Infortar (INF1T) Q3 2025 earnings summary

Executive summary

• Q3 2025 delivered strong results, with all business segments outperforming the previous year and meeting expectations, supported by robust maritime and energy operations.

• Revenue for Q3 2025 increased by 34% year-over-year to €468 million, with EBITDA more than doubling to €105 million and net profit reaching €72 million.

• For the first nine months of 2025, revenue was €1,420 million, EBITDA €190 million, and net profit €58 million.

• The group maintains a focus on profitable growth, international expansion, and capital-intensive investments, with a strong balance sheet and stable cash flows.

• Passenger volumes increased, cargo volumes are recovering, and energy operations benefited from geographic diversification and investments in green energy.

Financial highlights

• Q3 2025 revenue reached €468 million, up from €349 million in Q3 2024, with EBITDA at €105 million and net profit at €72 million.

• Total assets at period end were €2.5 billion, including €136 million in cash, and equity of €1,204 million.

• Book value per share at €43–€45 as of 30.09.2025.

• Net debt at €1,056 million as of 30.09.2025.

• Investments from the beginning of 2025 totaled €96 million.

Outlook and guidance

• Management expects continued strong cash flow and growth, supported by a diversified and crisis-resilient portfolio and favorable economic forecasts.

• The company remains committed to its stable dividend policy, with a minimum €1 dividend and potential for extra payments.

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

• Positive outlook for Tallink and energy segments, with efficiencies and market share gains expected.