Integrated_Annual_Report_2026 - Flipbook - Page 74
INTRODUCTION
DRIVING SUSTAINABLE
VALUE CREATION
SASOL AT A
GLANCE
EXECUTING
STRATEGY
DELIVERING
BUSINESS VALUE
SUMMARISED FINANCIAL
PERFORMANCE
CORPORATE
GOVERNANCE
SUSTAINABILITY
REPORT
REMUNERATION
REPORT
ASSURANCE /
ADMINISTRATION
PERFORMANCE OVERVIEW CONTINUED
For the year ended 30 June
Cash generated by operating activities
2026
Rm
2025
Rm
2024
Rm
R42 billion
Cash receipts from customers
267 407
247 982
272 017
Proceeds from long-term debt
Cash paid to suppliers and employees
(225 437)
(200 179)
(219 696)
R19 million
Cash generated by operating activities
41 970
47 803
52 321
Dividends received from equity accounted investments
1 410
3 211
1 639
Finance income received
2 300
2 818
3 211
Finance costs paid
(7 063)
(7 998)
(8 638)
Tax paid
(5 624)
(7 293)
(10 932)
Cash available from operating activities
32 993
38 541
37 601
–
(28)
(7 633)
(513)
(205)
(217)
Repayment of long-term debt
R24 billion
Dividends paid
Cash available from operating activities
Year
26
33,0
0
25
38,5
24
37,6
41,2
23
0
20
40
Cash retained from operating activities
32 480
38 308
29 751
Additions to non-current assets
(21 104)
(25 983)
(30 428)
(20 751)
(25 345)
(30 074)
49,6
60
Rand billion
Cash available from operating activities decreased
from R38,5bn in 2025 to R33,0bn in 2026,
mainly due to a high working capital investment
which was partly offset by higher cash flow from
operations reflecting stronger operational
performance.
Cash generated by operating activities
Cash generated by operating activities decreased by
12% to R42,0 billion compared to the prior year despite
higher earnings, due to higher year-end working capital
driven by higher pricing in the fourth quarter of 2026,
the impact of utilising Prax shareholding at Natref and
higher fuel volumes at year end.
Tax paid
Tax paid decreased compared to the prior year mainly
due to a tax refund received in 2026 of R1,2 billion,
relating to Section 12L allowances in South Africa.
Dividends paid
No dividends were declared in the current year. The last
dividend declared was at interim 2024.
Proceeds from and repayment of longterm debt
52
53
9
(189)
(1 055)
(173)
On 23 July 2025, SFIL issued a floating rate bond of
R5,3 billion. In exchange, SFIL received US$300 million.
The bond is guaranteed by Sasol Limited, has a 5 year
maturity, bears quarterly interest, is repayable in ZAR
with covenants similar to those in the existing US$ bond
documents and no new covenants were introduced.
2033 US$ bond of US$750 million (R12,3 billion)
was issued in April 2026, the proceeds were used to
partially repurchase the 2028 and 2029 US$ bonds
(R12,3 billion). The result of the transaction being debtneutral, while extending the debt maturity.
Proceeds from sale of investments
108
946
69
Cash and cash equivalents
Long-term receivables repaid
576
511
357
Long-term receivables granted
(1 188)
(431)
(298)
Our net cash on hand position increased from R41 billion
at 30 June 2025 to R43 billion at 30 June 2026
mainly attributable to lower capital expenditure and the
debt optimisation negated by lower cash available from
operating activities due to the working capital increase.
additions to property, plant and equipment
41,2
22
Dividends paid to non-controlling shareholders in subsidiaries
Commentary
additions to other intangible assets
(121)
(68)
(85)
decrease in capital project related payables
(232)
(570)
(269)
(113)
Cash contribution to equity accounted investments
(80)
(63)
Proceeds on disposals equity accounted investments
126
–
–
Proceeds on disposals and scrappings
215
372
129
Proceeds from assets held for sale
Purchase of investments
Increase in long-term restricted cash
Cash used in investing activities
(204)
(236)
(209)
(21 688)
(25 886)
(30 657)
Proceeds from long-term debt
18 579
471
30 692
Repayment of long-term debt
(23 651)
(14 060)
(35 468)
Payment of lease liabilities
(2 800)
(3 077)
(2 698)
Proceeds from short-term debt
3 977
3 613
2 691
Repayment of short-term debt
(3 397)
(3 556)
(2 183)
Cash used in financing activities
(7 292)
(16 609)
(6 966)
Translation effects on cash and cash equivalents
(1 363)
(26)
(633)
Increase/(decrease) in cash and cash equivalents
2 137
(4 213)
(8 505)
Cash and cash equivalents at the beginning of year
41 049
45 262
53 767
Cash and cash equivalents at the end of the year
43 186
41 049
45 262
SASOL INTEGRATED REPORT 2026
73
