Sasol cuts capex guidance to R20-22 billion for FY26

• Sasol kept most FY26 guidance unchanged, while revising key operating and spending targets amid ongoing geopolitical volatility.
• Fuel sales volumes forecast lifted to 10%-15% above FY25, versus prior view of 5%-10% above, supported by stable Secunda Operations output, higher Natref volumes, increased demand.
• Gas production outlook cut to 5%-10% below FY25, versus prior view of 0%-5% below, reflecting Mozambique flooding, well availability constraints at Petroleum Production Agreement asset.
• Capital expenditure guidance reduced to ZAR 20-22 billion from ZAR 22-24 billion on capital optimization, deferral of non-critical shutdowns.
• Working capital increased following Middle East conflict, with management flagging focus on tighter working capital control for remainder of FY26.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sasol Ltd. published the original content used to generate this news brief via the SENS service, an information dissemination service administered by the JSE Limited ("JSE") (Ref. ID: S520270), on April 23, 2026, and is solely responsible for the information contained therein.