Sasol (NYSE:SSL) reported stronger financial and operating performance for fiscal 2026, with adjusted EBITDA increasing 17% to ZAR 61 billion and free cash flow totaling ZAR 11.9 billion. The company's net debt declined 11% to $3.3 billion, reaching its lowest level in a decade and falling below its fiscal 2026 target of less than $3.7 billion. Capital expenditure also decreased 18% to ZAR 21 billion.

Sasol is targeting a further reduction in net debt to below $3 billion between fiscal 2027 and fiscal 2028, a threshold linked to the resumption of dividends. Southern African operations improved, with Secunda production reaching a five-year high, while International Chemicals faces continued oversupply and weak demand despite higher earnings.