SSL

Bull points

• Despite a challenging operating and macro environment, we focused on the controllables. As a result, we met most of our financial targets provided in February for the group.
• we remain confident in our plans, and now it is all about execution. We shared specific targets with you in Capital Markets Day in May 2025 and are committed to giving you regular feedback. We have started to implement our action plans, and I can report the following progress. Construction of the destoning plant is completed, and we are busy with start-up activities. We are on track to meet our commitment.
• We have secured more than 900 megawatts from power purchase agreements in South Africa, setting the stage for long-term decarbonization and energy resilience.

Bear points

• The coal quality and gasifier availability challenges continue to impact Southern Africa value chain. Although we saw improved gasified performance in quarter 4, the Secunda volumes ended marginally below target.
• we did see some progress in our safety efforts. Financial year '25 marks the first fatality-free financial year for Sasol Mining, a milestone never achieved before.
• adjusted EBITDA for the period was down 14% to ZAR 52 billion.