AS Tallink Grupp
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AS Tallink Grupp (TAL1T) investor relations material

AS Tallink Grupp Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary22 Oct, 2026

Executive summary

  • Q3 revenue rose 5.8% to €246.7m; net profit increased to €43.8m from €40.8m, while EBITDA eased to €67.9m from €68.9m.

  • Q3 passengers increased 2.8% to 1.816m and cargo units rose 7.8% to 64,980; passenger vehicles declined 1.1% to 249,100.

  • 9M revenue grew 4.5% to €603.0m and net profit reached €19.4m versus €5.1m.

Financial highlights

  • Q3 gross profit was €69.8m versus €67.2m; EBIT rose to €49.1m from €45.9m, and EPS increased to €0.059 from €0.055.

  • 9M EBITDA was €104.3m versus €102.5m; EBIT increased to €46.7m from €33.3m.

  • Q3 operating cash flow was €39.4m versus €50.3m; total net cash flow was negative €17.9m, leaving €21.8m cash at quarter-end.

  • 9M operating cash flow was €103.8m and free cash flow €79.0m.

  • Q3 capex was €3.4m versus €5.5m; 9M capex was €25.0m versus €27.2m.

Outlook and guidance

  • Priorities include cost efficiency, profitable core-route operations, flexible vessel deployment and reliable service; low-season measures include charters, alternative vessel use and evaluating non-core asset divestments.

  • Q4 fuel costs depend on prices, consumption and cost management; higher costs may not be fully passed through to ticket prices.

  • No further route suspensions are planned; restoring Paldiski–Kapellskär is considered unlikely under current fuel prices, though the option remains under review.

  • Romantika charter opportunities are being pursued, targeting work in Q4 or by Q1; low-season regular-service deployment is considered unlikely.

  • Cargo growth continued into early Q4; low-season passenger activity and cost control remain priorities.

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Frequently asked questions

AS Tallink Grupp is an Estonia-based company that specializes in marine passenger and cargo transportation services on the Baltic Sea. The company operates under the brand names Tallink and Silja Line, offering a range of services including mini-cruises, passenger transportation, ro-ro cargo services, as well as travel packages. Its fleet comprises cruise ferries, high-speed ro-pax ferries, and ro-ro cargo vessels. The company was founded in 1989 and has since grown to become a key player in the Baltic Sea maritime sector, with a significant presence in Estonia, Finland, Sweden, and Latvia. AS Tallink Grupp is headquartered in Tallinn, Estonia, and its shares are listed on the Tallin Stock Exchange.