)

AS Tallinna Sadam (TSM1T) investor relations material
AS Tallinna Sadam Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q2 2025 saw cargo volumes up 8% and passenger numbers up 3.8%, with cruise passengers and vessel calls increasing significantly.
Ferry business grew in passengers and vehicles, with additional summer trips agreed and stable revenues.
Celebrated the 35th anniversary of the Tallinn-Stockholm route and advanced Rail Baltica and Muuga Terminal projects.
General meeting approved the annual report, dividends, and elected a new supervisory board and auditor.
Revenue for 6M 2025 decreased by 2.9% to €57.9M, mainly due to fewer charter days for Botnica, while passenger and cargo volumes increased.
Financial highlights
Q2 2025 revenue was €29.5M, down 6.8% year-over-year; 6M 2025 revenue was €57.9M, down 2.9%.
Adjusted EBITDA in Q2 rose 6.7% to €15.9M; for 6M, up 8% to €29.8M, with margin improving to 51.5%.
Operating profit increased 12.3% in Q2 to €10.0M and 14.8% for 6M to €18.3M.
Profit for Q2 was €3.5M, down 15.2% year-over-year due to higher income tax; 6M profit was €10.3M, up 10.7%.
Dividend payout was €19.2M, equaling 100% of prior year profit; net finance costs fell due to lower Euribor rates.
Outlook and guidance
Passenger recovery is ongoing, with new ro-ro and container lines planned and strong July trends.
Investment level for 2024/2025 expected between €30M and €35M, slightly lower than previously indicated.
Multifunctional quay in Paldiski expected to be operational in Q2 next year, with revenue anticipated in H2.
Cargo operators are replacing sanctioned Russian cargoes; company complies with EU sanctions.
Focus on increasing operational efficiency and developing industrial parks and real estate.
Next AS Tallinna Sadam earnings date

Next AS Tallinna Sadam earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage