Grindrod forecasts significant earnings jump for H1 2025

Grindrod expects earnings for the six months ended 30 June 2025 to range between R1.44bn and R1.49bn, significantly up from R486m in the comparative period.

The uplift includes R903m in one-off net profits from foreign currency translation reserves, linked to acquiring the remaining 35% interest in the Matola terminal joint venture and exiting the marine fuel trading joint venture.

Earnings per share is projected between 216.0 cents and 223.5 cents, up from 72.8 cents. Headline earnings are forecast between 85.0 cents and 92.5 cents, an 18% to 28% increase from 72.1 cents.