Tallink Grupp As · OMXTSE:TAL1T
Tallink Grupp As — AS Tallink Grupp — Q2 2026 Earnings Presentation
16 slides from Tallink Grupp As's earnings presentation, July 2026
Slide 1: Q2 2026 AS Tallink Grupp
Q2 2026 AS Tallink Grupp July 2026
Slide 2: Presenters
Presenters PEEP JALAKAS HARRI HANSCHMIDT CHAIRMAN OF THE MANAGEMENT MEMBER OF THE MANAGEMENT BOARD BOARD 2
Slide 3: Q2 2026 key takeaways
• Stable revenue development Revenue remained at the prior-year level despite the suspension of the Paldiski-Kapellskär route, with continued growth in cargo Q2 2026 • transportation supporting the result. Higher operating costs key takeaways The cost base increased due to significantly higher fuel
Slide 4: Tallink Grupp in glance as at the end of Q2 26
Tallink Grupp TALLINK GRUPP in glance as at the end of Q2 2026 The leading European provider of leisure and business travel and sea transportation services in the Baltic 11 vessels incl 5 regular routes Sea region. 9 passenger & on the Baltic Sea 2 shuttle vessels 3 vessels in charter incl 3.6 milli
Slide 5: Fleet composition & deployment
Fleet composition & deployment Tallinn - Helsinki Tallinn - Stockholm Chartered Megastar Baltic Queen Galaxy I Vessel type High-speed ro-pax Vessel type Cruise ferry Built/renovated 2017 Built/renovated 2009 Vessel type Cruise ferry Route Estonia-Finland Route Estonia-Sweden Built/renovated 2006 Oth
Slide 6: Q2 & 6M 2026 highlights
Q2 & 6M 2026 highlights — Geopolitical situation in the Middle East added volatility Selected Key Figures to energy markets. In Q2, the Group’s fuel costs (financials in million Q2 2025 Q2 2026(1) Change 6M 2025 6M 2026(1) Change euros) increased by EUR 8.4 million or 42% y-o-y. Number of passengers
Slide 7: Sales & results by geographical segments Q2 2026
Sales & results by SEGMENT SALES (in million euros) geographical 240 207.0 7 3.6 0.2 -2.2 -2.2 0.6 207.0 200 segments Q2 2026 160 120 • The Group accounts for 48% of passenger 80 traffic between Estonia-Finland and 37% 40 between Finland-Sweden. 0 • The Group is the only operator providing Q2 Estoni
Slide 8: Sales by operational segments Q2 2026
Sales by Ticket sales REVENUE STRUCTURE Q2 2026(1) operational 29% Accommodation segments Q2 2026 2% Charter 6% Restaurant & Other • Weak consumer confidence continues to shop sales 3% 49% impact passenger numbers. Cargo 11% • Temporary closure of Tallink Express Hotel for renovation from November 2
Slide 9: Dynamics of seasonality
Dynamics of seasonality Passengers (millions) Cargo (th. units) 5.7 5.6 5.5 400 6 324 1.3 303 1.3 1.3 300 76 65 245 4 1.8 1.7 Q4 1.8 76 60 2.5 200 67 60 135 Q3 2 1.5 1.5 1.5 85 87 1.5 100 69 67 Q2 1.0 1.1 1.0 1.0 87 85 58 66 Q1 0 0 2023 2024 2025 2026 2023 2024 2025 2026 Revenue (in million euros) E
Slide 10: Impact of seasonality on net result
Impact of seasonality on net result Quarterly net result (in million euros) 2023 2024 2025 2026(1) net profit 79M€ net profit 40M€ net profit 17M€ net loss 25M€ 70 50 30 49 37 41 33 10 6 2 3 12 -5 -5 -3 -3 -10 -22 -33 -30 -50 Notes: (1) 2026 unaudited Most of profits are typically earned in summer,
Slide 11: Consolidated income statement
Consolidated income statement In million euros Q2 2025 Q2 2026(2) 6M 2025 6M 2026(2) Sales 207.0 207.0 344.2 356.4 Cost of sales (1) -167.9 -168.8 -309.9 -312.1 Marketing & administrative cost (1) -24.1 -24.4 -47.2 -48.2 Other operating items, net -0.4 1.0 0.3 1.6 Result from operating activities 14
Slide 12: Consolidated cash flow statement
Consolidated cash flow statement In million euros Q2 2025 Q2 2026(1) 6M 2025 6M 2026(1) Operating cash flow 60.3 50.2 51.6 64.4 Capital expenditure -8.4 -7.3 -21.7 -21.5 Asset disposal 64.6 0.0 64.6 0.0 Free cash flow 116.6 42.9 94.6 43.0 Debt financing (net effect) -89.8 -10.2 -65.3 -8.0 Interests
Slide 13: Consolidated statement of financial position
Consolidated statement of financial position In million euros 30.06.2025 31.03.2026(2) 30.06.2026(2) 30.06.2026(2) Total assets 1,413.7 1,328.7 1,351.9 1400 Non-current assets 1,267.0 1,220.8 1,219.4 Cash Intangibles Other Current assets 146.8 107.9 132.5 liabilities Other - of which cash 36.0 11.8
Slide 14: Loan portfolio structure
Loan portfolio Long-term bank loans structure 11.2 800 12,0 700 • Long-term bank loans of EUR 349.2 million 10,0 as at 30 June 2026: 600 — 3 loan agreements outstanding: 8,0 syndicated loan and two ship 500 building loans; 400 6,0 5.4 3 27 — Maturing 3 – 9 years; 300 3.1 3.3 4,0 — EUR denominated, f
Slide 15: Q&A
Q&A PEEP JALAKAS CHAIRMAN OF THE MANAGEMENT BOARD 15
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