Infortar (INF1T) Q3 2025 earnings summary

Executive summary

• Q3 2025 saw strong financial results and robust cash flows, driven by high season performance, effective operational management, and diversified business lines.

• Maritime transport experienced a busy summer with a 3% increase in passenger numbers and stable market position in the Baltic Sea.

• Energy segment delivered record-high 30.5% natural gas market share, maintained sales volumes despite a 20% regional decline, and expanded biomethane production.

• Real estate segment maintained stable performance with ongoing development projects and positive contributions from supporting businesses.

• Agriculture expanded with the acquisition of Estonia Farmid OÜ and new biomethane plant under construction.

Financial highlights

• Q3 2025 revenue reached €468 million, up from €349 million in Q3 2024; 9-month revenue at €1,420 million.

• Q3 2025 EBITDA was €105 million, up from €42 million in Q3 2024; 9-month EBITDA at €190 million.

• Q3 2025 net profit was €72.2 million; 9-month net profit at €114.3 million.

• Profit attributable to owners for Q3 2025 was €59 million; 9-month figure at €57 million.

• Share price increased 61.15% from January 2024 to September 2025, reaching €41.9.

Outlook and guidance

• Positive outlook supported by sustained profitability, international expansion, and new revenue streams in energy.

• Management expects continued growth opportunities, supported by positive economic forecasts and interest rate cuts in Europe.

• Ongoing investments in green energy and infrastructure projects are expected to drive future value.

• Focus remains on profitable growth, operational efficiency, and further development in all core segments.