability across
the value chain
FY26
Enhance cost competitiveness
and margins
OUTLOOK
US$50/bbl oil
breakeven for
value chain by
FY28.
FY27 TARGET
US$53 –
US$58/bbl
US$55 – US$60/bbl oil breakeven.
oil breakeven
Delivered SA brent oil breakeven US$49/bbl.
(Includes~US$6 – 9/bbl impact)*
* Includes the benefit of no SO shutdown in FY26 and a more supportive macro-economic environment in Q4 FY26
Strategic objective
S2
International Chemicals (IC)
Reset to deliver structurally competitive margins, strong cash generation in line with peers through the cycle, and
leading customer focus among peers.
OUTLOOK
Priorities
EBITDA:
US$750 –
US$850
million and
>15% EBITDA
margin by
FY28.
Improved EBITDA performance
over the cycle
Improve portfolio resilience
and returns
FY26
Reduce fixed costs and reset
the operating model
FY27 TARGET
EBITDA**: US$375 – 450 million
EBITDA margin: 8 – 10%
EBITDA:
US$450 –
600 million
Delivered US$604 million Adjusted EBITDA
EBITDA margin 12%.
(Includes ~US$150 – 200m EBITDA and 2 – 3% EBITDA margin impact)***
** Earnings before interest, tax, depreciation and amortisation
EBITDA margin:
10 – 12%
*** Includes the benefit of a more supportive macro-economic environment in in Q4 FY26
SASOL INTEGRATED REPORT 2026
39
