Irish Continental Group (ICGC) H2 2025 earnings summary

Executive summary

• Revenue grew 10.4% year-over-year to €666.7m, with both Ferries and Container & Terminal Divisions contributing to growth.

• EBITDA increased 12.8% to €150.6m, and operating profit rose 23.9% to €85.6m.

• Basic EPS up 28.4% to 46.6c, reflecting strong profitability.

• Net debt increased to €256.1m, mainly due to strategic capital expenditure and share buybacks.

Financial highlights

• Ferries Division revenue up 7.4% to €465.5m; Container & Terminal Division revenue up 15.3% to €234.6m.

• Group ROACE reached 18.9%.

• Dividend per share declared at 16.32c, up 5.0% year-over-year.

• Free cash flow after strategic capital expenditure was €47.9m.

Outlook and guidance

• Ongoing remedial works at Holyhead Port expected to continue into 2026, with full completion in early 2027.

• EU ETS and FuelEU regulations impacting cost structure, with surcharges passed to customers.

• Early 2026 trading shows car volumes up 1.8% and RoRo volumes up 11.1% year-to-date.