Integrated_Annual_Report_2026 - Flipbook - Page 54
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
STRENGTHEN OUR FOUNDATION CONTINUED
Southern Africa Energy and Chemicals continued
Operations MC
FC
SO’s production volumes of 7,26 million tons for FY26 reflected an improvement compared to FY25 volumes of
6,72 million tons. Performance during FY26 reflected improved operational momentum, supported by increased
production, progressive improvements in gasifier availability, and enhanced factory stability, particularly in the latter part
of the year. While lower natural gas supply to SO following events such as flooding continued to present constraints, the
operation demonstrated increased resilience and stronger overall performance throughout the year.
Mining MC
FC
NC
Sasol Mining’s primary objective continues
to be enhancing the quality, cost and volume
of coal supplied to the Southern Africa
operations. The destoning plant commenced
beneficial operations in December 2025,
which enabled the reactivation of previously
closed low-quality sections during HY26.
Processing coal through the destoning
facility led to improved product quality and
reduced reliance on external coal purchases.
Consequently, mining saleable production
for FY26 reached 28,4 mt, representing a
1% increase over 2025, while external coal
procurement declined by 12%.
The proportion of sinks has shown notable
improvement since the commissioning of the
destoning plant, now positioned at sinks less
than 12%.
Targeted interventions to improve coal quality, including changes in mining execution and destoning initiatives, together
with focused reliability improvements on gasifiers, continued to gain traction during FY26. These actions supported
improved operational predictability and increased pure gas production underpinning the pathway toward sustained
volume recovery and strengthened profitability over the medium term.
Sasolburg Operations delivered a
Natref delivered a strong FY26
stable operating performance during
FY26, supported by disciplined plant
operation and effective integration with
the broader value chain.
operating performance, with production
approximately 76% higher year-onyear, supported by stable crude supply,
high utilisation and additional PRAX
SA shareholding capacity. The refinery
operated reliably throughout the year
without disruption from Middle East
conflict, enabling sustained throughput
and elevated operating rates that
contributed positively to Group liquid
fuels output and value creation. Sasol
will continue to utilise Prax SA’s
shareholding capacity until the merger
and acquisition (M&A) process is
concluded.
Operational flexibility enabled
optimisation of product routing,
supporting higher margin fuels and
chemicals markets amid variable market
conditions.
The asset continued to play a key
role in value protection and margin
enhancement, reinforcing its strategic
importance within Sasol’s Southern
Africa operations.
Mining costs per sales ton remained aligned
with the guidance range of R700 – R750
throughout the year.
External sales were systematically
discontinued in Q1 FY26, as planned,
following the successful commissioning of
the destoning plant.
SASOL INTEGRATED REPORT 2026
53
ORYX GTL was safely
shutdown in March 2026,
and put in preservation
status in response to regional
tensions in the Middle
East. Start-up activities
and production ramp-up
commenced in August
2026, demonstrating the
effectiveness of the asset
preservation measures
implemented during the
shutdown period.
Destoning
plant
operational
7,26mt
production from
Secunda Operations
PSA Gas
development online
(Mozambique)
57,5 mmbbl
fuel sales, ahead of
guidance
US$
49/bbl
oil breakeven in
FY26
