Infortar (INF1T) Q2 2025 earnings summary

Executive summary

• Q2 2025 revenue exceeded €500M for the first time, with EBITDA at €57M and profit before tax up 44% year-over-year.

• Achieved record-high Q2 2025 revenue of €505M, with strong performance in maritime transport and energy segments.

• Major investments in agriculture, including the acquisition of Estonia Farmid OÜ, position the group as a leading dairy producer in Estonia and Europe.

• Reduced number of vessels in lay-up from four to two, improving operational efficiency.

• Share price surpassed €50, market value exceeded €1 billion, and a €3 per share dividend was distributed for the second consecutive year.

Financial highlights

• Q2 2025 revenue: €505M (up from €204M in Q2 2024); 6M 2025 revenue: €951M.

• Q2 2025 EBITDA: €57M; 6M 2025 EBITDA: €85M.

• Q2 2025 net loss: €2M; 6M 2025 net profit: €3M.

• Share price increased 86.15% from January 2024 to June 2025, reaching €48.4.

• Book value per share at €44 as of June 30, 2025.

Outlook and guidance

• Emphasis on international expansion and new investment opportunities.

• Stable cash flows and more consistent financial results expected due to recent investments in Tallink and energy infrastructure.

• Continued focus on integrating agriculture and renewable energy for sustainable growth.

• Ongoing development of renewable energy and real estate projects.