Transnet has reported a R4.6 billion profit for the financial year ended 31 March 2026, reversing a R1.9 billion loss recorded the previous year.
Revenue increased by 7.1% to R88.6 billion, supported by higher rail and pipeline volumes and tariff increases.
Rail volumes rose 4.9% to 167.9 million tonnes, while EBITDA increased slightly to R30.9 billion. Operating expenses, however, rose by 10.8% to R57.7 billion.
Transnet says improved rail reliability, maintenance and asset availability contributed to the recovery, although challenges remain.
A major development was the sale of a 49.999% stake in Durban Gateway Terminal to International Container Terminal Services for R10.5 billion. The transaction generated a R12.5 billion profit and transferred management control to ICTSI, while Transnet retains a 50.001% stake.
The company invested R23.3 billion in infrastructure and equipment during the year. National Treasury has also approved R14.8 billion in grant funding for strategic rail and port projects.
Transnet says further progress has been made on freight logistics reforms, including opening the rail network to private operators.
Agreements have been signed with 11 train operating companies, with the first expected to begin services during the 2026/27 financial year.
The company says its focus remains on improving reliability, increasing freight volumes, attracting private investment and strengthening its long-term financial sustainability.
Revenue increased by 7.1% to R88.6 billion, supported by higher rail and pipeline volumes and tariff increases.
Rail volumes rose 4.9% to 167.9 million tonnes, while EBITDA increased slightly to R30.9 billion. Operating expenses, however, rose by 10.8% to R57.7 billion.
Transnet says improved rail reliability, maintenance and asset availability contributed to the recovery, although challenges remain.
A major development was the sale of a 49.999% stake in Durban Gateway Terminal to International Container Terminal Services for R10.5 billion. The transaction generated a R12.5 billion profit and transferred management control to ICTSI, while Transnet retains a 50.001% stake.
The company invested R23.3 billion in infrastructure and equipment during the year. National Treasury has also approved R14.8 billion in grant funding for strategic rail and port projects.
Transnet says further progress has been made on freight logistics reforms, including opening the rail network to private operators.
Agreements have been signed with 11 train operating companies, with the first expected to begin services during the 2026/27 financial year.
The company says its focus remains on improving reliability, increasing freight volumes, attracting private investment and strengthening its long-term financial sustainability.
