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Interest in joint operations (Tables)

12 Months Ended

Jun. 30, 2025

Interest in joint operations

Schedule of interest in joint operations


						% of equity owned
						2025		2024
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 venture between Sasol and the PRAX Group. During the year, TotalEnergies disposed of its interest in the joint operation to the PRAX Group, resulting in a change in the joint arrangement’s shareholder structure.		64		64


						Total		Total
		LIP JV		Natref		2025		2024
for the year ended 30 June		Rm		Rm		Rm		Rm
Statement of financial position
External non-current assets		25 696		—		25 696		26 495
External current assets		1 547		777		2 324		1 842
Intercompany current assets		209		3		212		104
Total assets		27 452		780		28 232		28 441
Shareholders’ equity		25 900		(4 294)		21 606		22 673
Long-term liabilities		32		3 600		3 632		3 082
Interest-bearing current liabilities		6		104		110		90
Non-interest-bearing current liabilities		1 091		599		1 690		1 858
Intercompany current liabilities		423		771		1 194		738
Total equity and liabilities		27 452		780		28 232		28 441