Tallinna Sadam As · OMXTSE:TSM1T
Tallinna Sadam As — Q1 2026 Earnings Presentation
16 slides from Tallinna Sadam As's earnings presentation, May 11, 2026
Slide 1: Results of 2026 Q1
Results of 2026 Q1 11.05.2026
Slide 2: Results of the Q1
Results of the Q1 • Revenue remained at the same level as a year ago, although operating volumes decreased (balancing effect of higher fees) • Costs increased mainly due to higher energy and fuel costs with the total effect of ca 1.3 million euros • Q1 results of the last year were positively influe
Slide 3: Main events in Q1
Main events in Q1 • Decrease in volumes, severe winter conditions • Agreement to use the ferry Regula as a replacement vessel until the end of 2028 • The new quay built in Paldiski South Harbour received use permit and received first ship calls • Cruise season started already in March • Civil court
Slide 4: Trends in Q1 by business segments
Trends in Q1 by business segments • PASSENGERS – decrease in PAX numbers (–3.3%), PAX vessel calls (–5.2%) and revenue (–0.3%). 3 ships were in drydocks. • CARGO – decrease in cargo volumes (–8%), in vessel calls (–12%), and in revenue (– 2.3%). Growth in ro-ro (+2.0%) and general cargo (+57%). • FE
Slide 5: Passenger volume 2022-2025
Passenger volume 2022-2025 Q1 10 5 672 5 548 5 585 5 584 2000 1500 9 8,2 8,3 5000 1 354 7,9 1 283 8 7,0 0,6 0,5 PAX vessel calls 1500 1 413 –3,3% 1365 0,5 7 4000 PAX vessel calls Thousand PAX 90 1000 0,5 Million PAX 79 6 5 3000 1000 4 1 276 7,0 7,2 7,3 2000 1234 500 3 6,2 500 2 1000 1 0 0 0 0 2025 2
Slide 6: Cargo volume Q1 2022-2025
Cargo volume Q1 2022-2025 4 1200 25 2000 3,6 –7.9% 1800 1000 0,5 3,1 20 17,8 1458 1600 Cargo vessel calls 3 1435 1380 1418 1400 Cargo vessel calls Million tonnes 0,7 800 2,1 13,1 +5.1% 13,8 Million tonnes 0,5 15 12,6 1200 2,9 1000 2 0,5 600 2,1 2,1 1,6 1,9 10 2,6 2,7 800 1,6 6,9 2,2 400 600 351 1 30
Slide 7: Shipping volumes: ferry segment
Shipping volumes: ferry segment Q1 2022-2025 400 3,0 364 359 350 -1.2% 2,5 2,4 2,5 2,5 2,3 300 Million PAX/vehicles Thousand PAX/vechicles 2,0 250 197 200 195 +0.9% 1,5 1,2 1,2 1,1 1,1 150 1,0 100 0,5 50 0 0,0 2025 2026 2022 2023 2024 2025 Passengers Vehicles Passengers Vehicles
Slide 8: Shipping volumes: MPSV Botnica
Shipping volumes: MPSV Botnica Q1 2022-2025 100% 100% 100 100% 300 100% 90 90 90 90% 90% 250 249 80 80% 231 80% 221 70 70% 68% 70% 200 179 60 60% 63% 60% 60% Charter days Charter days 50 50% 150 49% 50% 40 40% 40% 100 30 30% 30% 20 20% 20% 50 10 10% 10% 0 0% 0 0% 2025 2026 2022 2023 2024 2025 Charte
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 • Exploitation of multifunctional quay in Paldiski • Industrial park campaign (eastern part of the Muuga development area) • Preparation of the real e
Slide 10: Results of the Group in Q1
Results of the Group in Q1 In thousand euros Q1 2026 Q1 2025 +/- % Revenue 28 170 28 354 –184 –0.7% Adjusted EBITDA 11 573 13 917 –2 344 –16.8% Adjusted EBITDA margin 41.1% 49.1% 8 - Operating profit 5 695 8 258 –2 562 –31.0% Income tax 0 0 0 - Profit for the period 4 574 6 812 –2 238 –32.9% Investm
Slide 11: Results by business segments
Results by business segments Q1 segments (mEUR) Passenger H 3,1 7,6 3,3 7,6 Cargo H 3,3 7,9 3,4 8,1 Ferry 2,5 8,6 3,6 8,6 Other 2,7 4,0 3,7 4,0 0 1 2 3 4 5 6 7 8 9 10 Adj. EBITDA 2026 Adj. EBITDA 2025 Revenue 2026 Revenue 2025
Slide 12: Cash Flow and Financial Position
Cash Flow and Financial Position Cash Flow statement Financial position 700 In thousand euros Q1 2026 Q1 2025 +/– 600 Cash from operating 500 11 904 20 272 –8 368 activities 385 381 EUR million 400 Cash used in investing 992 –440 1 432 576 activities 581 300 Free cash flow (FCF) 12 896 19 832 –6 936
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 12,0 119 20 20 8,1 10,8 8 8,2 8 110 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 50 50 38 50 40 40 29,5 8,8 28 30 30 MEUR MEUR 30 10,7 20 20 9,7 9 8
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 3,9 60,0 57 6,5 3 5,7 3 5 5 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 20 15 15 15,9 15 20,0 MEUR MEUR 3,0 10 12 10 4,6 4 5 3 4,0 3,7 13,
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