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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.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.
- FY EBITDA rose 58%, while Q4 earnings fell amid weaker charter revenue.TAL1T
Q4 2023 - Q2 2026 revenue stable at EUR 207m, but high fuel costs kept net loss unchanged.TAL1T
Q2 2026 - Revenue up 8.8% and EBITDA positive as passenger and cargo volumes rise amid volatile markets.TAL1T
Q1 2026 - 2025 profit fell, but vessel sales and cost cuts enabled a €0.06 dividend.TAL1T
Q4 2025 - Passenger growth could not offset cargo decline, resulting in a Q2 2025 net loss.TAL1T
Q2 2025 - Revenue and profit declined in Q3 2024 amid weak demand and a major dividend payout.TAL1T
Q3 2024 - Revenue and profit declined sharply in Q2 2024, but net debt fell and dividends resumed.TAL1T
Q2 2024 - Q1 2025 revenue fell 14.4% to EUR 137.3m with a net loss of EUR 33.2m amid vessel lay-ups.TAL1T
Q1 2025 - Revenue and profit fell in 2024, but dividend and debt reduction efforts continued.TAL1T
Q4 2024
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