Transnet SOC Ltd has reported improved performance for the six months ending 30 September 2025, highlighting growth across revenue, EBITDA, and rail volumes.
Revenue rose 8.8% to R45.2 billion, while EBITDA increased 15.4% to R15.7 billion. The company reduced its net loss by 17.7% to R1.8 billion compared to the same period in 2024.
Rail volumes increased 4.4% to 81.4 million tonnes, with September 2025 recording a monthly high of 14.8 million tonnes, despite maintenance-related disruptions. Revenue growth was supported by higher rail, container, and petroleum volumes, as well as port and pipeline tariff increases.
Cash generated from operations fell 30.7% to R9.6 billion due to the settlement of Total and Sasol claims. Capital expenditure rose 5% to R11.0 billion, with 18.3% allocated to capacity expansion and 81.7% to sustaining existing operations.
EBITDA margin improved to 34.8%, reflecting increased throughput, while net finance costs rose 7.7% to R7.7 billion due to higher debt levels.
Transnet plans to leverage private sector participation to improve efficiency and fund capital projects. The company will prioritise rolling stock availability, rail infrastructure upgrades, and key port equipment acquisitions. Management continues to implement the Reinvent for Growth Strategy to translate operational gains into sustainable profitability.
Despite challenges such as theft and vandalism, Transnet remains committed to supporting South Africa’s economic recovery and delivering world-class logistics services.
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