AS Tallink Grupp Reports Q2 2025 Interim Financial Results

Overview of AS Tallink Grupp's Financial Performance in Q2 2025

In the second quarter of 2025, AS Tallink Grupp reported carrying 1,488,128 passengers, reflecting a 2.5% increase from the same period in the previous year. However, the transport of cargo units saw a notable decrease of 22.8%, scaling down to 67,038 units. There was a slight increase in passenger vehicles, which rose by 1.4%, totaling 212,782.

Revenue and Profitability

The unaudited consolidated revenue for the Group reached EUR 207.0 million. This marks a small decline compared to EUR 210.0 million during Q2 2024. Further, the unaudited EBITDA for this quarter was reported at EUR 37.4 million, down from EUR 46.6 million in Q2 2024. The Group recorded an unaudited net loss of EUR 2.5 million for the quarter, a stark contrast to the net profit of EUR 6.1 million observed in the previous year.

Operational Factors Influencing Results

The operational results were influenced by several factors including:

• Ongoing low consumer and business confidence levels.
• Economic challenges affecting core markets.
• Geopolitical tensions globally.

Fleet and Asset Management

By the end of the quarter, AS Tallink Grupp was managing a fleet of 13 vessels, which includes two shuttle ships and six that are passenger-focused. The Group has also entered into a sale-purchase agreement with the Irish Continental Group plc for the sale of the passenger vessel Star I during April 2025.

Hotel Operations and Revenue Segmentation

In addition to maritime operations, the Group has maintained three hotels in Tallinn and one in Riga. Revenue from route operations, which represent the core business, saw a drop of EUR 1.0 million, settling at EUR 167.8 million for Q2 2025, compared to the previous year's figures.

Performance by Route

On the Estonia-Finland route, the number of passengers increased by 4.9%, while cargo transport dropped by 23.9%. Revenue held steady at EUR 84.6 million, despite segment results declining to EUR 20.5 million from EUR 25.6 million year-on-year.

Financial Health and Investments

Investments made during the second quarter totaled EUR 8.4 million, with significant portions dedicated to vessel refurbishment and IT system enhancements. As of June 30, 2025, the net debt decreased to EUR 459.7 million from EUR 569.1 million at the end of the previous quarter, reflecting a focus on reducing liabilities.

Dividends and Shareholder Insights

AS Tallink Grupp remains committed to returning value to shareholders, having resolved to pay dividends amounting to EUR 0.06 per share in 2025, disbursed in two installments. With the total amount set at EUR 44.6 million, the first portion was paid out early July.

Conclusion and Future Outlook

Moving forward, AS Tallink Grupp plans to persistently monitor the developments on all routes, while seeking new opportunities to enhance operational efficiency and profitability. The strategic focus will hinge on reducing costs, maximizing fleet utilization, and cultivating strong partnerships.

Frequently Asked Questions

What is the current passenger count for AS Tallink Grupp?

AS Tallink Grupp carried 1,488,128 passengers in Q2 2025, marking a 2.5% increase from the previous year.

What was the financial outcome for AS Tallink Grupp in Q2 2025?

The Group reported a net loss of EUR 2.5 million, compared to a net profit of EUR 6.1 million in Q2 2024.

How many vessels does AS Tallink Grupp operate?

As of June 30, 2025, the Group operated a total of 13 vessels, including both passenger and shuttle ships.

What are the Group's dividend plans for 2025?

In 2025, AS Tallink Grupp plans to distribute dividends totaling EUR 0.06 per share in two installments.

How has the Group's net debt changed recently?

The net debt decreased to EUR 459.7 million by the end of Q2 2025, down from EUR 569.1 million at the beginning of the quarter.

About The Author

Olivia Taylor here, a 26-year-old writer and financial advisor. After earning a degree in finance, I worked in the sector for years. I've always loved numbers and had a talent for simplifying difficult financial ideas so that anyone could understand. I wrote my first book because of this passion; it helps readers take charge of their financial futures by fusing real-life stories with useful financial advice.

Whether they are just beginning their careers, preparing for significant life events, or seeking to invest wisely, my goal with my writing is to enable people to make educated financial decisions. The foundation of my work is the conviction that security and freedom of the individual are largely determined by financial literacy. To further financial education, I run workshops and frequently write for financial blogs in addition to my books.

I like to travel, experience other cultures, and find inspiration in daily life when I'm not writing or examining market trends. My passion is utilizing sound financial practices to help people reach their financial objectives and lead the best lives possible.

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