Business
Aktsiaselts Infortar 2025 audited Annual Report
The Supervisory Board of Aktsiaselts Infortar approved the audited annual report for 2025 and will submit it to the Annual General Meeting for approval. Major Events Maritime transport 2025 financial year, Tallink carried 5.5 million passengers, which is down 0.9% compared to the financial year 2024. The number of cargo units transported decreased by 19.2% to 245,004 while the number of passenger vehicles was down by 2.2% to 760,473, year-on-year. Cargo vessel Sailor was sold and the charter agr
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The Supervisory Board of Aktsiaselts Infortar approved the audited annual report for 2025 and will submit it to the Annual General Meeting for approval. Major Events Maritime transport 2025 financial year, Tallink carried 5.5 million passengers, which is down 0.9% compared to the financial year 2024. The number of cargo units transported decreased by 19.2% to 245,004 while the number of passenger vehicles was down by 2.2% to 760,473, year-on-year. Cargo vessel Sailor was sold and the charter agreement of the cruise ferry Silja Europa was extended until the end of January 2027 with the option of extending the agreement for another year. Energy In the 2025 financial year, Elenger delivered a total of 18 TWh LNG cargoes to the Inkoo and Klaipėda terminals (2024: 18 TWh). Market share in the Finnish–Baltic region reached approximately one quarter. Gas inventories were stored not only in the Latvian underground gas storage facility, but also in Poland and Germany. Sales in Estonia at the end of the year accounted for 15% of the energy sales of the total volume. The company´s market share was 21%. Real estate and infrastructure INF Infra continued the construction of Rail Baltica’s mainline on the Kangru-Saku section. The contract value is EUR 67.2 million, and the work is planned to continue until March 2028. Construction on a commercial space for Depo (DIY Store) in Lasnamäe continued. The project is scheduled for completion in the fall of 2026. Key figures of financial year 1 Earnings per share (in euros) is calculated as follows: profit/loss attributable to the owners of the parent, in absolute figures, divided by the number of shares, excluding own shares. Revenue During the 12 months of the 2025 financial year, the Infortar group’s consolidated revenue increased by EUR 465.225 million, reaching EUR 1,837.000 million (consolidated revenue for the 12 months of 2024 amounted to EUR 1,371.775 million). The addition of new companies to the consolidation group compared to the previous year had a significant positive impact. EBITDA and Segment Reporting The 60 percent increase in EBITDA was primarily driven by the full 12-month consolidation of Tallink Grupp, an approximately EUR 12 million improvement in Elenger’s EBITDA and the contribution from the agriculture segment, including Estonia Farmid and Halinga. The Maritime Transport segment’s EBITDA amounted to EUR 119.528 million in the 2025 financial year (EUR 175.181 million in the 2024 financial year). Tallink’s 2024 results were primarily impacted by the challenging economic environment in its home markets and the lowest level of consumer confidence in the past decade. The Energy segment’s EBITDA amounted to EUR 89.323 million in the 2025 financial year (EUR 77.235 million in the 2024 financial year). The profitability of the Energy segment was positively influenced by the results of network companies. In the Real Estate segment, profitability is assessed based on the EBITDA of the separate real estate companies. Real Estate EBITDA totalled EUR 14.748 million in the 2025 financial year (EUR 14.309 million in the 2024 financial year). Additionally, the Rimi Logistics Centre was included in the reporting in the 2025 financial year. Total Profit The consolidated net profit for the 2025 financial year amounted to EUR 69.857 million (EUR 193.670 million in the 2024 financial year). Excluding the one-off gain from the Tallink acquisition in 2024, the underlying profitability of the Group improved in 2025. Financing Loan and lease liabilities totalled EUR 1,071.353 million in the 2025 financial year (EUR 1,223.287 million in the 2024 financial year). The net debt to EBITDA ratio was 3.0. Dividends In accordance with the dividend policy, the objective is to pay dividends of at least EUR 1 per share per financial year. Dividend payments are made in two instalments. The Management Board of Infortar Group intends, in coordination with the Supervisory Board, to propose a dividend of EUR 3.02 per share for the 2025 financial year. According to the proposal, the payments will be made in July and December 2026. The dividend consists of three components: EUR 1 per share, paid in accordance with the dividend policy; the dividend received from AS Tallink Grupp, 1.48 euros per share; an additional dividend 0.54 euros per share, paid based on the 2025 financial results. The total number of Infortar shares amounts to 21 166 239 from which the company’s own shares shall be deducted. Consolidated statement of financial position Consolidated statement of profit or loss and other comprehensive income Consolidated statement of cash flows statement Infortar operates in seven countries. the company's main fields of activity are maritime transport. energy and real estate. Infortar owns a 68.47% share in Tallink Grupp. a 100% share in Elenger Grupp and a versatile and modern real estate portfolio of approx. 141.000 m 2 . In addition to the three main areas of activity Infortar also operates in agriculture, engineering, construction minerals, printing sector, services and other areas. A total of 109 companies belong to the Infortar group, including 4 affiliated companies and 4 subsidiaries of affiliated companies. Excluding affiliates Infortar employs 6466 people. Additional information: Kadri Laanvee Investor Relations Manager Phone: +372 5156662 e-mail: [email protected] www.infortar.ee/en/investor Attachments