Grindrod Income Statement

Financials in millions ZAR. Fiscal year is January - December.

Millions ZAR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	4,877	4,976	4,846	5,884	3,417	3,751
Revenue	4,877	4,976	4,846	5,884	3,417	3,751
Revenue Growth (YoY)	0.44%	2.70%	-17.64%	72.17%	-8.90%	-2.17%
Cost of Revenue	3,821	3,820	3,283	4,390	2,202	2,216
Gross Profit	1,055	1,156	1,562	1,494	1,215	1,536
Selling, General & Admin	25.54	21.54	29.18	27.13	28.7	66.38
Other Operating Expenses	263.22	279.95	179.56	217.98	285.03	1,322
Operating Expenses	601.65	635.74	707.52	751.59	845.03	2,128
Operating Income	453.78	520.06	854.83	741.95	369.85	-592.09
Interest Expense	-288.33	-279.01	-219.97	-218.02	-235.09	-326.29
Interest & Investment Income	206.77	219.7	240.64	141.49	99.93	116.49
Earnings From Equity Investments	749.77	769.71	824.47	574.6	306.89	305.74
Currency Exchange Gain (Loss)	42.55	36.69	21.48	-19.15	68.66	31.24
Other Non Operating Income (Expenses)	429.61	-594.95	-360.71	-254.97	-186	375.94
EBT Excluding Unusual Items	1,594	672.2	1,361	965.9	424.24	-88.97
Impairment of Goodwill	-13.99	-13.99	-137.33	-	-24.84	-82.01
Gain (Loss) on Sale of Investments	2.87	2.87	34.23	7.38	-136.11	-174.3
Gain (Loss) on Sale of Assets	-20.72	-20.72	100.47	34.85	0.29	51.32
Asset Writedown	-4.75	-4.75	-27.61	-35.34	-57.73	-7.75
Other Unusual Items	10.54	10.54	-	-	6.77	10.46
Pretax Income	1,714	679.06	1,361	1,178	216.86	-291.26
Income Tax Expense	356.49	289.6	301.61	347.86	82.13	119.83
Earnings From Continuing Operations	1,357	389.45	1,060	830.02	134.73	-411.08
Earnings From Discontinued Operations	-	-	-	-175.15	116.43	-
Net Income to Company	1,357	389.45	1,060	654.87	251.15	-411.08
Minority Interest in Earnings	11.41	0.82	2.4	2.61	-29.8	47.11
Net Income	1,368	390.27	1,062	657.48	221.36	-363.98
Preferred Dividends & Other Adjustments	73.45	76.09	74.38	56.4	45.78	51.24
Net Income to Common	1,295	314.18	987.78	601.08	175.58	-415.22
Net Income Growth	23.70%	-63.26%	61.55%	197.02%	-	-
Shares Outstanding (Basic)	667	667	667	667	671	677
Shares Outstanding (Diluted)	668	668	668	668	671	677
Shares Change (YoY)	0.02%	0.06%	0.01%	-0.49%	-0.84%	-0.56%
EPS (Basic)	1.94	0.47	1.48	0.90	0.26	-0.61
EPS (Diluted)	1.94	0.47	1.48	0.90	0.26	-0.61
EPS Growth	25.79%	-68.22%	64.21%	244.17%	-	-
Free Cash Flow	502.86	203.41	176.62	632.96	629.84	-1,856
Free Cash Flow Per Share	0.75	0.30	0.27	0.95	0.94	-2.74
Dividend Per Share	0.400	0.400	0.724	0.394	0.201	-
Dividend Growth	-34.43%	-44.75%	83.76%	96.02%	-	-
Gross Margin	21.64%	23.23%	32.24%	25.38%	35.55%	40.94%
Operating Margin	9.30%	10.45%	17.64%	12.61%	10.82%	-15.78%
Profit Margin	26.55%	6.31%	20.39%	10.22%	5.14%	-11.07%
Free Cash Flow Margin	10.31%	4.09%	3.65%	10.76%	18.43%	-49.49%
EBITDA	667.08	750.8	1,042	1,228	845.02	-392.42
EBITDA Margin	13.68%	15.09%	21.50%	20.88%	24.73%	-10.46%
D&A For EBITDA	213.3	230.75	187.17	486.34	475.18	199.67
EBIT	453.78	520.06	854.83	741.95	369.85	-592.09
EBIT Margin	9.30%	10.45%	17.64%	12.61%	10.82%	-15.78%
Effective Tax Rate	20.80%	42.65%	22.16%	29.53%	37.87%	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.