The Annual General Meeting (AGM) of RWT (Railway Transportation Company) was held, during which the Company's remarkable achievements in profitability growth and operational efficiency were highlighted and commended.
According to the International Affairs and Public Relations Department of RWT (Railway Transportation Company), the Annual General Meeting for the fiscal year ending 20 March 2025 (29 Esfand 1404) was held on Wednesday, 1 July 2026 (10 Tir 1405). The meeting was attended by the Chief Executive Officer, Deputy CEO, senior executives of the Railway Employees' Savings Fund, members of the Board of Directors, company managers, and representatives of institutional shareholders
At the beginning of the meeting, the Independent Auditor's and Statutory Inspector's reports were presented. Following a review of the audited financial statements and the Company's annual performance report, the General Assembly approved the reports.
During the presentation of the Company's performance, the CEO and members of the Board referred to the challenging conditions faced by Iran's rail freight industry over the past year, including shrinking industry profit margins, liquidity constraints caused by delayed receivables, disruptions resulting from regional conflicts and the suspension of certain international projects, declining demand for rail freight transportation, and the aging rolling stock.
Despite these challenges, through effective management and the dedicated efforts of its experienced workforce, RWT achieved significant financial and operational results, including:
· 107% growth in net profit
· 51% increase in operating revenue
· Achievement of 128% of the projected net profit
· Achievement of 105% of the projected operating revenue
· Increase in wagon availability from 83% to 93%
· Ranked first in double-stack performance among high-sided wagons
· Increase in the market share of high-sided wagons from 9.9% to 11.4%
· 109% growth in freight tonnage transported by high-sided wagons
· 12% improvement in fleet productivity
The Company also achieved several major strategic accomplishments:
Increase of registered capital by IRR 360 billion
Settlement of foreign currency liabilities
Elimination of foreign exchange penalties
Securing tax exemptions
Collection of receivables through offset agreements
Implementation of a performance-based incentive payment system
Development of a competency framework
Selection of Outstanding Employee of the Year
Dispatch of the first Iranian freight train to Uzbekistan
During the meeting, the Company's management also presented its Vision 2029, emphasizing the goal of becoming Iran's leading rail freight operator through the expansion of logistics services, digital transformation, international market development, and strengthening the Company's brand.
The key priorities for 2026 include:
Development of international transport corridors
Expansion of multimodal transportation
Digitalization of operations
Deployment of management dashboards
Implementation of a wagon-based cost accounting system
Expansion of the Customer Relationship Management (CRM) system
Further improvement of fleet productivity
Development of value-added logistics services
At the conclusion of the meeting, Dr. Nazari, CEO of the Railway Employees' Savings Fund, praised the Company's outstanding achievements, stating that these successes were made possible through the Company's valuable human resources, and emphasized the importance of continuing the path toward excellence and sustainable growth.
