SASOL LIMITED - Production And Sales Metrics And Trading Statement For The Year Ended 30 June 2025

Production And Sales Metrics And Trading Statement For The Year Ended 30 June 2025

Sasol Limited
(Incorporated in the Republic of South Africa)
(Registration number 1979/003231/06)
Sasol Ordinary Share codes:          JSE: SOL               NYSE: SSL
Sasol Ordinary ISIN codes:           ZAE000006896           US8038663006
Sasol BEE Ordinary Share code: JSE: SOLBE1
Sasol BEE Ordinary ISIN code: ZAE000151817
(Sasol, the Company, Equity issuer)

Sasol Financing Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1998/019838/06)
Company code: SFIE
LEI: 378900A5BC68CC18C276
(Sasol Financing, Debt issuer)


PRODUCTION AND SALES METRICS AND TRADING STATEMENT FOR THE YEAR
ENDED 30 JUNE 2025

Production and sales metrics for the year ended 30 June 2025

Sasol has published its production and sales performance metrics for the year ended 30
June 2025 on the Company´s website at www.sasol.com, under the Investor Centre section:
https://www.sasol.com/investor-centre/financial-results.


Business performance

In a challenging macro environment, our focus on self-help initiatives continues to strengthen
our foundation, build resilience and mitigate the impacts of global volatility and geopolitical
uncertainty. We are making good progress and expect to meet the majority of our financial
guidance for FY25, with volume guidance achieved across most business segments.
Secunda Operations (SO) and Natref had unplanned disruptions which impacted Q4 FY25
production and resulted in volumes being marginally below guidance.

In the Southern Africa business, we made the strategic decision in Q3 FY25 to reduce our
own production of coal and supplement it with higher quality purchased coal to enhance
SO's gasifier performance, which improved in Q4 FY25. Natref's performance was also
stronger in Q4 FY25 with production recovering following the fire incident in the previous
quarter but was adversely impacted by an unplanned Eskom power outage. Liquid fuels
sales increased in Q4 FY25, supported by higher production and purchases. External SA
gas sales also improved, driven by increased customer demand. In Chemicals Africa, the
average basket price was higher compared to the previous quarter, despite challenging
global market conditions.

In the International Chemicals business, revenue in Q4 FY25 increased compared to the
previous quarter, supported by higher sales volumes from improved US production. This was
partly offset by lower average sales prices in the US due to lower ethylene market prices and
product mix effects, however, pricing in the Eurasia segment improved through prioritising
value realisation. Revenue decreased compared to the prior year, primarily due to lower
sales volumes, which remained within market guidance. Despite a challenging environment,
adjusted EBITDA improved compared to the prior year, reflecting the benefits of higher
average sales basket prices and proactive management actions.

Business updates

We are making progress on our strategic priorities outlined at our Capital Markets Day, to
strengthen our business and build a sustainable future Sasol. Delivery of these commitments
remains a key priority to unlock value.

Strengthen our foundation business:
    • Mining's destoning project to improve the quality of coal is progressing well and
       remains on track for completion in H1 FY26, within the previously communicated
       schedule and cost of less than R1 billion.
    • Sasol Oil received a net payment of R4,3 billion (excluding VAT) on 30 June 2025, as
       full and final settlement of the legal disputes with Transnet.
    • On 30 June 2025, State Oil Limited, the parent company of Prax South Africa (Pty)
       Limited (PraxSA), which owns a minority stake in the Natref refinery, was placed
       under administration. Natref continues to operate to plan, and engagements with
       PraxSA are ongoing to understand the implications of this development and ensure
       there is no impact on operational continuity.
    • In April 2025, we reached a major milestone in our digital transformation with the
       successful go-live of the SAP S4/Hana pilot in Italy. This marks the first
       implementation in our modern Enterprise Resource Planning (ERP) programme
       within International Chemicals. The rollout provided valuable learnings that will inform
       and improve subsequent implementations across the group.
    • The previously communicated mothballing/closing of certain plants is progressing to
       plan, with production already stopped at the Guerbet plant in Lake Charles (US) and
       the Alkylphenol site in Marl (Germany). The closure of the Phenolics plants in Texas
       (US), and the mothballing of the HF LAB plant in Augusta (Italy) will follow in H1
       FY26.


Grow and Transform:
   • In June 2025, Sasol concluded an additional 160MW of renewable energy (RE)
      power purchase agreements (PPA) in SA, which includes 150MW as part of the
      Ampli Energy joint venture with Discovery, scheduled to commence in FY28.
      Collectively, these agreements increase Sasol's access to 920MW of RE in SA.
   • At the end of June 2025, a virtual PPA was signed in USA to source ~93MW of RE,
      which will cover about 50% of the electricity consumption at our Lake Charles facility
      by mid FY27.
   • Natref commissioned the first of three new low-carbon boilers in May 2025, a key
      milestone for sustaining steam supply and supporting emissions reduction as well as
      producing 30 000 liters of renewable diesel. This supports our transition to cleaner
      energy solutions.

Outlook

We continue to maintain strong liquidity and strict cost management, to support overall
financial resilience. We also continue with our proactive hedging programme, ensuring
effective risk management and reducing the impact of market volatility.

Following the 90-day suspension of the US import tariffs, the US government announced on
8 July 2025 that new tariff rates will take effect on 1 August 2025. Engagements with the
relevant stakeholders are ongoing, and we remain focused on ensuring continuity, mitigating
potential disruptions, and identifying any opportunities for Sasol.

More details on the outlook for FY26 will be provided on 25 August 2025 with the release of
our 2025 financial year results.


Trading statement for the financial year ended 30 June 2025

In terms of paragraph 3.4(b)(i) of the Listing Requirements of the JSE Limited (JSE), a
company listed on the JSE is required to publish a Trading statement as soon as it is
satisfied that a reasonable degree of certainty exists that the financial results for the next
period to be reported upon will differ by at least 20% from the financial results for the
previous corresponding period.

Accordingly, stakeholders are advised that, for the year ended 30 June 2025 earnings per
share (EPS) are expected to increase by more than 20%, compared to a loss per share of
R69,94 reported for the year ended 30 June 2024, which included negative remeasurement
items of R88,13 per share. The remeasurement items included substantial impairments that
arose in the comparative period

EPS and headline earnings per share (HEPS) may be impacted further by adjustments
resulting from the 2025 financial year closure process, which cannot be estimated reliably at
this point in time.

A comprehensive trading statement will be published as soon as there is more certainty with
respect to the EPS and HEPS ranges.

The financial information underpinning this trading statement has not been reviewed and
reported on by the Company's external auditors.

Sasol will release its financial results for the year ended 30 June 2025 on Monday,
25 August 2025.


22 July 2025
Sandton

Equity Sponsor
Merrill Lynch South Africa Proprietary Limited t/a BofA Securities

Debt Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited


Disclaimer- Forward-Looking Statements
Sasol may, in this document, make certain statements that are not historical facts that relate
to analyses and other information which are based on forecasts of future results and
estimates of amounts not yet determinable. These statements may also relate to our future
prospects, expectations, developments and business strategies. Words such as "believe",
"anticipate", "expect", "intend", "seek", "will", "plan", "could", "may", "endeavour", "target",
"forecast" and "project" and similar expressions are intended to identify such forward-looking
statements but are not the exclusive means of identifying such statements. By their very
nature, forward-looking statements involve inherent risks and uncertainties, both general and
specific, and there are risks that the predictions, forecasts, projections and other forward-
looking statements will not be achieved. If one or more of these risks materialise, or should
underlying assumptions prove incorrect, our actual results may differ materially from those
anticipated. You should understand that a number of important factors could cause actual
results to differ materially from the plans, objectives, expectations, estimates and intentions
expressed in such forward-looking statements. These factors are discussed more fully in our
most recent annual report on Form 20-F filed on 6 September 2024 and in other filings with
the United States Securities and Exchange Commission. The list of factors discussed therein
is not exhaustive; when relying on forward-looking statements to make investment decisions,
you should carefully consider both these factors and other uncertainties and events, and you
should not place undue reliance on forward-looking statements. Forward-looking statements
apply only as of the date on which they are made and we do not undertake any obligation to
update or revise any of them, whether as a result of new information, future events or
otherwise. Forward looking statements, financial information and targets included in this
statement have not been reviewed or reported on by Sasol's auditors.

Date: 22-07-2025 07:05:00
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