Infortar (INF1T) Q3 2025 earnings summary

Executive summary

• Q3 revenue was €467.693m, EBITDA €104.926m and net profit €72.239m; €59.068m was attributable to owners.

• Q3 revenue and EBITDA rose YoY, while net profit declined; 9M net profit fell to €57.828m, mainly as equity-accounted investment income dropped to €1.940m from €156.017m.

• Assets totaled €2,542.6m, equity €1,204.0m and 9M EBITDA €190.0m at 30 Sep 2025; management highlighted stable cash flows, liquidity and profitable growth.

Financial highlights

• Q3 revenue was €467.693m vs €349.468m YoY; EBITDA €104.926m vs €41.874m and EBIT €64.836m vs €20.422m.

• Q3 net profit was €72.239m vs €114.322m YoY; profit attributable to owners was €59.068m vs €111.105m.

• 9M revenue was €1,419.562m vs €925.607m; EBITDA €189.977m vs €177.565m and EBIT €91.220m vs €83.817m.

• 9M basic EPS was €2.75 vs €9.11 YoY; ROA was 1.8% and ROE 3.7%.

Segment performance

• Maritime Q3 route-operation revenue was €194.9m, up €1.3m YoY; passengers rose 3% to 1,766,335, while cargo units fell 9.8% to 60,306.

• Energy Q3 sales held at 3.8 TWh YoY, gas-market share reached 30.5% and segment EBITDA rose to €17.852m from €6.438m; 9M sales were 13.4 TWh, down 4% YoY.

• Real estate Q3 revenue was €4.335m, NOI €3.350m and EBITDA €3.354m; portfolio valuation was €208.836m, with 141,000 m² operating space and 46,000 m² permitted development space.

• 9M segment EBITDA: maritime €102.217m, energy €76.597m, real estate €6.473m and supporting businesses €4.691m.