Aktsiaselts Infortar Unaudited Consolidated Interim Report for fourth quarter and 12 months of 2025

About this update from Infortar As

Aktsiaselts Infortar (Infortar) will organize a webinar for introducing fourth quarter 2025 and 12 months results today. Please join the webinar via the following links: 25 February at 12.00 (EET)  Estonian webinar 25 February at 13.00 (EET)  English webinar One of Estonia’s largest companies, Infortar increased its sales revenue by more than one third last year to EUR 1.837 billion, while the company’s EBITDA rose by 60 percent to EUR 233 million. The Group’s equity amounted to EUR 1.178 billion, total assets to EUR 2.588 billion, investments to EUR 125 million, and net profit to EUR 72 million. Over the year, Infortar’s loan liabilities decreased by one sixth to EUR 1.060 billion and net debt declined by one fifth to EUR 841 million. “Infortar’s major investments are now generating returns, cash flows have become more stable, and the Group’s resilience has strengthened. Last year, we reduced our debt burden, increased liquidity, and achieved strong growth in EBITDA as our key performance indicator, where we continue to see further growth potential,” said Ain Hanschmidt, Chairman of the Management Board of Infortar. “Infortar’s core business segments made a strong contribution, but there is certainly still room for further improvement. In maritime transport, it was an extremely challenging year, yet the debt burden was significantly reduced and Tallink is paying its shareholders a solid dividend. Infortar will pass on Tallink’s dividends to its own shareholders together with its base dividend and additional dividend. We are optimistic about 2026 and believe that Tallink can become even stronger and more efficient. In energy, it is encouraging to note that our recent international investments have proven their worth – both Gaso and Elenger Polska delivered excellent results. Elenger Group’s profit and cash flows are well diversified across different business areas and countries, which in turn supports the growth and expansion in the future,” said Hanschmidt. “Our focus has been on actively managing and developing the portfolio in a way that diversifies risk, generates stable cash flows and enables investment even during the most challenging periods. The maritime transport, energy and real estate sectors behave differently across economic cycles, and it is precisely this difference that provides strength,” Hanschmidt noted. “Last year’s significant expansion in agriculture, including the acquisition of the Estonia dairy farms, was a strategic step to balance the portfolio and at the same time a long-term investment. Food production, energy and infrastructure are not short-term trends but the foundations of the economy. We view these sectors as an integrated whole, where synergy creates additional value,” Hanschmidt added. Major Events Maritime transport In the fourth quarter of the 2025 financial year, Tallink carried 1.3 million passengers which is down by 0.3% compared to the same period last 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 Elenger Grupp, the largest private energy company in the Finnish and Baltic region, sold a total of 4.8 TWh of energy in Q4 2025. Sales in Estonia accounted for 15% of the energy sales of the total volume. The company´s market share was 21% in the fourth quarter. 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 40 000 square-meter commercial space for Depo (DIY Store) in Lasnamäe continued. The project is scheduled for completion in the fall of 2026. Key financial figures Notes: *EPS (in euros) is calculated as: profit/loss attributable to the owners of the parent * 1000 / number of shares of which own shares are excluded. ** Investment loans / EBITDA annualized for comparability actual EBITDA of Tallink Grupp has been used. 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 124.187 million in the 2025 financial year (EUR 175.181 million in the 2024 financial year). Tallink’s 2025 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. Net Profit The consolidated net profit for the 2025 financial year amounted to EUR 71.969 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 1,060.453 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 statements of financial position Consolidated Income Statement of Comprehensive Income Consolidated Cash Flow 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 m2. 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: 100 subsidiaries 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

View stock analysis, news, and events for Infortar As