Sasol Ltd ( (SSL) ) has released its Q2 earnings. Here is a breakdown of the information Sasol Ltd presented to its investors.
Sasol Limited, a global integrated chemicals and energy company, operates primarily in the energy and chemical sectors, with a focus on sustainable solutions and innovative technologies. The company’s recent earnings report highlights a challenging macroeconomic environment that impacted its financial performance for the six months ended December 2024. Despite a 10% decrease in revenue to R122.1 billion due to lower crude oil prices and sales volumes, Sasol managed to improve its free cash flow through stringent cost management. Adjusted EBITDA fell by 15% to R23.9 billion, while EBIT dropped by 40% to R9.5 billion, influenced by non-cash adjustments and impairments. Basic earnings per share decreased by 52% to R7.22, and no interim dividend was declared due to a free cash flow deficit and high net debt. Looking ahead, Sasol’s management anticipates improvements in free cash flow in the second half of the financial year, supported by management improvement plans and seasonal factors.