Transnet announced a loss of R1.9 billion in the 2024/2025 financial year. This is a 73,7% improvement on the R7.3 billion loss the state-owned entity recorded in the previous financial year.
The parastatal presenting its annual financial results at the Johannesburg Stock Exchange on Friday (5 September 2025) also reported a 7.8% increase in revenue (R82.7 billion), while its net operating expenses decreased by 4.9% to R52.1 billion. It increased its capital expenditure from R16,9 billion to R24 billion.
“(We) experienced significant improvement in the operating environment, particularly in the rail business, owing to implementation of the Recovery Plan,” it said in a statement.
Transnet’s recovery plan was implemented in October 2023 to address the numerous constraints on its operational performance and to stabilise and improve volumes.
“The annual improved revenue performance, reliable cash generation from operations after working capital changes and improved rail volume performance, collectively provides an adequate platform for Transnet to continue its drive to sustainable profitability.”
The last financial year was also good in terms of security.
The group recorded a 23% decline in security incidents, down to 6 345 from 8 234 the previous year. Freight Rail accounted for over 90% of these, with hotspots in Gauteng, Mpumalanga, and KwaZulu-Natal.
“Fuel theft at pipelines dropped by 73%, reflecting the success of targeted security interventions,” Transnet noted.