Matola Terminal helps drive performance for Grindrod
Grindrod reports “exceptional performance”
SOUTH AFRICA: Reporting more than 20% gains in volumes at their Matola Terminal, Grindrod Limited describes delivery over the last financial year as “exceptional”.
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.
“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 has continued to invest in infrastructure that supports long-term capacity, efficiency, and competitiveness. Ongoing capital allocation across several initiatives includes the $40 million investment to expand the Matola Terminal.
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.
A capital dredging programme is planned at the Port of Maputo which will 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.
PHOTO: In May last year, the Matola Terminal achieved a historic milestone, loading over 1075 638 tonnes, the highest monthly throughput on record.
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