SASOL (SSL) Company Report

Analyst Coverage

Research analysts who have asked questions during SASOL earnings calls.

Adrian Hammond

SBG Securities

3 questions for SSL

Also covers: AU, GFI, HMY +1 more

Alex Comer

J.P. Morgan

3 questions for SSL

Chris Nicholson

Morgan Stanley

3 questions for SSL

Also covers: GFI, SBSW

Gerhard Engelbrecht

Absa Group Limited

3 questions for SSL

Sashank Lanka

Bank of America

2 questions for SSL

Sean Ungerer

Arqaam Capital

2 questions for SSL

David Fraser

Peregrine Capital

1 question for SSL

Debella Beksa

Nedbank

1 question for SSL

Erika Ive

MetLife Investment Management

1 question for SSL

Faisal

Goldman Sachs

1 question for SSL

Also covers: FICO

Gustavo Campos

Jefferies

1 question for SSL

Also covers: IHS, TCELL, TKC

Herbert Kharivhe

Investec

1 question for SSL

Also covers: AU

Jarrett Geldenhuys

Investec

1 question for SSL

Jesse Armstrong

Fairtree

1 question for SSL

Nick Rogers

Harvard House

1 question for SSL

Nishal Ramloutan

UBS

1 question for SSL

Shoiab

Athena Capital

1 question for SSL

Stella Cridge

Barclays

1 question for SSL

Also covers: IHS, KOS

Latest news

Recent press releases and 8-K filings for SSL.

Sasol Forecasts Significant Earnings Decline for H1 FY2026

SSL

Earnings

Profit Warning

Guidance Update

Sasol expects Earnings per share (EPS) for the six months ended 31 December 2025 to be between R0.10 and R0.80, representing an 89% to 99% decrease from the prior period's R7.22.
Headline earnings per share (HEPS) is projected to be between R8.50 and R10.00, a 29% to 40% decrease from the prior period's R14.13.
The decline in earnings is mainly attributed to a 17% decrease in the average Rand per barrel Brent crude oil price, a 3% decrease in the average US$ per ton chemicals basket price, and R7.8 billion in impairments before tax.
Despite lower earnings, overall free cash flow generation is anticipated to improve compared to the prior period, driven by lower capital expenditure.

1 day ago

Press Release

Sandstorm Gold Royalties Completes Arrangement with Royal Gold

SSL

M&A

Delisting/Listing Issues

Sandstorm Gold Royalties has completed a plan of arrangement with Royal Gold, Inc., resulting in Royal Gold's indirect acquisition of all Sandstorm common shares.
Sandstorm shareholders received 0.0625 of a share of common stock of Royal Gold for each Sandstorm Share held.
Sandstorm Shares are expected to be delisted from the Toronto Stock Exchange and the New York Stock Exchange within two to three business days following October 20, 2025.
Sandstorm will also apply to Canadian securities regulators to cease being a reporting issuer and will deregister its shares under the U.S. Securities Exchange Act of 1934.

Oct 20, 2025, 11:30 AM

Press Release

Sandstorm Gold Royalties Receives Court Approval for Arrangement with Royal Gold

SSL

M&A

Delisting/Listing Issues

Takeover Bid

The Supreme Court of British Columbia has granted the final order for Sandstorm Gold Ltd.'s plan of arrangement with Royal Gold Inc., under which Royal Gold will indirectly acquire all outstanding common shares of Sandstorm.
Sandstorm shareholders will receive 0.0625 of a share of common stock of Royal Gold for each Sandstorm Share held.
The transaction is anticipated to close on October 20, 2025, subject to customary closing conditions.
Following completion, Sandstorm expects to delist its shares from the Toronto Stock Exchange and the New York Stock Exchange.

Oct 15, 2025, 8:15 PM

Press Release

Sandstorm Gold Royalties Receives Regulatory Approval for Royal Gold Acquisition

SSL

M&A

Proxy Vote Outcomes

Royal Gold Inc. has received all government regulatory approvals for the acquisition of Sandstorm Gold Ltd., including Canadian and South African antitrust approvals.
The Sandstorm Transaction is anticipated to close early in the fourth quarter of 2025, subject to customary closing conditions, including approvals by Royal Gold's stockholders and Sandstorm's shareholders.
Sandstorm shareholders are reminded of the special meeting on October 9, 2025, to vote on the plan of arrangement with Royal Gold, with the proxy voting deadline on October 7, 2025.
The Board of Directors of Sandstorm unanimously recommends that shareholders vote FOR the resolution approving the Arrangement.

Sep 29, 2025, 10:00 PM

Press Release

Sandstorm Gold Royalties Files Meeting Materials for Royal Gold Arrangement Vote

SSL

M&A

Takeover Bid

Sandstorm Gold Royalties has filed meeting materials for a special shareholder meeting on October 9, 2025, to approve an arrangement with Royal Gold, Inc..
Shareholders of record as of September 8, 2025, will vote on the arrangement, which entails receiving 0.0625 shares of Royal Gold common stock for each Sandstorm Share held.
The arrangement represents an implied value of approximately $3.5 billion and offers a 21% premium to Sandstorm's 20-day volume-weighted average price as of July 3, 2025.
The Board of Directors and a special committee of independent directors of Sandstorm unanimously recommend voting FOR the Arrangement Resolution.

Sep 15, 2025, 12:45 PM

Press Release

Sasol Ltd. Reports H2 2025 Financial and Operational Results

SSL

Earnings

Guidance Update

New Projects/Investments

Sasol Ltd. reported a 14% decline in adjusted EBITDA to R52 billion for H2 2025, but achieved a 75% improvement in free cash flow to ZAR12.6 billion and reduced net debt (excluding leases) to $3.7 billion, meeting its target of staying under $4 billion.
The company successfully contained cash fixed cost increases to 1% below inflation and achieved a Southern Africa value chain breakeven price of $59 per barrel, in line with its target.
International Chemicals' adjusted EBITDA increased by more than $120 million to $411 million in H2 2025, with a margin improvement from 6% to 9%, and is projected to reach $450 million to $550 million with a 10-13% margin in FY 2026.
Sasol is progressing its emission reduction roadmap, having secured more than 900 megawatts of renewable energy in South Africa and bringing the 97-megawatt Damlakhte solar plant online. For FY 2026, the company targets Secunda production of 7 million to 7.2 million tonnes and aims to continue deleveraging towards a $3 billion net debt target between FY 2027 and FY 2028.