FilingReader Intelligence

Grindrod sees recovery in terminals, buys out Matola

June 24, 2025 at 09:01 PM UTCBy FilingReader AI

Grindrod (JSE:GNDE) reported a mixed performance for the first half of 2025, with a slow start followed by a recovery, particularly in its Terminals segment. The company achieved exports of 5.2 million tonnes per annum ("mtpa") from the Maputo port terminal and 6.7 mtpa from dry-bulk terminals during the period. Key strategic initiatives included the full consolidation of the Matola terminal following an equity buy-up for ZAR1.4 billion, contributing to an increase in gross debt to ZAR3.7 billion. The company also strategically entered quayside container terminal operations at the Port of Richards Bay. Grindrod's share of earnings from the Port of Maputo was ZAR165.9 million, with EBITDA margin in the Port and Terminals segment reported at 35%. The company will release its full results for the six months ended 30 June 2025 on August 22, 2025.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

JSE:GNDEJohannesburg Stock Exchange

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