Tallinna Sadam As · OMXTSE:TSM1T
Tallinna Sadam As — Q2 2025 Earnings Presentation
15 slides from Tallinna Sadam As's earnings presentation, Aug 11, 2025
Slide 1: Results of 2025 Q2
Results of 2025 Q2 11.08.2025
Slide 2: Main events in Q2 2025
Main events in Q2 2025 • Increased cargo volumes (+8%) • Higher numbers of passengers (+3.8%) • Increased vessel calls (+2.1%) • Growth in ferry services (passengers, vehicles, additional trips of Regula in 2025) • General meeting of shareholders: - approval of 2024 annual report and dividends - ele
Slide 3: Trends in Q2 by business segments
Trends in Q2 by business segments • PASSENGERS – increase in PAX numbers (+3.8%), in PAX vessel calls (+0.6%), in cruise vessel calls (+46%) and in revenue (+8%). • CARGO – increase in cargo volumes (+8%), increase in vessel calls (+4.5%), and in revenue (+9%). Growth in liquid bulk (+37%), dry bulk
Slide 4: Passenger volume
Passenger volume Q2 2024/2025 2022-2025 10 5 672 5 548 5 585 2 500 2 165 +3.8% 2 247 9 8,2 5000,0 7,9 143 8 7,0 Vessels 2 000 0,6 7 0,5 +2.4% 4000,0 Thousand PAX Vessel calls Million PAX 1 500 6 5 2 717 2 781 3000,0 4 3,6 3,7 1 000 1 891 1 972 7,2 7,0 0,3 0,2 2000,0 3 6,2 500 2 1000,0 3,2 3,2 1 0 0
Slide 5: Cargo volume
Cargo volume Q2 2024/2025 2022-2025 25 2000 4 +7.8% 1800 3,5 3,2 20 1600 17,8 1458 3 0,5 1380 1435 1400 0,5 Million tonnes 2,1 Vessels Vessel calls 15 13,1 +5.5% 1200 0,5 0,6 2,9 12,6 Million tonnes 1000 2 1,9 2,1 10 686 724 800 6,9 2,2 2,6 6,6 6,8 600 1,8 1,7 1,0 1,0 1 5 6,4 6,6 1,2 1,2 400 5,2 3,5
Slide 6: Shipping volumes: ferry segment
Shipping volumes: ferry segment Q2 2024/2025 2022-2025 800 3,0 700 667 +2.4% 683 2,5 2,5 2,4 2,3 600 Thousand PAX/vechicles Million PAX/vehicles 2,0 500 400 1,5 316 +3.4% 327 1,2 1,1 1,1 300 1,0 1,0 1,0 200 0,5 0,5 0,5 100 0 0,0 2024 2025 2022 2023 2024 6M 2024 6M 2025 Passengers Vehicles Passengers
Slide 7: Shipping volumes: MPSV Botnica
Shipping volumes: MPSV Botnica Q2 2024/2025 2022-2025 60 100% 300 100% 54 90% 90% 50 250 249 80% 231 80% 80% 221 70% 68% 70% 40 200 59% 63% 61% 60% 60% 60% Charter days Charter days 145 30 50% 150 50% 40% 110 40% 20 20 100 30% 30% 22% 20% 20% 10 50 10% 10% 0 0% 0 0% 2024 2025 2022 2023 2024 6M 2024
Slide 8: Future outlook
Future outlook • Passenger business recovery continues • New ro-ro and container lines • Industrial parks 2.0 - industrial centers in Muuga and Paldiski Harbours • Multifunctional quay in Paldiski - development and preparations for exploitation • Preparation of the real estate business model, detail
Slide 9: Results of the Group
Results of the Group Q2 and 6 months In thousands Q2 2025 Q2 2024 +/- 6M 2025 6M 2024 +/- Revenue 29 508 31 651 –6.8% 57 862 59 582 –2.9% Adjusted EBITDA 15 888 14 890 6.7% 29 805 27 606 8.0% Adjusted EBITDA margin 53.8% 47.0% 6.8 51.5% 46.3% 5.2 Operating profit 10 028 8 931 12.3% 18 286 15 932 14.
Slide 10: Results by business segments
Results by business segments Q2 and 6 months Q2 segments (mEUR) 6 months segments (mEUR) Passenger H 6,5 10,8 Passenger H 9,7 18,4 5,5 10,0 8,7 17,5 Cargo H 5,7 8,2 Cargo H 9,1 16,3 3,2 7,5 6,8 15,2 Ferry 4,0 9,7 Ferry 7,7 18,3 4,2 9,6 7,6 18,1 -0,3 0,9 Other 3,3 4,9 Other 1,9 4,6 4,5 8,7 -2 0 2 4 6
Slide 11: Cash Flow and Financial Position
Cash Flow and Financial Position Cash Flow statement Financial position 700 In thousand euros 6M 2025 6M 2024 +/– 600 Cash from operating 500 26 293 25 215 1 078 activities 378 369 EUR million 400 Cash used in investing 19 999 –22 433 42 432 573 activities 573 300 Free cash flow (FCF) 46 292 2 782 4
Slide 12: Revenue generation
Revenue generation Passenger harbours Cargo harbours Total revenue 50 50 150 40 38 40 32 8,8 30 30 130 MEUR MEUR 8,9 120 11,5 18 16 20 20 7,9 10,0 10,8 7,5 8,2 110 10 10 28,8 7,5 7,6 7,8 8,1 0 0 90 2024 2025 2024 2025 31,2 MEUR Ferry Other 70 58 50 50 38 50 40 40 32,0 29,5 8,7 30 30 MEUR MEUR 30 10,
Slide 13: EBITDA generation
EBITDA generation Passenger harbours Cargo harbours Total adj. EBITDA 25 25 80,0 20 20 20 4,3 14 15 15 MEUR MEUR 6,8 10 4,0 9 10 10 3,3 60,0 5,5 6,5 5,7 53 5 5 3,2 3,3 3,3 3,6 3,4 0 0 2024 2025 2024 2025 12,2 MEUR 40,0 Ferry Other 25 25 13,3 30 20 20 15 15 15,9 15 20,0 15,4 MEUR 3,0 MEUR 10 10 4,9 8
Slide 14: Q&A session
PORT OF &¢ TALLINN Q&A session
Slide 15: Thank You!
Thank You! portoftallinn.com • ts.ee/en/investor • portoftallinn
Tallinna Sadam AS (Port of Tallinn) — Q2 2025 Earnings Presentation on 6ix