By Dylan Bettencourt
- Sasol’s profits crashed from R7.22 per share to just R0.38 per share in the six months to 31 December 2025.
- Sasol CEO Simon Baloyi said it was the first time in four years the company brought in more cash than it spent.
People who own shares in Sasol will get no money from the company after its profits fell off a cliff.
For every share a person owns, Sasol earned just R0.38. A year ago, that same share earned R7.22. That is a 95% drop.
The biggest reason for the fall was Sasol writing off R7.8-billion worth of assets. The company decided that some of what it owns is worth far less than before. That includes its Secunda fuel refinery and a gas project in Mozambique.
The company still brought in R112.4-billion in revenue, which is about the same as last year.
There was one piece of good news. For the first time in four years, Sasol brought in more cash than it spent. That figure came to R800-million, compared to a loss of R1.3-billion the year before.
CEO Simon Baloyi said this showed the company was moving in the right direction, pointing to higher sales, lower running costs and less spending on new projects.
But shareholders still walk away with nothing. Sasol’s rules say it will only pay out money when its debt drops below $3-billion. Right now it owes $3.8-billion. Until that debt comes down, no payouts.
Pictured above: Sasol building.
Image source: Sasol/Facebook
