| Schedule of long-term debt |
| | | | | | | 2026 | | 2025 | for the year ended 30 June | | Rm | | Rm | Total long-term debt | | 92 374 | | 102 645 | Short-term portion1 | | (24 500) | | (14 091) | Long-term portion | | 67 874 | | 88 554 | Analysis of long-term debt | | | | | At amortised cost | | | | | Unsecured debt | | 92 716 | | 103 037 | Unamortised loan costs | | (342) | | (392) | | | 92 374 | | 102 645 | Reconciliation | | | | | Balance at beginning of year | | 102 645 | | 117 031 | Loans raised2 | | 18 579 | | 471 | Loans repaid3 | | (23 651) | | (14 060) | Interest accrued | | 1 552 | | 1 505 | Amortisation of loan costs | | 160 | | 126 | Translation of foreign operations | | (7 332) | | (2 428) | Foreign exchange differences recognised in income statement | | 421 | | — | Balance at end of year | | 92 374 | | 102 645 | Interest-bearing status | | | | | Interest-bearing debt | | 92 374 | | 102 645 | Maturity profile | | | | | Within one year | | 24 500 | | 14 091 | One to five years | | 54 446 | | 72 309 | More than five years | | 13 428 | | 16 245 | | | 92 374 | | 102 645 |
| 1 | Current period short-term portion relates to the US$650 million bond (R10,7 billion) payable in September 2026, as well as a portion of the DMTN (R1,2 billion) which is repayable in October 2026. The US$750 million convertible bond is classified as a current liability since 2025 when the Group adopted the amendments to IAS 1 'Presentation of Financial Statements'. |
| 2 | Relates mainly to a 2033 bond of US$750 million (R12,3 billion) issued in April 2026 and a floating rate bond of R5,3 billion issued on 23 July 2025 for which SFIL received US$300 million in return. |
| 3 | Relates mainly to partial repayments on 2028 and 2029 US$ bonds (R12,3 billion) and repayments on the Revolving Credit Facility (RCF) in July and August 2025 (R8,4 billion) as well as a R0,8 billion repayment on the DMTN programme in October 2025. |
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| Schedule of liquidity available from borrowings |
| | | | | | | | | | | | | | | | | | | | | | | | | | 2026 | | 2025 | | | | | | | | | | | | Total | | | | | | | | | | | | | | Interest | | Contract | | Rand | | Available | | Utilised | | Utilised | | | | | | | | rate | | amount | | equivalent | | facilities | | facilities | | facilities | | for the year ended 30 June | | Expiry date | | Currency | | % | | million | | Rm | | Rm | | Rm | | Rm | | Banking facilities and debt arrangements | | | | | | | | | | | | | | | | | | Group treasury facilities | | | | | | | | | | | | | | | | | | Commercial paper (uncommitted) | | None | | Rand | | 3 month
Jibar + 1,42% -
1,59% | | 15 000 | | 15 000 | | 11 378 | | 3 622 | | 4 434 | | Commercial banking facilities | | None | | Rand | | * | | 7 450 | | 7 450 | | 7 450 | | — | | — | | Revolving credit facility¹ | | April 2030 | | US dollar | | SOFR+ Credit
Adj +1,45% | | 1 987 | | 32 574 | | 32 574 | | — | | 8 875 | | Debt arrangements | | | | | | | | | | | | | | | | | | US Dollar Bond | | September 2026 | | US dollar | | 4,38% | | 650 | | 10 656 | | — | | 10 656 | | 11 538 | | US Dollar Convertible Bond2 | | November 2027 | | US dollar | | 4,50% | | 750 | | 12 295 | | — | | 12 295 | | 13 313 | | US Dollar Bond4 | | September 2028 | | US dollar | | 6,50% | | 334 | | 5 475 | | — | | 5 475 | | 13 313 | | US Dollar Bond4 | | May 2029 | | US dollar | | 8,75% | | 666 | | 10 918 | | — | | 10 918 | | 17 750 | | US Dollar term loan | | April 2030 | | US dollar | | SOFR+ Credit
Adj +1,65% | | 982 | | 16 107 | | — | | 16 107 | | 17 439 | | Rand Bond3 | | July 2030 | | Rand | | 3 month Jibar + 3,7% | | 5 327 | | 5 327 | | — | | 5 327 | | — | | US Dollar Bond | | March 2031 | | US dollar | | 5,50% | | 850 | | 13 934 | | — | | 13 934 | | 15 088 | | US Dollar Bond⁴ | | April 2033 | | US dollar | | 8,75% | | 750 | | 12 295 | | — | | 12 295 | | — | | Other Sasol businesses | | | | | | | | | | | | | | | | | | Specific project asset finance | | | | | | | | | | | | | | | | | | Energy – Natref | | Various | | Rand | | Various | | 2 482 | | 2 482 | | 895 | | 1 587 | | 1 266 | | Other | | | | Various | | Various | | — | | — | | — | | 1 262 | | 707 | | | | | | | | | | | | | | 52 297 | | 93 478 | | 103 723 | | Available cash excluding restricted cash | | | | | | | | | | | | 40 103 | | | | | | Total funds available for use | | | | | | | | | | | | 92 400 | | | | | | Accrued interest | | | | | | | | | | | | | | 1 552 | | 1 505 | | Unamortised loan cost | | | | | | | | | | | | | | (342) | | (392) | | Cumulative fair value gains and foreign exchange movements on convertible bond and embedded derivative financial liability | | | | | | | | | | | | | | (739) | | (1 517) | | Total debt including accrued interest and unamortised loan cost | | | | | | | | | | | | | | 93 949 | | 103 319 | | Comprising | | | | | | | | | | | | | | | | | | Long-term debt | | | | | | | | | | | | | | 67 874 | | 88 554 | | Short-term debt | | | | | | | | | | | | | | 25 648 | | 14 757 | | Short-term debt | | | | | | | | | | | | | | 1 148 | | 666 | | Short-term portion of long-term debt | | | | | | | | | | | | | | 24 500 | | 14 091 | | Bank overdraft | | | | | | | | | | | | | | 118 | | 1 | | Convertible bond derivative financial liability | | | | | | | | | | | | | | 309 | | 7 | | | | | | | | | | | | | | | | 93 949 | | 103 319 | |
*Interest rate only available when funds are utilised. | 1 | Sasol repaid R8,4 billion (US$0,5 billion) in July and August 2025 on the RCF. |
| 2 | The convertible bond has a principal amount of US$750 million and contains conversion rights exercisable by the bond holders at any time before maturity of the bond on 8 November 2027. The convertible bond pays a coupon of 4,5% per annum, payable semi-annually in arrears and in equal instalments on 8 May and 8 November of each year. The convertible bond can be settled in cash, Sasol ordinary shares, or any combination thereof at the election of Sasol. The conversion price (initially set at US$20,39) is subject to standard market anti-dilution adjustments, including, among other things, dividends paid by Sasol. The conversion price at 30 June 2026 was US$18,79 (30 June 2025: US$18,79). |
| 3 | On 23 July 2025, SFIL issued a floating rate bond of R5,3 billion. In exchange, SFIL received US$300 million. The bond is guaranteed by Sasol Limited, has a 5 year maturity, bears quarterly interest, is repayable in Rand with covenants similar to those in the existing US$ bond documents and no new covenants were introduced. |
| 4 | A 2033 US$ bond of US$750 million (R12,3 billion) was issued in April 2026, the proceeds were used to partially repurchase the 2028 and 2029 US$ bonds (R12,3 billion). The result of the transaction being debt-neutral, while extending the debt maturity. |
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