Grindrod Ltd Unsp/Adr (GRDLY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Grinrod's 2025 Annual Financial Results presentation. My name is Reshmi Soni from Investor Relations. I am delighted to welcome our analysts, shareholders, and members of our management team this morning. Thank you for your interest in Grinrod. A special welcome to our non-executive directors who are also online. Today's session, we will cover the 2025 financial performance having a look at our financial performance, our divisional performance, ending with our outlook. We will then proceed to a question and answer session. With us this morning, our CEO, Quasima Basso, and Fatima Ali, our CFO. Before we commence, please take note of the forward-looking slide on your screen. I will allow you to peruse this at your own time. With that, I hand over to Kwazi. Thank you, Rashmi. Good morning, everyone. And thank you for taking time to join us today. The year 2025 was marked by geopolitical tensions and trade policy uncertainty. Our success in executing our strategy and continued focus on operational excellence has assisted in limiting the impact of this volatility. We closed off on key strategic milestones in 2025. We concluded the 1.4 billion rent TCM acquisition, which is now under our full control. We successfully executed an exit from our shareholding in our non-strategic marine fuel business, securing cash of R102 million. We exited our exposure to KwaZulu-Natal North Coast property and secured R500 million in the process. Now let's take a closer look at the macroeconomic environment. As I've stated earlier, the period under review reflects a complex global operating environment. One that is characterized by elevated geopolitical risks and challenging environment. This has placed pressure on regional economic conditions resulting in shiftin...