Irish Continental Group (ICGC) Trading update summary

Financial performance

• Group revenue rose 13.9% to €215.9 million, driven by fuel surcharges and full ETS application.

• Pre-IFRS 16 net debt decreased to €128.9 million; IFRS net debt was €255.8 million.

• Ferries Division revenue increased 16.7% to €138.6 million; Container and Terminal Division revenue rose 8.3% to €87.6 million.

Operational volumes

• RoRo freight volumes grew 5.2% to 270,900 units, while car volumes fell 2.9% to 135,200.

• Container freight volumes declined 3.8% to 126,800 teu; terminal lifts increased 2.2% to 125,200.

• Recent period (March–May): car volumes down 5.5%, RoRo freight up 0.6%, container freight down 2.6%, terminal lifts up 1.7%.

Market and strategic developments

• Geopolitical events in the Middle East have raised fuel prices, impacting costs and inflation.

• Fuel surcharges are applied monthly to offset fuel price volatility.

• Ongoing investments in fleet and service enhancements support long-term growth.