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Earnings and dividends per share
12 Months Ended
Jun. 30, 2025
Earnings and dividends per share  
Earnings and dividends per share

7

Earnings and dividends per share

2025

2024

2023

 

for the year ended 30 June

    

  

Rand

    

Rand

    

Rand

 

Attributable to owners of Sasol Limited

Basic earnings per share

 

10,60

 

(69,94)

 

14,00

Headline earnings per share

 

35,13

 

18,19

 

53,75

Diluted earnings per share

 

10,54

 

(69,94)

 

13,02

Diluted headline earnings per share

 

34,92

 

16,73

 

50,76

Dividends per share

 

 

2,00

 

17,00

interim

 

 

2,00

 

7,00

final*

 

 

 

10,00

*

2023 dividend declared subsequent to 30 June and has been presented for information purposes only. No final dividends declared in 2024 and 2025.

Basic earnings per share (EPS) and headline earnings per share (HEPS)

EPS is derived by dividing earnings attributable to owners of Sasol Limited by the weighted average number of shares outstanding during the period. HEPS is derived by dividing the headline earnings attributable to the owners of Sasol Limited by the weighted average number of Sasol ordinary shares and Sasol BEE ordinary shares outstanding during the period.

Diluted earnings per share (DEPS) and diluted headline earnings per share (DHEPS)

DEPS and DHEPS are calculated by dividing the diluted earnings and diluted headline earnings attributable to owners of Sasol Limited by the diluted weighted average number of Sasol ordinary shares and Sasol BEE ordinary shares in issue during the year. DEPS and DHEPS are calculated considering the potentially dilutive ordinary shares that could be issued as a result of share options granted to employees under the Sasol Long-term incentive (LTI) and Sasol Khanyisa Tier 2 plans (refer to note 32) and as a result of the potential conversion of the US$750 million Convertible Bond (refer to note 13).

The Sasol Khanyisa Tier 2 potential shares are anti-dilutive for DEPS and DHEPS purposes in all years presented.

    

2025

    

2024

    

2023

 

for the year ended 30 June

 

Rm

 

Rm

 

Rm

Earnings/(loss) and headline earnings

 

  

 

  

 

  

Earnings/(loss) attributable to owners of Sasol Limited

 

6 767

 

(44 271)

 

8 799

Total remeasurement items for the Group, net of tax*

 

15 652

 

55 784

 

24 978

Headline earnings attributable to owners of Sasol Limited

22 419

11 513

33 777

*

The net profit on disposal of business includes a gain on remeasurement of contingent consideration from Uzbekistan GTL LLC disposal of R1 428 million (refer note 8). This has been excluded from the remeasurement items for headline earnings.

Number of shares

2025

2024

2023

for the year ended 30 June

million

million

million

Basic weighted average number of shares

    

  

    

  

    

  

Issued shares

 

649,4

 

648,5

 

640,7

Effect of treasury shares held

 

(10,3)

 

(13,1)

 

(10,4)

Effect of long-term incentives exercised

 

(0,9)

 

(2,4)

 

(1,9)

Basic weighted average number of shares for EPS and HEPS

 

638,2

 

633,0

 

628,4

7

Earnings and dividends per share continued

    

2025

    

2024

    

2023

for the year ended 30 June

 

Rm

 

Rm

 

Rm

Diluted earnings

 

  

 

  

 

  

Earnings/(loss) attributable to owners of Sasol Limited

 

6 767

 

(44 271)

 

8 799

Impact of convertible bonds*

 

 

(136)

 

(179)

Diluted earnings attributable to owners of Sasol Limited

 

6 767

 

(44 407)

 

8 620

*

For 2025 the convertible bonds are anti-dilutive and therefore not assumed to be exercised in diluted earnings.

    

2025

    

2024

    

2023

for the year ended 30 June

Rm

Rm

Rm

Diluted headline earnings

  

  

  

Headline earnings attributable to owners of Sasol Limited

 

22 419

 

11 513

 

33 777

Impact of convertible bonds*

 

 

(136)

 

(179)

Diluted headline earnings attributable to owners of Sasol Limited

 

22 419

 

11 377

 

33 598

*For 2025 the convertible bonds are anti-dilutive and therefore not assumed to be exercised in diluted earnings.

Number of shares

2025

2024

2023

for the year ended 30 June

    

million

    

million

    

million

Diluted weighted average number of shares

Weighted average number of shares

 

638,2

 

633,0

 

628,4

Potential dilutive effect of convertible bonds*

39,9

24,2

Potential dilutive effect of long-term incentive scheme

 

3,8

 

7,0

 

9,3

Diluted weighted average number of shares for DEPS and DHEPS

 

642,0

 

679,9

 

661,9

*

For 2025 the convertible bonds are anti-dilutive and therefore contingently issuable ordinary shares are not included.