AS Tallinna Sadam (TSM1T) AGM 2025 summary

Opening remarks and agenda

• Infrastructure minister Kuldar Leis delivered a video greeting to shareholders, opening the meeting and outlining the agenda, which included a review of supervisory board activities, annual summary, financial results, dividend proposal, auditor selection, and board elections.

Financial performance review

• Revenue increased by 2.5% to €119.6 million, with adjusted EBITDA up 8.1% and net profit rising 20.6% to €19.2 million.

• Cargo volumes grew by 4.4% and passenger numbers by 3.6% compared to the previous year.

• Investments nearly doubled, reaching €38.8 million.

• Dividend proposal set at €0.073 per share, totaling €19.2 million, representing 71% of annual profit.

Board and executive committee updates

• Supervisory board held 11 meetings with 97% attendance, focusing on strategy updates, executive appointments, and key commercial decisions.

• New board member Rene Pärt appointed, and Margus Vihmani’s mandate extended.