​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

% of equity owned

​

​

​

​

​

​

2026

​

2025

Name

  ​ ​ ​

Country of incorporation

  ​ ​ ​

Nature of activities

  ​ ​ ​

%

  ​ ​ ​

%

Louisiana Integrated Polyethylene JV LLC (LIP JV)

​

United States of America

​

Manufactures ethylene and polyethylene chemicals. The joint operation with LyondellBasell operates as a tolling arrangement. Sasol retains control of our portion of the goods during the toll processing, for which a fee is paid, and only recognises revenue when the finished goods are transferred to a final customer. Equistar, a subsidiary of LyondellBasell, acts as an independent agent, for a fee, to exclusively market and sell all of Sasol’s Linear low-density polyethylene and Low-density polyethylene produced by the joint operation to customers.

​

50

​

50

National Petroleum Refiners of South Africa (Pty) Ltd (Natref)

South Africa

Inland refinery that uses crude oil to produce liquid fuels. Natref is a joint operation between Sasol and Prax South Africa (Pty) Ltd. Prax remains in business rescue. Sasol continues to operate Natref and utilise available Prax capacity in accordance with arrangements agreed with the business rescue practitioners, with operations and product supply remaining uninterrupted.

64

64

​

  ​ ​ ​

​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Total

​

Total

​

  ​ ​ ​

LIP JV

  ​ ​ ​

Natref

  ​ ​ ​

2026

​

2025

for the year ended 30 June

  ​ ​ ​

Rm

  ​ ​ ​

Rm

  ​ ​ ​

Rm

  ​ ​ ​

Rm

Statement of financial position

​

​

​

​

​

​

​

​

External non-current assets

​

23 561

​

1 035

​

24 596

​

25 696

External current assets

​

1 451

​

888

​

2 339

​

2 324

Intercompany current assets

​

—

​

3

​

3

​

212

Total assets

​

25 012

​

1 926

​

26 938

​

28 232

Shareholders’ equity

​

23 768

​

(3 202)

​

20 566

​

21 606

Long-term liabilities

​

27

​

4 413

​

4 440

​

3 632

Interest-bearing current liabilities

​

7

​

—

​

7

​

110

Non-interest-bearing current liabilities

​

801

​

478

​

1 279

​

1 690

Intercompany current liabilities

​

409

​

237

​

646

​

1 194

Total equity and liabilities

​

25 012

​

1 926

​

26 938

​

28 232