Integrated_Annual_Report_2026 - Flipbook - Page 55
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
Gas MC
Chemicals Africa MC
FC
Market conditions for Chemicals Africa showed signs of
improvement following supply disruptions in the Middle
East and emerging pricing momentum towards the latter
part of the year. While pricing became more favourable
from March 2026 onwards, the pace and sustainability
of a full market recovery remains uncertain. Structural
over-capacities are expected to persist for the rest of
this decade, together with tariff and trade uncertainties.
Gas remained a strategically important contributor to EBITDA in
FY26, supporting the resilience of Sasol’s integrated Southern
Africa value chain. In a structurally supply-constrained environment,
the business prioritised security of supply and value preservation,
balancing internal requirements with external customer commitments.
Production performance for the year reflected a combination of
expected and operational factors. Production was lower than the
prior year, primarily driven by the natural decline in existing PPA wells,
together with weather related constraints (flooding) and project
execution timing.
Despite these constraints, gas supply continuity to customers was
maintained through active system management, disciplined allocation
and coordinated execution across the value chain. Increased
contribution from the PSA supported supply stability, partially
offsetting declines from mature fields.
The business continues to progress key medium-term initiatives
to sustain supply, including development of PSA infrastructure,
optimisation of existing operations, and implementation of bridging
solutions such as Methane Rich Gas (MRG) to support market
continuity during the transition to liquified natural gas (LNG).
In this context, gas remains a critical enabler of operational stability
across the Sasol value chain.
FC
Fuels MC
FC
Liquid fuels delivered a strong performance in
FY26, underpinned by sustained production
stability and robust demand conditions across
key fuel channels. Total fuels sales volumes
closed 13% ahead of prior year, driven by higher
Natref utilisation, improved Secunda performance
and continued strength across Mobility and
Commercial markets.
Mobility delivered a record year, supported by site
activations, operational excellence, premium brand
strategy and disciplined execution across the retail
network. Volumes closed 6% above prior year, with
market share strengthening year-on-year.
Commercial sales volumes, including exports,
also exceeded prior year by 18%, demonstrating
progress in shifting sales volumes to higher margin
channels.
Fuel supply security is essential to meeting delivery
requirements and supporting the economy,
especially when global systems are under pressure.
Against this backdrop, Sasol helped safeguard
South Africa’s security of fuel supply, reinforcing
economic resilience during a period of heightened
geopolitical tensions in the Middle East.
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The business focused on maintaining disciplined
sales run rates through the second half of the year
to balance production momentum. This approach
supported inventory containment within targeted ranges
and positioned full year sales volumes 5% above the
prior year.
