Sasol half-year profit down 34% on lower oil, chemical prices

Feb 23 (Reuters) - South African petrochemical firm Sasol SOLJ.J on Monday reported a 34% drop in half-year profit, mainly due to lower oil and chemical prices.

Sasol's headline earnings per share was 9.27 rand ($0.5789) in the six months to December 2025, from 14.13 rand previously.

The company, which uses coal and natural gas to produce synthetic fuel and chemicals, once again skipped paying a dividend as its $3.8 billion net debt remained above the $3 billion cap in terms of its dividend policy.

Sasol last declared a dividend in February 2024.

($1 = 16.0138 rand)