Sasol stock reports stronger FY2026 earnings as debt falls

Published on 10/05/2026 at 14:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sasol stock posted fiscal 2026 adjusted EBITDA of ZAR 61 billion, up 17 percent year over year. Net debt fell 11 percent to USD 3.3 billion.

SSL, US8038663006, Illustration mit AI erstellt.

Sasol (ISIN US8038663006) delivered adjusted EBITDA of ZAR 61 billion in fiscal 2026, a 17 percent year-over-year increase, while net debt fell 11 percent to USD 3.3 billion. The results, presented on September 1, 2026, give SSL a stronger earnings and balance-sheet story, although dividend resumption remains tied to further debt reduction.

Earnings improve as debt falls

According to The Globe and Mail on September 1, 2026, Sasol also reduced capital expenditure 18 percent to ZAR 21 billion and generated ZAR 11.9 billion in free cash flow. Secunda production reached 7.26 million tonnes, its highest level in five years.

The operating improvement was broad but uneven. International Chemicals adjusted EBITDA reached USD 604 million in fiscal 2026, while management said chemical markets still face excess capacity and weaker demand that can pressure prices and margins.

Revenue growth meets a debt hurdle

Reuters lists fiscal 2026 revenue at USD 272.118 billion, compared with USD 249.096 billion in fiscal 2025. That is a 9.24 percent increase, while net income rose to USD 12.149 billion from USD 6.767 billion over the same periods.

The balance sheet remains central to the shareholder case. Management set sustainably lower than USD 3 billion of net debt as the threshold for resuming dividends, leaving capital allocation focused on deleveraging before distributions return.

SSL stays near its yearly high

SSL was last at USD 13.94 on the NYSE on October 2, 2026, at 4:00 p.m. ET, down USD 0.02 or 0.14 percent from the prior close. The session range was USD 13.71 to USD 13.98, with volume of 1,267,470 shares.

The stock remained inside its USD 5.24 to USD 15.18 52-week range, placing the last price USD 1.24 below the high. MarketBeat reports a Hold consensus based on two Buy, four Hold and one Sell rating, alongside quarterly EPS of USD 0.56 and revenue of USD 4.61 billion.

Stock value and key data

Sasol's operating figures show a recovery in earnings power, but the 2026 debt level keeps dividends conditional and leaves commodity prices, currency movements and chemical demand as important variables for the shares.