Durban, South Africa, 6 March 2026: Grindrod Limited has delivered an exceptional performance for the 2025 financial year, achieving record‑setting operational results and demonstrating strong resilience, disciplined execution, and strategic momentum. The group reported robust growth across all key performance indicators, including port volumes increasing 6% to 15.2 million tonnes, Matola Terminal volumes rising 22% to 9.9 million tonnes, core EBITDA up 13% to R2.3 billion, core headline earnings up 17% to R1.2 billion, and core earnings increasing 107% to R2.1 billion.
In line with the performance, the company has declared a special and ordinary dividend of 68.2 cents per share arising from strong core performance and proceeds from the non-core exit.
“Despite a rapidly shifting operating environment, Grindrod’s teams showed remarkable agility and discipline, ensuring the business not only navigated uncertainty but emerged stronger, more efficient, and positioned for sustained long‑term growth,” said Kwazi Mabaso, CEO of Grindrod Limited.
Grindrod continues to invest in infrastructure that supports long-term capacity, efficiency, and competitiveness while maintaining a disciplined capital allocation framework.
The company demonstrates its commitment to disciplined capital allocation through several ongoing initiatives. The Matola Terminal is being expanded with a $40 million investment. Phase 1 is set for completion by early 2027, which will raise its annual throughput capacity to 12 million tonnes. The project involves expanding the terminal’s back area from 40 800 m² to 157 760 m² and introducing full mechanisation to boost operational efficiency. Recently, the Matola terminal sub-concession was extended until 2058, providing long-term earnings stability and reinforcing Grindrod’s strategic investments along the corridor. At the Port of Maputo, a capital dredging programme is planned to allow the port to handle larger vessels, including full Cape-size vessels, and increase quayside capacity for vessels up to 170 000 tonnes. Preparations are also underway for the rail open access initiative, following the slot allocation in 2025, aiming to improve inbound rail capacity and resolve key logistics challenges.
Grindrod’s strategically positioned infrastructure supports its role as a critical gateway connecting Sub‑Saharan Africa to the world. By integrating inland logistics, port operations, and global market connectivity, the company continues to offer efficient, cost-effective cargo solutions at scale.
For more information on the financial results or on Grindrod and its operations, please visit www.grindrod.com.
Media contact: [email protected] or 031-302 7113