Sharenet Sites 
Sharenet Sites
Trading Statement for the six months ended 30 June 2026
Grindrod Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/009846/06)
Share code: GND & GNDP
ISIN: ZAE000072328 & ZAE000071106
("Grindrod")
TRADING STATEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2026
In terms of paragraph 6.26 of the Listings Requirements of the JSE Limited ("JSE"), listed companies are required to
publish a trading statement as soon as they become reasonably certain that the financial results for the period to be
reported on will differ by more than 20% from the financial results reported in the comparative period.
Shareholders are therefore advised that the earnings for the six months ended 30 June 2026 is expected to be
between R573.3 million and R623.3 million compared to earnings of R1 466.8 million in the comparative period. Earnings
per share ("EPS") is expected to be between 85.9 cents and 93.4 cents compared to EPS of 219.8 cents in the
comparative period. Both earnings and EPS represent an expected decrease of between 57.5% and 60.9% from the
comparative period.
The decrease in earnings and EPS is due to once-off net profits of R902.8 million in the prior period relating mainly to
foreign currency translation reserves released on both the acquisition of the remaining 35% interest in the Matola terminal
joint venture and the exit from the marine fuel trading joint venture.
Headline earnings is expected to be between R567.6 million and R617.6 million compared to R592.2 million reported for
the comparative period. Headline earnings per share ("HEPS") is expected to be between 85.0 cents and 92.5 cents
compared to 88.7 cents in the comparative period, representing an expected decrease of 4.2% or an expected increase
of 4.3%.
The financial information on which this trading statement is based has not been reviewed nor reported on by Grindrod's
external auditors.
Grindrod will release its results for the six months ended 30 June 2026 on the JSE's Stock Exchange News Service
on Tuesday, 25 August 2026.
12 August 2026
Durban
Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 12-08-2026 08:45:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
