SASOL Integrated Report 2025_Final_28 August 2025 - Flipbook - Page 58
INTRODUCTION
ABOUT SASOL
STRATEGIC OVERVIEW
PORTFOLIOS
ESG
REMUNERATION REPORT
DATA AND ASSURANCE / ADMINISTRATION
STATEMENT OF CASH FLOWS
For the year ended 30 June
2025
Rm
2024
Rm
2023
Rm
Cash receipts from customers
Cash paid to suppliers and employees
Cash generated by operating activities
Dividends received from equity accounted investments
Finance income received
Finance costs paid
Tax paid
Cash available from operating activities
Dividends paid
Dividends paid to non-controlling shareholders in
subsidiaries
Cash retained from operating activities
Additions to non-current assets
247 982
(200 179)
47 803
3 211
2 818
(7 998)
(7 293)
38 541
(28)
272 017
(219 696)
52 321
1 639
3 211
(8 638)
(10 932)
37 601
(7 633)
298 698
(234 061)
64 637
3 765
2 242
(7 083)
(13 952)
49 609
(13 754)
(205)
38 308
(25 983)
(217)
29 751
(30 428)
(433)
35 422
(30 247)
additions to property, plant and equipment
additions to other intangible assets
(25 345)
(68)
(30 074)
(85)
(30 726)
(128)
(decrease)/increase in capital project related payables
Cash contribution to equity accounted investments
Proceeds on disposals and scrapings
Proceeds from assets held for sale
Purchase of investments
Proceeds from sale of investments
(Increase)/decrease in long-term receivables
Cash used in investing activities
(570)
(63)
372
53
(1 055)
946
(156)
(25 886)
(269)
(113)
129
9
(173)
69
(150)
(30 657)
607
(95)
799
3
(243)
156
1 393
(28 234)
Cash generated by operating activities
R47,8 billion
Proceeds from long-term debt
R471 million
Repayment of long-term debt
R14 billion
Cash available from operating activities
25
38,5
0
37,6
Year
24
49,6
23
41,2
22
34,5
21
0
20
40
60
Rand billion
Cash available from operating activities increased
from R37,6bn to R38,5bn due to favourable
movement in working capital, lower cost and capital
spend, lower tax paid, an increase in dividends
received from equity accounted investments, partially
offset by lower adjusted EBITDA.
Proceeds from long-term debt
471
30 692
95 035
Repayment of long-term debt
(14 060)
(35 468)
(91 564)
Payment of lease liabilities
(3 077)
(2 698)
(2 269)
Proceeds from short-term debt
3 613
2 691
1 787
Repayment of short-term debt
(3 556)
(2 183)
(1 801)
Cash (used in)/generated by financing activities
(16 609)
(6 966)
1 188
Translation effects on cash and cash equivalents
(26)
(633)
2 424
(Decrease)/increase in cash and cash equivalents
(4 213)
(8 505)
10 800
Cash and cash equivalents at the beginning of year
45 262
3 767
42 967
Cash and cash equivalents at the end of the year
41 049
45 262
53 767
Commentary
Cash generated by operating activities
Cash generated by operating activities
decreased by 9% to R47,8 billion compared
to the prior year due to a decrease in working
capital compared to an increase in the prior
year, as well as lower EBITDA generation.
Finance costs paid
Finance costs paid decreased compared to
the prior year mainly as a result of the US
Dollar bond (US$0,75 billion) that was repaid
in full in the prior year and the deposit of
US$0,7 billion on the RCF in the current year.
Tax paid
Tax paid decreased compared to the prior
year mainly due to lower current year tax
charge as a result of a decrease in taxable
profits mainly in South Africa.
Dividends paid
No dividends were declared in the current
year, compared to an interim gross dividend
of R2,00 per share that was declared and
paid in March 2024.
Proceeds from and repayment of
long-term debt
In October 2024 US$0,3 billion (R5,4 billion)
was repaid on the RCF and another US$0,4
billion (R7,1 billion) was repaid in June 2025.
Compared to the prior year activities of an
issuance of senior unsecured notes to the
value of R2,4 billion in the local debt market
under the R15 billion Domestic Medium
Term Note (DMTN) programme, in March
2024 R27 billion (US$1,5 billion) was drawn
on the Revolving Credit Facility (RCF), the
US$1,5 billion (R28 billion) US Dollar bond
was repaid in March 2024, and partial
settlements of R5,5 billion (US$0,3 billion)
were made in May and June 2024 on the RCF.
Cash and cash equivalents
Our net cash on hand position decreased
from R45 billion at 30 June 2024 to R41
billion at 30 June 2025 mainly attributable
to lower cash available from operating
activities and repayment of loans. This was
negated by no dividends declared or paid.
SASOL INTEGRATED REPORT 2025
57
