Infortar As · OMXTSE:INF1T
Infortar As — AS Infortar — FY2025 Earnings Presentation
19 slides from Infortar As's earnings presentation, Feb 25, 2026
Slide 1: Unaudited results for 12 months 2025
Unaudited results for 12 months 2025 AS Infortar February 25, 2026
Slide 2: Today's presenters
Today's presenters Martti Talgre Kadri Laanvee Managing Director Head of Investor Relations 2
Slide 3: The largest investment company in Estonia
The largest investment company in Estonia 1 1997 Tallink ( 68.5 % shareholding) Founded Maritime • Passenger and cargo transport Transport • 11 vessels EUR 1 837 million • 4 operating hotels Revenue (2025) EUR 233 million Elenger Grupp EBITDA (2025) • Energy infrastructure Energy • Energy sales EUR
Slide 4: 12 months 2025
12 months 2025 • Profitable growth and return on capital remain the primary focus • International investments have proven their profitability • The acquisition of Estonia Farms tripled agricultural segment EBITDA • Dividend payout increases for the third consecutive year Revenue • Adapting to the ma
Slide 5: 12 months and Q4 results 2025
12 months and Q4 results 2025 Millions of euros 2025 2024 Change Q4 2025 Q4 2024 Change Revenue 1 837 1 372 34% 417 446 -7% EBITDA 233 145 61% 43 28 54% Operating profit (EBIT) 111 77 44% 20 -7 - Net profit 72 194 -62% 14 -12 - Profit attributable to owners of Infortar 73 191 -66% 16 -11 - 1 Earning
Slide 6: Share price development
INFORTAR Share price development INF1T 02.01.2024 - 30.12.2025 45.7€ 419.7 (+75.77%) Jan '24 May ‘24 Sep '24 Jan '25 May ‘25 Sep '25 Jan '26
Slide 7: Dividend proposal
Dividend proposal ~63 million euros Proposed dividend of 3.02 euros per share Total amount of dividends proposed 1 1) Ordinary dividend of 1 euro per share 2024 ~61 million euros 2025 ~62 million euros 2) Tallink dividend pass -through of 1.48 euros per share 3) Additional dividend of 0.54 euros per
Slide 8: Maritime Transport
MARITIME TRANSPORT Infortar’s investment rationale Strong market position in the Baltic Sea region creates attractive long -term investment thesis Crisis forged agile business operations Significant synergies with other group operations
Slide 9: Overview of Tallink
Overview of Tallink Loan obligations and leverage, EUR million AS Tallink Grupp is one of Europe's leading providers of passenger and cargo transport services in the Northern Baltic Sea region 800 6,0 5.4 700 5,0 600 11 vessels (passenger and cargo 4,0 500 3.3 transport) 3.1 400 2.8 3,0 746 3 300 5
Slide 10: Dynamics of seasonality
Dynamics of seasonality Passengers (millions) Cargo (th. units) 500 10 410 8 400 96 324 303 6 5.5 5.7 5.6 5.5 300 Q4 102 76 65 245 1.3 1.3 1.3 1.3 4 200 76 67 60 Q3 1.9 1.8 1.7 1.8 109 60 85 87 Q2 2 1.5 1.5 1.5 100 67 1.6 1.0 1.1 1.0 102 87 85 Q1 0 58 0 2022 2023 2024 2025 2022 2023 2024 2025 Revenu
Slide 11: Energy
ENERGY Infortar’s investment rationale Geographic expansion of proven business models Balanced investments in transitional and renewable energy Strong synergies between existing and new business lines
Slide 12: Key energy supplier in the Baltic-Finnish region
Key energy supplier in the Baltic -Finnish region Energia infrastructure Energy sales Energy production • Largest gas distribution • The leading natural gas supplier in • Largest biomethane producer in network operator in Estonia and the Baltic-Finnish region, LNG Estonia with 3 plants (two in a joi
Slide 13: Key energy supplier in the region
Key energy supplier in the region Energy sales volumes, TWh 18,4 18,0 15,9 11,4 8,1 Revenue, EURm 1025 1010 1027 2021 2022 2023 2024 2025 2023 2024 2025 Elenger Polska’s first year in the Group exceeded expectations EBITDA, EURm Stable cash flows from infrastructure companies generate the majority o
Slide 14: Real Estate
REAL ESTATE Infortar’s investment rationale Diversified, modern portfolio covering multiple real estate segments Secure assets providing stable cash flow generation Stable tenant base secured with long -term lease agreements 14
Slide 15: Real estate portfolio overview
Real estate portfolio overview 46 000 m2 under development, with building permits issued ~ 141 000 m 2 Fair value of real estate portfolio, EURm Size of the operating portfolio Offices 209 225 201 • 6 office buildings 97 92 106 31.12.2023 31.12.2024 31.12.2025 31.12.2023 31.12.2024 31.12.2025 Hotels
Slide 16: Leading milk and biomethane producer
Leading milk and biomethane producer Infortar Agro at a glance 2025* Total Revenue, (EUR m) Milk production (tonnes per year) 57 000 46 Dairy herd and young cattle 8 700 17 6 Land in active cultivation (ha) 13 800 2023 2024 2025 Average number of Employees 230 Agriculture (Dairy Farming) EBITDA, (EU
Slide 17: INF Engineering
INF Engineering Overview, largest projects 2025 Total revenue, (EUR m) Rimi logistics centre (m²) 25 000 66 66 68 Pärnu bridge (opening m) 140 58 Mining permits ( mln m³) 21 2022 2023 2024 2025 Average number of Employees 180 Construction Wide range of construction services, including EBITDA, (EUR m
Slide 18: Infortar as an investment
Infortar as an investment Diversified and expanding portfolio with strong asset base 1. through prudent investments Further growth with focus on international expansion and 2. finding new investment opportunities Agile business mindset focused on value creation and cross - 3. segment synergies Stron
Slide 19: Q&A
Q&A Martti Talgre Kadri Laanvee Managing Director Head of Investor Relations