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Grindrod - pre-close statement & performance updat
Market performance review
Mining commodity markets mostly performed poorly, influenced by shifts in supply-demand dynamics, heightened geopolitical risks, and seasonal trends.
Operational performance review
On safety, Grindrod had zero fatalities and an LTIFR of 0.16 (target: 0.4).
Financial performance review
Grindrod's 24.7% share of earnings from the Port of Maputo was R338.3 million (2024: R320.5 million). The earnings before interest, tax, depreciation and amortisation ("EBITDA") margin in the Port and Terminals segment was 39% (2024: 35%). The Logistics EBITDA margin, excluding transport brokering, slowed to 25% (2024: 27%).
Strategy Update
Strategic milestones achieved this year aimed at streamlining and focusing the business are benefiting Grindrod even as we navigated a significant leadership transition. The Group now shifts focus from restructuring to optimising its core operations whilst executing on its strategic growth project pipeline including rail, container terminal and TCM's three million tonnes per annum capacity expansion.
Grindrod will release its results for the twelve months ending 31 December 2025 on SENS on or about Friday, 6 March 2026.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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