Tallinna Sadam As · OMXTSE:TSM1T
Tallinna Sadam As — Q2 2026 Earnings Presentation
16 slides from Tallinna Sadam As's earnings presentation, Aug 10, 2026
Slide 1: Results of 2026 Q2
Results of 2026 Q2 10.08.2026
Slide 2: Results of the Q2
Results of the Q2 • Revenue increased by 5.4% - influenced by increase in charter days of icebreaker Botnica, in cruise ship visits and sale of electricity services • Operating expenses increased mainly due to higher fuel costs and extraordinary ship repairs necessitated by ice conditions, with the
Slide 3: Main events in Q2
Main events in Q2 • Decrease in volumes • Annual general meeting and distribution of dividends • Adoption of two detail plans by Tallinn City Council • Icebreaker Botnica works in the North Sea • Additional trips of the ferry Regula in summer 2026 • Signing loan agreement with OP bank • 5th rank amo
Slide 4: Trends in Q2 by business segments
Trends in Q2 by business segments • PASSENGERS – decrease in PAX numbers (–1.1%) and PAX vessel calls (–4.4%), increase in revenue (+5.1%) • CARGO – decrease in cargo volumes (–2.3%), in vessel calls (–1.3%), and in revenue (–2.7%) • FERRY – increase in revenue (+3.0%), in number of vehicles (+2.8%)
Slide 5: Passenger volume
Passenger volume 2023-2026 Q2 2025/2026 10 5 548 5 585 5 584 3000 1500 1 427 9 8,2 8,3 5000 1 364 7,9 2500 2 247 2 221 8 0,5 0,6 PAX vessel calls –1.1% 7 0,5 4000 –2.0% PAX vessel calls Thousand PAX 2000 143 136 1000 Million PAX 6 2 781 3000 1500 5 2 647 4 3,7 3,6 1 972 7,0 7,2 7,3 2000 1000 500 0,5
Slide 6: Cargo volume
Cargo volume Q2 2025/2026 2023-2026 4 1200 25 2000 –2.3% 3,5 3,4 1800 1000 20 1600 1435 Cargo vessel calls 3 0,5 0,5 1380 1418 1400 Cargo vessel calls Million tonnes 800 13,8 –5.0% Million tonnes 0,6 0,6 15 12,6 13,1 1200 2,1 1000 2 600 1,9 2,1 724 1,7 1,7 10 2,7 676 800 2,2 2,6 10,2 400 10,2 600 37
Slide 7: Shipping volumes: ferry segment
Shipping volumes: ferry segment Q2 2025/2026 2023-2026 800 3,0 683 693 700 +1,8% 2,4 2,5 2,5 2,5 600 Million PAX/vehicles Thousand PAX/vechicles 2,0 500 400 327 +2.8% 336 1,5 1,2 1,2 1,1 1,1 300 1,0 1,0 200 0,5 0,5 0,5 100 0 0,0 2025 2026 2023 2024 2025 2025 6M 2026 6M Passengers Vehicles Passengers
Slide 8: Shipping volumes: MPSV Botnica
Shipping volumes: MPSV Botnica Q2 2025/2026 2023-2026 45 100% 250 100% 231 40 221 40 90% 90% 35 80% 200 80% 179 70% 72% 70% 30 60% 150 63% 61% 60% 60% 130 Charter days Charter days 25 20 44% 50% 49% 110 50% 20 40% 100 40% 15 30% 30% 22% 10 20% 50 20% 5 10% 10% 0 0% 0 0% 2025 2026 2023 2024 2025 2025
Slide 9: Future outlook
Future outlook • Cruise vessel calls and passenger numbers increase • New ro-ro and container lines • Development of new maritime transport corridors • Industrial park campaign (eastern part of the Muuga development area) • Preparation of the real estate business, RE tender and development of Old Ci
Slide 10: Results of the Group
Results of the Group Q2 and 6 months In thousands Q2 2026 Q2 2025 +/- 6M 2026 6M 2025 +/- Revenue 31 092 29 508 5.4% 59 262 57 862 2.4% Adjusted EBITDA 14 196 15 888 –10.7% 25 769 29 805 –13.5% Adjusted EBITDA margin 45.7% 53.8% –8.1 43.5% 51.5% –8.0 Operating profit 7 883 10 028 –21.4% 13 578 18 28
Slide 11: Results by business segments
Results by business segments Q2 and 6 months Q2 segments (mEUR) 6 months segments (mEUR) Passenger H 6,5 11,3 Passenger H 9,6 18,9 6,5 10,8 9,8 18,4 Cargo H 4,0 7,9 Cargo H 7,3 15,8 5,7 8,2 9,1 16,3 Ferry 3,4 10,0 Ferry 5,9 18,6 4,0 9,7 7,7 18,3 0,3 Other 1,9 3,1 5,9 -0,3 0,9 Other 3,3 4,9 -2 3 8 0
Slide 12: Cash Flow and Financial Position
Cash Flow and Financial Position Cash Flow statement Financial position 700 In thousand euros 6M 2026 6M 2025 +/– 600 Cash from operating 500 18 151 26 293 –8 142 activities 381 368 EUR million 400 Cash used in investing –399 19 999 –20 398 activities 581 573 300 Free cash flow (FCF) 17 752 46 292 –
Slide 13: Revenue generation
Revenue generation Passenger harbours Cargo harbours Total revenue 50 50 40 150 40 40 33 9,1 30 30 130 MEUR MEUR 9,1 12,0 19 119 20 20 8,1 16 10,8 11,3 8,2 7,9 110 10 10 29,2 7,6 7,6 8,1 7,9 0 0 90 2025 2026 2025 2026 MEUR 31,7 Other 70 Ferry 59 50 50 38 50 40 40 29,5 31,1 8,8 30 30 MEUR MEUR 30 10,
Slide 14: EBITDA generation
EBITDA generation Passenger harbours Cargo harbours Total adj. EBITDA 25 25 80,0 21 20 3,9 20 17 15 15 3,9 MEUR MEUR 7,2 10 10 10 3,9 7 60,0 57 6,5 6,5 5,7 5 5 4,0 3,3 3,1 3,4 3,3 11 0 0 2025 2026 2025 2026 MEUR 40,0 Ferry Other 15,5 25 25 20 26 20 15 15 15,9 15 20,0 14,2 MEUR MEUR 3,0 10 10 4,6 4 6
Slide 15: Q&A session
PORT OF & TALLINN Q&A session
Slide 16: Thank You!
Thank You! portoftallinn.com • ts.ee/en/investor • portoftallinn Related image Image result for facebook icon white png
Tallinna Sadam AS (Port of Tallinn) — Q2 2026 Earnings Presentation on 6ix