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Investor Relations14 Oct 2025
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Getlink SE (GET) investor relations material
Getlink SE Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary24 Jul, 2025
Executive summary
Group revenue declined 9% year-over-year to €739m, mainly due to a 50% drop in Eleclink revenue following electricity market normalization and outages.
Eurotunnel delivered solid results, with revenue up 4% to €564m and EBITDA up 2%, supported by record high-speed passenger traffic and yield management.
Europorte maintained stable revenue at €83m and improved EBITDA by 2%, reflecting operational discipline and selective growth.
Net consolidated profit fell 35% year-over-year to €113m, reflecting Eleclink's lower contribution.
Cash position at 30 June 2025 was €1,355m after €314m in dividends and early repayment of €850m Green Bonds, replaced by a €600m new Green Bond issue.
Financial highlights
Eurotunnel contributed 76% of group revenue, with Shuttle Services and Railway Network both up 3% year-over-year.
Eleclink revenue dropped to €92m (down 50%), EBITDA down 56% to €52m, including a €23m profit sharing provision.
Group operating costs increased 7% to €355m, mainly due to inflation and development costs.
Free cash flow was €218m, down from €274m in H1 2024, reflecting lower Eleclink contribution.
Basic EPS for H1 2025 was €0.21, down from €0.32 in H1 2024.
Outlook and guidance
2025 EBITDA guidance reiterated at €780m–€830m, assuming stable regulatory and tax environment and EES implementation from October 2025.
Eleclink had 92% of 2025 cable capacity sold as of 30 June, with €205m revenue secured, subject to service delivery.
Political and regulatory developments, including anti-social dumping laws and UK-EU trade agreements, expected to support Shuttle business.
High-Speed Rail momentum accelerating, with capacity expansions and new operator interest.
Assess impact of EES implementation on traffic flow.
Explain Europorte's strategy for contract portfolio management.
What factors contributed to Eurotunnel's cost increase?
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Next Getlink SE earnings date
Q3 2025 TU21 Oct, 2025
Next Getlink SE earnings date
Q3 2025 TU21 Oct, 2025
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Frequently asked questions
Getlink SE, previously known as Groupe Eurotunnel, is a key player in infrastructure management and transportation services, primarily known for its operation of the Channel Tunnel between England and France. This company provides a crucial link for cross-channel transportation, facilitating the movement of passenger vehicles, trucks, Eurostar passengers, and rail freight trains. Getlink's operations extend beyond the tunnel, encompassing rail freight operations through its Europorte service, electrical interconnections between the UK and France via ElecLink, and a private railway training center. The company's headquarters are in Paris, Ile-de-France, France, and its shares are listed on the Euronext Paris exchange.
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