Aktsiaselts Infortar unaudited consolidated interim report for Q2 2025

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Infortar will arrange a webinar for investors today 4 August 2025.Please join the webinar via the following links: at 12:00 (EET) Estonian webinar at 14:00 (EET) English webinar In the second quarter of this year, Infortar’s sales volumes increased two and a half times to €505 million. “For the energy segment, the first quarter was clearly successful. We further strengthened our position through increased volumes and improved profitability. Maritime operations also showed the first signs of recovery, reflected in growing customer confidence and the gradual restoration of travel capacity. In the real estate and construction segment, we handed over the Pärnu bridge to the Pärnu municipality and continued work on several major infrastructure projects, including the construction of the main line of Rail Baltica,” said Ain Hanschmidt, Chairman of the Management Board of Infortar. “The landmark transaction of the second quarter was the signing of the agreement to acquire the agricultural company Estonia Farmid. For Infortar, this represents a significant leap forward in the agricultural sector. Estonia Farmid, together with Halinga, produces 160 tons of milk per day, accounting for 6.5% of Estonia’s total milk output. By integrating milk production with renewable energy generation and circular economy principles, we are able to further strengthen the bioeconomy sector and produce domestically sourced renewable biomethane,” Hanschmidt noted. “This year, we have already invested €38 million into various projects, including the construction of one of Estonia’s largest biomethane plants in Halinga, a new solar power plant in the Olaine municipality in Latvia, and the refurbishment of the cruise ferry Baltic Princess. While profitability in the energy segment improved, with EBITDA reaching €20 million, the maritime transport segment was still somewhat impacted by the costs of two excess vessels in lay-up and the dividend withholding tax. The real estate and construction segment continued to demonstrate stable growth,” said Hanschmidt. Major Events Maritime transport In the second quarter Tallink carried 1 488 128 passengers, which is 2.5% more than in the second quarter of 2024. The number of cargo units transported decreased by 22.8% amounting to 67 038. Tallink operated 13 vessels including 2 shuttle vessels, 6 passenger vessels, 3 vessels that were chartered out and 2 vessels that were in lay-up. During the quarter Tallink´s total investments amounted to EUR 8.4 million majority of which were made to upgrading the cruise vessel Baltic Princess. Energy Elenger Group’s gas and electricity sales in the second quarter totalled 4.9 TWh. an increase of 25% compared to the same quarter last year. The growth in energy sales volumes was supported by a more active wholesale market in the Baltics and the consolidation of Elenger Polska’s sales volumes starting this year. Natural gas consumption in the Finland-Baltic region in the second quarter amounted to 7.6 TWh. which was 3% lower compared to a year earlier (7.9 TWh). The company’s gas sales market share in the Finnish-Baltic market increased to 27.7% in the second quarter. Real estate and infrastructure In the second quarter 2025. Infortar’s construction companies EG Ehitus and INF Infra completed the construction of the new Pärnu bridge. 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. Four new clay outdoor tennis courts were opened at Tallink Tennisekeskus in Lasnamäe. 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 for the relevant period has been used, based on Tallink Grupp quarterly report. Revenue In the first half of the 2025 financial year, the Group’s consolidated revenue increased by EUR 275.73 million to EUR 951.869 million (6 months 2024 consolidated revenue: EUR 576,139 million). A significant impact came from the consolidation of Tallink Grupp’s results into Infortar’s consolidated financial statements as of 1 August 2024. EBITDA and Segment Reporting In the first half of the 2025 financial year, the EBITDA of the maritime transport segment amounted to EUR 33.292 million (6 months 2024: EUR 81.1 million). The energy segment’s EBITDA in the first half of the 2025 was EUR 51,749 million (6 months 2024: EUR 73.031 million). Compared to the second quarter last year, the profitability of the energy segment improved by EUR 19.084 million, reaching EUR 19.929 million in Q2 2025 (Q2 2024: -EUR 0.845 million). In the real estate segment, profitability is assessed based on the EBITDA of individual real estate entities. Based on separate real-estate companies results, the real estate segment’s EBITDA in the first half of the 2025 was EUR 7.691 million (6 months 2024 was EUR 7.367 million). Net Profit (Loss) The consolidated net loss for the first half of the 2025 financial year was EUR -14.4 million, including a loss attributable to Infortar's owners of EUR -2,549 million (6 months 2024 net profit: EUR 73.017 million, including EUR 72.983 million attributable to Infortar's owners). Investments In the first half of 2025, the total amount of investments made by the Infortar Group was approximately EUR 38 million. Financing As of the first half of the 2025 financial year, the Group’s total loan and lease liabilities amounted to EUR 941.747 million (compared to EUR 448.387 million at the end of the 2024 financial year). Infortar’s net debt stood at EUR 795.379 million. The net debt to EBITDA ratio was 3.4. Dividends According to the dividend policy, the objective is to pay dividends of at least 1 euro per share per financial year. Based on Resolution 2.2 of the Annual General Meeting approved on 4 June 2025, a dividend of EUR 3 per share will be paid to shareholders for the 2024 financial year. The first payment was made on 15 July 2025, and the second payment will be made on 15 December 2025 with transfer to the shareholders’ bank accounts. Consolidated Statement of Profit or Loss Consolidated Statement of Financial Position Consolidated cash flow report Infortar operates in seven countries, the company's main fields of activity are maritime transport, energy and real estate. Infortar owns a 68.47% stake in Tallink Grupp, a 100% stake 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 construction and mineral resources, agriculture, printing, and other areas. A total of 110 companies belong to the Infortar group: 101 subsidiaries, 4 affiliated companies and 5 subsidiaries of affiliated companies. Excluding affiliates, Infortar employs 6,866 people. Additional information: Kadri Laanvee Investor Relations Manager Phone: +372 5156662 e-mail: [email protected] www.infortar.ee/en/investor Attachments

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