Maputo, July 27, 2026 (Lusa) - Profits at Portos e Caminhos de Ferro de Moçambique - Ports and Railways of Mozambique (CFM) declined by 22.7% in 2025 to €30.9 million, reflecting, according to the company, post-election unrest, a shortage of foreign currency and more than 100 derailments.
According to the 2025 annual report and accounts, to which Lusa gained access on Monday, the company recorded a net profit of 1.99 billion meticais (€30.9 million), down from 2.58 billion meticais (€40 million) in 2024.
CFM said that its performance reflected the «contraction in economic activity in the first quarter due to uncertainty amongst economic actors, linked to post-election social unrest», characterised, between 1 October 2024 and 1 March 2025, by road blockades and looting of commercial premises.
The company also noted that the «shortage of foreign currency» in the country «significantly affected the import of fuel and other products», creating challenges for rail transport and port handling.
The report also highlighted 104 derailments, of which 43 occurred in the southern region and 61 in the central region, resulting in damage estimated at around 512 million meticais (€7.9 million).
Despite this, revenue from sales and services grew by 4.1% to 21.387 billion meticais (€331.4 million), driven by the transport and handling of goods, the company's main source of revenue.
Financial income rose by 3.940 billion meticais (€61 million), compared with 2.916 billion meticais (€45.2 million) in 2024, benefiting primarily from the increase in dividends received, which rose from 1.687 billion meticais (€26.1 million) to 2.725 billion meticais (€42.2 million).
CFM's assets exceeded 100 billion meticais (€1.55 billion) for the first time, whilst cash and cash equivalents rose to almost 7 billion meticais (€108.4 million).
CFM is a state-owned company wholly owned by the Mozambican state and responsible for managing a significant portion of the country's rail and port infrastructure. The company directly operates the Ressano Garcia, Limpopo and Goba railway lines in the southern region, the Beira railway system in the central region, as well as the ports of Nacala, Pemba and Quelimane and various specialised terminals.
At the same time, the company operates under a model that combines direct management with concessions awarded to private operators across various rail-port systems, including the Maputo, Beira and Nacala corridors, whilst also holding stakes in various companies linked to logistics and port operations.
PVJ/ADB // ADB.
Lusa
