Getlink (GET) Q3 2026 TU earnings summary

Executive summary

• Q3 2026 revenue reached €521m, up 10% YoY at constant exchange rates, with growth across all activities.

• The 2026 EBITDA target of €835m–€870m was confirmed, based on the scope and activity as at February 2026 and an assumed £1 = €1.165 exchange rate.

Financial highlights

• Q3 revenue: Eurotunnel €383m (+4% YoY), Eleclink €93m (+41%) and Europorte €45m (+7%).

• 9M revenue was €1,345m (+12% YoY): Eurotunnel €957m (+4%), Eleclink €250m (+58%) and Europorte €138m (+10%).

• Q3 revenue comparisons use recalculated prior-year figures at the 9M 2026 average exchange rate of £1 = €1.160; 9M comparisons use the same rate.

Outlook and guidance

• 2026 EBITDA target of €835m–€870m confirmed; prior February target was €820m–€860m.

• Eurotunnel assumptions include reasonable growth based on recent commercial momentum, with limited disruption from EES implementation and social movements in France.

• Eleclink assumptions include revenue secured at 30 September, subject to service delivery, recent electricity prices and a 2025-like method for operating-cost profit-sharing provisions.