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AS Tallink Grupp (TAL1T) investor relations material
AS Tallink Grupp Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 revenue reached €233.1 million, up 0.5% year-over-year, with net profit rising 10.8% to €40.8 million, driven by strong summer passenger growth and higher ticket, accommodation, and charter revenues despite a 9.8% decline in cargo volumes.
Passenger numbers increased 3.0% year-over-year to 1,766,335, while passenger vehicles rose 0.4% to 251,751.
Fleet optimization continued with the sale of two vessels and a third sale agreement, reducing layup costs and increasing charter income.
Club One loyalty program membership reached nearly 3.5 million, with a major renewal planned to drive further engagement.
The Group operated 12 vessels, with 3 on charter and 1 in lay-up, and managed 3 hotels in Tallinn and 1 in Riga.
Financial highlights
Gross profit for Q3 2025 was €67.2 million, nearly flat year-over-year, with EBITDA at €68.9 million (up 0.8%) and EBIT at €45.9 million (up 4.3%).
Net profit margin improved to 17.5% from 15.9% in Q3 2024, and EPS rose to €0.055.
Free cash flow in Q3 was €51 million, €6 million higher than last year.
CAPEX for Q3 2025 was €5.5 million, mainly for vessel maintenance and repair.
Dividends of €22.3 million were paid in Q3, with a second €22.3 million installment scheduled for November.
Outlook and guidance
Management expects continued pressure from low consumer and business confidence, inflation, and geopolitical tensions, with no major new investments planned.
Dividend policy targets at least €0.05 per share if conditions allow; €0.06 per share paid in 2025.
No current plans for share buybacks or new route launches; monitoring market opportunities.
Growth expected from incremental increases in passenger and cargo volumes as economies recover.
Focus remains on cost efficiencies, profitable core routes, and seeking new charter or sale opportunities for idle vessels.
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