Mozambique: CFM’s 2025 profits fall 22.7%

According to the 2025 annual report and accounts, accessed by Lusa on Monday, the company recorded a net profit of 1.994 billion meticais (€30.9 million), down from profits of 2.580 billion meticais (€40 million) achieved in 2024. CFM said performance was affected by the “contraction of economic activity in the first quarter due to economic agents’ insecurity, associated with post-election social unrest”, characterised between October 2024 and March 2025 by road blockades and looting of commercial establishments. The company also pointed to the country’s “foreign currency shortages”, which “significantly affected the import of fuel and other products”, restricting rail transport and the handling of cargo at ports.

The report also highlights 104 railway derailments, including 43 in the southern region and 61 in the central region, which caused estimated damage of around 512 million meticais (€7.9 million). Despite this, revenue from sales and services increased by 4.1% to 21.387 billion meticais (€331.4 million), driven by freight transport and cargo handling, the company’s main source of revenue. Financial income increased to 3.940 billion meticais (€61 million), compared with 2.916 billion meticais (€45.2 million) in 2024, mainly benefiting from higher 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, while cash holdings increased to almost 7 billion meticais (€108.4 million). CFM is a state-owned company wholly owned by the Mozambican government and responsible for managing a significant share of the country’s railway 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 several specialised terminals. At the same time, the company operates under a model that combines direct management and concessions granted to private operators across several rail and port systems, including the Maputo, Beira and Nacala corridors, while also maintaining stakes in several companies linked to logistics and port activities.