Grindrod delivered resilient volumes, stronger earnings and robust cash generation, supported by quality growth opportunities and clear momentum focused on sustainable value.
Terminal volumes increased significantly, driven by strong demand and improved throughput. Container, ships agency, and clearing and forwarding operations traded in a softer market, while rail performance was affected by reduced deployment. Locomotive redeployment is expected to accelerate in the second half, supported by the executed rail access agreement.
Safety remains a core focus. While LTIFR improved further, Grindrod regrettably recorded a fatality in June 2026, and additional controls have since been implemented.
Looking ahead, Grindrod enters the second half with clear momentum and a growth pipeline moving into delivery. Matola expansion, Maputo dredging and thephased rollout of rail open access will strengthen our integrated logistics offering. Our planned entry into container handling at Richards Bay in 2028 marks an important diversification opportunity. Backed by disciplined capital allocation and completed debt restructuring, Grindrod is well positioned to convert strategic momentum into sustainable value.
Thank you to our customers for your continued support and for trusting Grindrod as your logistics partner.