Logo

SSL

Sasol Limited

SSL

Sasol Limited • NYSE
$6.50 ▼ -0.31% (-0.02)
Market Cap $4.15 B
52w High $7.39
52w Low $2.78
Dividend Yield 0.63%
P/E 10.66
Volume 315.36K
Outstanding Shares 638.20M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $126.994B ▲ $12.53B ▼ $2.167B ▼ 1.706% ▼ $3.34 ▼ $16.921B ▼
Q2-2025 $122.102B ▼ $34.803B ▼ $4.6B ▲ 3.767% ▲ $7.18 ▲ $21.805B ▼
Q4-2024 $138.826B ▲ $38.186B ▼ $-53.855B ▼ -38.793% ▼ $-84.8 ▼ $30.736B ▲
Q2-2024 $136.285B ▼ $41.266B ▼ $9.584B ▲ 7.032% ▲ $13.58 ▲ $22.41B ▼
Q4-2023 $137.946B $64.2B $-5.778B -4.189% $-9.18 $25.463B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $46.665B ▲ $359.555B ▼ $201.944B ▼ $152.427B ▲
Q2-2025 $36.716B ▼ $367.664B ▲ $215.177B ▼ $148.111B ▲
Q4-2024 $47.556B ▲ $364.98B ▼ $217.553B ▼ $143.005B ▼
Q2-2024 $39.271B ▼ $427.138B ▼ $225.109B ▼ $197.891B ▲
Q4-2023 $53.926B $433.838B $232.314B $196.904B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2025 $2.167B ▼ $24.48B ▲ $-10.463B ▲ $-8.854B ▼ $4.334B ▼ $13.908B ▲
Q2-2025 $4.6B ▲ $13.865B ▼ $-15.423B ▼ $-7.792B ▲ $36.482B ▲ $-1.128B ▼
Q4-2024 $-53.855B ▼ $28.44B ▲ $-14.013B ▲ $-8.195B ▼ $0 ▲ $14.236B ▲
Q2-2024 $9.584B ▲ $8.944B ▼ $-16.644B ▼ $-6.404B ▼ $-14.655B ▼ $-6.926B ▼
Q4-2023 $-5.778B $35.7B $-14.166B $-4.61B $18.894B $21.293B

Revenue by Products

Product Q2-2020Q2-2021
Advanced Materials
Advanced Materials
 $3.73Bn ▲$3.68Bn ▼
Base Chemicals Segment
Base Chemicals Segment
 $24.18Bn ▲$27.02Bn ▲
Coal
Coal
 $910.00M ▲$940.00M ▲
Fertilizers And Explosives
Fertilizers And Explosives
 $2.24Bn ▲$1.16Bn ▼
Gas And Condensate
Gas And Condensate
 $3.13Bn ▲$3.20Bn ▲
Liquid Fuels And Crude Oil
Liquid Fuels And Crude Oil
 $36.88Bn ▲$25.93Bn ▼
Organic
Organic
 $24.79Bn ▲$24.69Bn ▼
Other Base Chemicals
Other Base Chemicals
 $2.00Bn ▲$2.11Bn ▲
Other Ip Refinery Services
Other Ip Refinery Services
 $1.15Bn ▲$1.15Bn ▲
Performance Chemicals Segment
Performance Chemicals Segment
 $32.45Bn ▲$33.32Bn ▲
Polymers
Polymers
 $13.97Bn ▲$16.49Bn ▲
Solvents
Solvents
 $5.96Bn ▲$7.26Bn ▲
Waxes
Waxes
 $3.93Bn ▲$4.94Bn ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown strongly from earlier years but has started to soften more recently, showing how exposed Sasol is to commodity prices and global demand swings. Profitability is very volatile: there are years of solid profits followed by a deep loss, likely reflecting large write-downs, restructuring, or price shocks. Operating performance has generally been positive, but margins have trended down from their best levels, suggesting cost pressure and possibly weaker pricing power in some segments. Overall, the business can earn good profits in favorable conditions but remains highly cyclical and sensitive to external shocks and one‑off charges.

Balance Sheet

Balance Sheet The balance sheet shows a gradual clean‑up after a period of heavy investment and stress. Total assets are slightly lower than the peak, consistent with some de‑leveraging and possibly asset sales or impairments. Debt has been edging down, which reduces financial risk, while equity shrank in the loss year and then started to rebuild. Cash levels are healthier than several years ago, providing a clearer liquidity buffer. Taken together, leverage now looks more manageable than in the past, but the company is still capital‑intensive and dependent on keeping its large plants running efficiently.

Cash Flow

Cash Flow Underlying cash generation from operations has been fairly steady through ups and downs in reported profit, indicating that the core businesses still throw off reliable cash. Free cash flow has been consistently positive but not large, mainly because capital spending remains high. Sasol continues to invest heavily in its asset base and future projects, which limits short‑term cash surplus but is typical for a complex energy and chemicals group. The pattern suggests a business that can fund itself and pay for significant investment, but with limited room for major missteps or prolonged downturns.

Competitive Edge

Competitive Edge Sasol’s edge lies in its deep expertise in Fischer‑Tropsch chemistry, gas‑to‑liquids, and large‑scale integrated plants. Decades of know‑how, thousands of patents, proprietary catalysts, and world‑scale complexes like Secunda create high barriers to entry and make its technology difficult to copy. Its integrated value chain, from feedstock conversion to a wide portfolio of fuels and specialty chemicals, supports cost efficiency and product breadth. On the other hand, the concentration of key assets in South Africa, exposure to carbon‑intensive processes, and dependence on large, complex plants create operational, regulatory, and transition risks that competitors focused on lighter or greener models may partially avoid.

Innovation and R&D

Innovation and R&D Innovation is a clear strength. Sasol’s longstanding work in Fischer‑Tropsch catalysts, reactor design, and gas‑to‑liquids has already produced a wide range of specialty chemicals and cleaner fuels. The company is now trying to pivot this capability toward the energy transition: sustainable aviation fuel, green hydrogen projects, power‑to‑liquids e‑fuels, and a structured emissions‑reduction roadmap. These initiatives could unlock significant new markets if they scale successfully, but they are capital‑intensive, technologically demanding, and depend on supportive policy and partner execution. There is also some stakeholder skepticism around the realism of its decarbonization path, especially where it leans on offsets.

Summary

Sasol is a technologically distinctive, capital‑heavy chemicals and energy player at a turning point. Financially, it combines solid operating cash flow and a gradually improving balance sheet with very uneven earnings and still‑meaningful leverage. Its unique process technology, integrated complexes, and broad product slate underpin a strong industrial position, but also tie it to carbon‑intensive operations and project‑execution risk. The strategy to repurpose its Fischer‑Tropsch strengths toward low‑carbon fuels and green hydrogen offers substantial upside if executed well, yet comes with significant uncertainty on timing, returns, and regulatory support. Overall, the company looks like a cyclical, transition‑exposed business with real technological assets and opportunities, but also complex risks that need ongoing monitoring.

NEWS

November 17, 2025 · 3:37 AM UTC

RESULTS OF THE ANNUAL GENERAL MEETING OF SASOL LIMITED HELD ON 14 NOVEMBER 2025

Read more

October 23, 2025 · 2:33 AM UTC

SASOL LIMITED: BUSINESS PERFORMANCE METRICS FOR THE THREE MONTHS ENDED 30 SEPTEMBER 2025

Read more

October 16, 2025 · 2:03 AM UTC

NOTICE OF THE ANNUAL GENERAL MEETING OF SASOL LIMITED

Read more

October 7, 2025 · 12:50 PM UTC

Sasol International Chemicals Commercializes First Insect Oil-Based, Nonionic Surfactant for Care Chemicals Markets

Read more