Tallink Grupp As · OMXTSE:TAL1T
Tallink Grupp As — AS Tallink Grupp — Q3 2025 Earnings Presentation
15 slides from Tallink Grupp As's earnings presentation, October 2025
Slide 1: Q3 2025 AS Tallink Grupp
Q3 2025 AS Tallink Grupp October 2025
Slide 2: Presenter
Presenter MARGUS SCHULTS MEMBER OF THE MANAGEMENT BOARD 2
Slide 3: Tallink Grupp key facts as at the end of Q3 2025
Tallink Grupp KEY FACTS ABOUT TALLINK GRUPP as at the end of Q3 2025 The leading European provider of leisure and business travel and sea transportation services in the Baltic 12 vessels* 5 regular routes Sea region. 11 passenger vessels on the Baltic Sea 1 cargo vessel* 3 vessels in charter 3.5 mil
Slide 4: Fleet composition & deployment end of Q3 2025
Fleet composition & deployment end of Q3 2025 Tallinn - Helsinki Tallinn - Stockholm Helsinki - Stockholm Chartered Megastar Baltic Queen Silja Symphony Galaxy I Vessel type High-speed ro-pax Vessel type Cruise ferry Vessel type Cruise ferry Vessel type Cruise ferry Built/renovated 2017 Built/renova
Slide 5: Q3 2025 revenues
Q3 2025 revenues Selected Key Figures • Revenue EUR 233.1 (EUR +1.2m or +0.5% vs LY) Q3 2024 Q3 2025(1) Change (financials in million euros) — Solid quarter, maintaining steady growth in most key Number of passengers 1,715,496 1,766,335 3.0% operational segments despite of low consumer Number of car
Slide 6: Sales & results by geographical segments Q3 2025
Sales & results by SEGMENT SALES (in million euros) geographical 240 232 6 8.6 -7.7 0.4 -0.1 0.1 233 segments Q3 2025 200 160 120 • The Group accounts for 48% of passenger 80 traffic between Estonia-Finland and 36% 40 between Finland-Sweden. 0 • The Group is the only passenger traffic Q3 Estonia Est
Slide 7: Sales by operational segments Q3 2025
Sales by REVENUE STRUCTURE Q3 2025(1) operational Restaurant & shop sales 45% Cargo 8% segments Q3 2025 Accommodation 3% Charter 7% • Ticket sale driven by strong demand for Other short haul travelling during peak season. 2% • Sale of cargo transportation remains challenging due to competition and T
Slide 8: Dynamics of seasonality
Dynamics of seasonality Passengers (millions) Cargo (th. units) 500 10 410 8 400 96 324 303 6 5.5 5.7 5.6 300 76 Q4 102 65 1.3 1.3 1.3 4.2 185 4 200 76 67 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 Revenue (in m
Slide 9: Dynamics of seasonality
Dynamics of seasonality Quarterly net result (in million euros) 2022 2023 2024 9M2025(1) net profit 14M€ net profit 79M€ net profit 40M€ net profit 5M€ 70 50 30 49 38 37 41 33 10 17 6 2 3 -5 -5 -3 -10 -33 -40 -30 -50 Notes: (1) 2025 unaudited Most of profits are typically earned in summer, the high
Slide 10: Consolidated income statement
Consolidated income statement In million euros 9M 2024 9M 2025 Q3 2024 Q3 2025(2) Sales 602 577 232 233 Cost of sales (1) -475 -476 -165 -166 Marketing & administrative cost (1) -71 -69 -23 -22 Other operating items, net 20 1 0 1 Result from operating activities 76 33 44 46 Income tax -9 -12 0 0 EBI
Slide 11: Consolidated cash flow statement
Consolidated cash flow statement In million euros 9M 2024 9M 2025 Q3 2024 Q3 2025(1) Operating cash flow 127 107 55 55 Capital expenditure -16 -27 -5 -5 Asset disposal 24 71 0 6 Interest received 1 0 0 0 Income tax on dividends paid -5 -5 -5 -5 Free cash flow 131 146 45 51 Debt financing (net effect
Slide 12: Consolidated statement of financial position
Consolidated statement of financial position In million euros 31.12.2024 30.06.2025(2) 30.09.2025(2) 30.09.2025(2) Total assets 1,463 1,414 1,359 Non-current assets 1,356 1,267 1,239 1400 Cash Current assets 108 147 120 Other - of which cash 19 Other liabilities 36 32 assets Total liabilities 682 71
Slide 13: Loan portfolio structure
Loan portfolio Long-term bank loans structure 700 84.2 90 • Long-term bank loans of EUR 389 million as at 30 September 2025: 600 80 16 — 3 loan agreements outstanding: 70 syndicated loan and two ship 500 60 building loans; 400 50 746 — Maturing 3 – 9 years; 663 40 300 587 555 — EUR denominated, fixe
Slide 14: Q&A
Q&A MARGUS SCHULTS MEMBER OF THE MANAGEMENT BOARD 14
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