PRODUCTION AND SALES MEASURES FOR THE SIX MONTHS ENDED DECEMBER 31, 2024 By Investing.com

JOHANNESBURG, January 23, 2025 /PRNewswire/ — Sasol (NYSE: ) announced its production and sales metrics for the past six months December 31, 2024 on the Company’s website at www.sasol.com, in the Investor Center section: https://www.sasol.com/investor-centre/financial-results.

Sasol has made a final investment decision (FID). december 2024 for a descaling solution to improve the quality of coal supplied to Secunda Operations (SO), with useful operation of the solution expected in the first half of FY26, which is earlier than the previously announced date.

Civil unrest in Mozambique affected the Central Processing Facility (CPF), leading to a reduced rate of production in the december 2024. The situation at CPF has improved and the unit is now operating at full capacity, although increased short-term risk still prevails.

On January 4, 2025there was a fire at Refinery Natref which caused damage to the support pipelines and infrastructure around the crude oil distillation unit. Our team responded quickly to bring the fire under control, but no injuries were reported. Repairs are expected to be completed before the end February 2025 and plans are implemented, including purchasing products to address supply gaps where possible.

At SO, we have encountered operational challenges, mainly related to ongoing coal quality complications and the resulting impact on gasifier and equipment availability. The implementation of descaling and ongoing initiatives to improve equipment reliability are expected to improve production levels in the future.

International revenues improved compared to the first half of fiscal 2024, although the overall business environment remains challenging. Sales volume in the quarter continued to be negatively impacted by the East Cracker shutdown in the US. However, the unit was successfully launched in the November 2024. Overall profitability has improved thanks to proactive management initiatives.

Market guidance for both and gas remains unchanged, with annual volume outlooks for SO and Natref revised downwards due to the above challenges. Accordingly, we expect sales volume for Fuels and Chemicals Africa to be broadly in line with FY24. Despite the operational challenges we faced during the quarter, we remain committed to implementing key self-help initiatives aimed at improving performance and mitigating the challenges we face.

ORYX production volume guidelines have been revised upwards.

Sales volume guidance for International Chemicals has been adjusted downward to 4 – 8% lower than FY24, driven by lower-than-expected demand and unplanned outages. However, the financial impact was mitigated by effective cost management initiatives and improved margins compared to the prior period.

For additional information, please contact:
Sasol relations with investors,Tiffany Sydowvice president of investor relations
Phone: +27 (0) 71 673 1929
investor.relations@sasol.com