(MENAFN- GlobeNewsWire - Nasdaq) Aktsiaselts Infortar (Infortar) will organize a webinar for introducing third quarter 2025 results today. Please join the webinar via the following links:

3. November at 12.00 (EET) Estonian webinar

3. November at 14.00 (EET) English webinar

Infortar's sales volume grew by one-third in the third quarter, reaching 468 million euros, EBITDA amounted to 105 million euros, and net profit to 72 million euros. Over the first nine months, the Group's revenue increased to 1.4 billion euros, and total investments reached 96 million euros.

“We delivered a strong quarterly result, with all business segments contributing more significantly than a year ago. The considerable growth in sales volumes has had a positive impact on profitability, higher revenues have translated into increased profit. Tallink has successfully adapted to the regional economic challenges and market environment, increasing passenger numbers. Following a mild winter, Elenger expanded its market share in Finland and the Baltic region to a record 30% over the summer months. In the real estate and construction segment, we continue work on several large infrastructure projects, including the construction of the main line of Rail Baltica,” said Ain Hanschmidt, Chairman of the Management Board of Infortar.

“The Group companies Tallink and Elenger have jointly taken a significant step towards sustainability – Tallink's newest shuttle vessel, MyStar, began using bio-LNG fuel in the third quarter, with the aim of transitioning both MyStar and Megastar fully to bio-LNG. Tallink is setting an example for other operators and helping to reduce the environmental footprint across the Baltic Sea,” Hanschmidt added.

“Major changes are also taking place in onshore gas consumption. In Estonia, the share of locally produced biomethane – derived from cattle manure and biowaste – has already grown to nearly 10% of the country's total gas consumption, thereby strengthening our overall energy independence. In the transport sector, imported fossil gas has already been replaced by locally produced green gas, transforming what was once a fossil fuel into a renewable and domestic source of energy,” Hanschmidt noted.

Major Events
Maritime transport

In the third quarter of 2025 Tallink transported a total of 1 766 335 passengers and 60 306 cargo units. The third quarter was strong for the Tallink Group. supported by increased passenger numbers during the summer months and improved profitability. In the maritime transport segment. all vessels are now back in operation and the company has demonstrated strong adaptability and sustained financial stability in a challenging economic environment.

Energy
Elenger Grupp. the largest private energy company in the Finnish and Baltic region. sold a total of 3.8 TWh of energy. Sales in Estonia accounted for 11% of the energy sales of the total volume. The company ́s market share increased to 30.5% in the third quarter. confirming Elenger's strong position in the regional energy market.

The construction of Rimi's logistics centre and the new Pärnu bridge are going according to the schedule. In July. the bridge arch was installed. introducing new engineering solutions to Estonia.

Real estate and infrastructure
INF Infra continued the construction of Rail Baltica's mainline on the Kangru-Saku section. The contract value is EUR 67.2 million. and the work is planned to continue until March 2028. Construction on a 40.000 square-meter commercial space for Depo (DIY Store) in Lasnamäe continued. The project is scheduled for completion in the fall of 2026.

Key financial figures

KEY FIGURES	Q3 2025	Q3 2024	9 months 2025	9 months 2024
Sales revenue. m€	467.693	349.468	1 419.562	925.607
Gross profit. m€	95.829	40.669	177.565	93.758
EBITDA. m€	104.926	41.874	189.977	117.384
EBITDA margin (%)	22.4%	12.0%	13.4%	12.7%
Net profit. EBIT. m€	64.836	20.422	91.220	83.817
Total profit(-loss). m€	72.239	114.322	57.828	187.339
Net profit (-loss) holders of the Parent m€	59.068	111.105	56.519	184.122
	30.09.2025	31.12.2024
EPS (euros)*	2.8	9.1
Total equity m€	1 203.956	1 166.221
Total liabilities m€	1 035.423	1 223.287
Net debt m€	899.281	1 055.708
Investment loans to EBITDA (ratio)**	4.2	4

Notes: *EPS (in euros) is calculated as: profit/loss attributable to the owners of the parent * 1000 / number of shares of which own shares are excluded. ** Investment loans / EBITDA. annualized. For comparability actual EBITDA of Tallink Grupp for the relevant period has been used.

Revenue

During the first nine months of 2025. Infortar's consolidated revenue increased by €493. 955 million reaching €1 419.6 million compared to €925.607 million in the same period in 2024. A positive impact came from the addition of new companies to the consolidation group compared to the previous year.

EBITDA and Segment Reporting

In the nine months of the 2025 financial year the EBITDA of the maritime transport segment amounted to EUR 102.5 million (9 months 2024: EUR 149.5 million).

Energy Segment: Nine-month EBITDA for 2025 was €76.5 million down from €79.5 million in 2024.

Real Estate Segment: EBITDA for real estate in the first nine months of 2025 reached €11 million. up from €11 million in the same period of 2024. In the real estate segment. the assessment of profitability takes into account the EBITDA of separate real estate companies.

Net Profit

Consolidated net profit for the first nine months of 2025 was €57.828 million compared to €187.339 million for the same period in 2024. The previous year results included a one-time profit from the Tallink acquisition.

Financing

Loan and lease obligations totalled €1 035.4 million for the first nine months of 2025 down from €1 166.2 million in 2024 mainly due to the consolidation of Tallink liabilities. The net debt EBITDA is 4.2.

STATEMENT OF FINANCIAL POSITION

(in thousands of EUR)	30.09.25	31.12.24
Current assets
Cash and cash equivalents	136 142	167 579
Derivative financial assets	8 675	8 333
Settled derivative receivables	11 203	676
Other prepayments and receivables	108 491	155 351
Prepayments for taxes	4 005	3 831
Trade and other receivables	40 764	38 517
Prepayments for inventories	565	2 498
Inventories	164 238	215 914
Biological assets	499	941
Total current assets	474 582	593 640
Non-current assets	30.09.25	31.12.24
Investments to associates	20 449	16 603
Long-term derivative instruments	579	3 214
Other long term obligations	32 642	35 163
Property, plant and equipment at fair value	1 211 907	1 315 167
Investment property	68 510	67 931
Property, plant and equipment	653 410	594 291
Intangible assets	37 748	38 874
Right-of-use assets	34 833	47 598
Biological assets	7 891	2 753
Total non-current assets	2 067 969	2 121 594
TOTAL ASSETS	2 542 551	2 715 234
(in thousands of EUR)	30.09.25	31.12.24
Current liabilities
Loan liabilities	284 430	497 162
Rental liabilities	8 839	9 020
Payables to suppliers	97 393	87 941
Tax obligations	42 583	49 354
Buyers' advances	40 516	31 126
Settled derivatives	212	8 728
Other current liabilities	58 556	63 431
Short term derivatives	7 672	27 704
Total current liabilities	540 201	774 466
Non-current liabilities	30.09.25	31.12.24
Long-term provisions	6 270	9 946
Deferred taxes	3 227	2 816
Other long-term liabilities	44 946	43 209
Long-term derivatives	1 797	1 471
Loan-liabilities	709 824	676 670
Rental liabilities	32 330	40 435
Total non-current liabilities	798 394	774 547
TOTAL LIABILITIES	1 338 595	1 549 013
(in thousands of EUR)	30.09.25	31.12.24
Equity
Share capital	2 117	2 117
Own shares	-51	-72
Share premium	32 484	32 484
Reserve capital	212	212
Option reserve	7 422	6 223
Hedging reserve	-578	-21 674
Unrealised currency translation differences	-3	45
Employment benefit reserve	-44	-185
Retained earnings	908 175	890 167
Total equity attributable to equity holders of the Parent	949 734	909 317
Minority interests	254 222	256 904
Total equity	1 203 956	1 166 221
TOTAL LIABILITIES AND EQUITY	2 542 551	2 715 234

INCOME STATEMENT

(in thousands of EUR)	Q3 2025	Q3 2024	9 M 2025	9 M 2024
Revenue	467 693	349 468	1 419 562	925 607
Cost of goods (goods and services) sold	-371 837	-308 803	-1 241 781	-831 796
Write-down of receivables	-28	4	-217	-53
Gross profit	95 828	40 669	177 564	93 758
Marketing expenses	-11 123	-7 789	-34 218	-8 627
General administrative expenses	-18 804	-13 423	-62 325	-27 679
Profit (loss) from derivatives	-1 145	52	8 037	24 574
Profit (loss) from biological assets	4 511	44	4 615	17
Profit (loss) from the change in the fair value of the investment property	0	-3 047	0	-2 891
Profit (loss) from the change in the fair value of the investment property	-5 607	0	-5 607	0
Other operating revenue	2 237	4 368	6 473	5 449
Other operating expenses	-1 061	-452	-3 320	-784
Operating profit	64 836	20 422	91 219	83 817
(in thousands of EUR)	Q3 2025	Q3 2024	9 M 2025	9 M 2024
Profit (loss) from investments accounted for by equity method	619	3 243	1 940	22 128
Financial income and expenses:
Other financial investments	17 595	69 782	16 984	72 520
Interest expense	-10 323	-11 340	-34 800	-24 466
Interest income	609	1 215	2 346	4 219
Profit (loss) from changes in exchange rates	388	160	2	156
Other financial income and expenses	-705	-393	-1 977	-395
Total financial income and expenses	7 564	59 424	-17 445	52 034
Profit before tax	73 019	83 089	75 714	157 979
Corporate income tax	-780	31 233	-17 886	29 360
Profit for the financial year	72 239	114 322	57 828	187 339
including:
Profit attributable to the owners of the parent company	59 068	111 105	56 519	184 122
Profit attributable to non-controlling interest	13 171	3 217	1 309	3 217
Other comprehensive income			9 months 2025	9 months 2024
Items that may be subsequently reclassified to the income statement:
Revaluation of risk hedging instruments			21 237	0
Exchange rate differences attributable to foreign subsidiaries			-48	-33 516
Total of other comprehensive income			21 189	-33 516
Total income			79 017	153 823
including:
Comprehensive profit attributable to the owners of the parent company			77 708	0
Comprehensive profit attributable to non-controlling interest			1 309	150 659
Ordinary earnings per share (in euros per share)			2,75	9,11
Diluted earnings per share (in euros per share)			2,68	8,78

CASH FLOW STATEMENT

Cash flows from operating activities
(in thousands of EUR)	9 months 2024	9 months 2024
Profit for the financial year	57 828	187 339
Adjustments:
Depreciation, amortisation, and impairment of non-current assets	98 758	33 567
Equity profits/losses	-1 940	-156 017
Change in the value of derivatives	-17 413	26 156
Other financial income/expenses	-21 797	-66
Calculated interest expenses	34 800	24 466
Profit/loss from non-current assets sold	-706	-301
Income from grants recognised as revenue	-1 079	-319
Corporate income tax expense	17 886	-29 360
Income tax paid	-17 475	-1 482
Change in receivables and prepayments related to operating activities	35 661	79 126
Change in inventories	57 722	-22 986
Change in payables and prepayments relating to operating activities	-7 995	35 968
Change in biological assets	232	112
Total cash flows from operating activities	255 719	176 203
Cash flows from investing activities	9 months 2024	9 months 2024
Purchase of investments in associates	-1 332	0
Proceeds from disposal of investments in associates
Purchases of subsidiaries	-39 927	-67 810
Given loans	2 708	2 057
Interest gain	2 134	4 019
Purchases Investment property	-2 116	-10 566
Purchases of property, plant and equipment	-52 605	-17 042
Proceeds from sale of property	78 110	707
Total cash flows used in investing activities	-13 028	-67 773
Cash flows used in financing activities	9 months 2024	9 months 2024
Gain from goverment grants	2 638	0
Changes in overdraft	-43 513	-30 457
Proceeds from borrowings	99 173	106 303
Repayments of borrowings	-245 306	-114 706
Repayment of finance lease liabilities	-11 703	-8 674
Interest paid	-34 088	-24 968
Dividends paid	-38 511	-30 332
Gain from share emission	22	3 152
Total cash flows used in financing activities	-274 128	-99 682
	0	0
TOTAL NET CASH FLOW	-31 437	8 748
Cash at the beginning of the year	167 579	87 115
Cash at the end of the period	136 142	95 863
Net (decrease)/increase in cash	-31 437	8 748

Infortar operates in seven countries. the company's main fields of activity are maritime transport. energy and real estate. Infortar owns a 68.47% share in Tallink Grupp. a 100% share in Elenger Grupp and a versatile and modern real estate portfolio of approx. 141.000 m2. In addition to the three main areas of activity. Infortar also operates in agriculture, engineering, construction minerals, printing sector, services and other areas. A total of 110 companies belong to the Infortar group: 101 subsidiaries 4 affiliated companies and 5 subsidiaries of affiliated companies. Excluding affiliates Infortar employs 6558 people.

Additional information:
Kadri Laanvee
Investor Relations Manager
Phone: +372 5156662
e-mail: ...

Attachments

• Q3_2025 report ENG
• Q3_2025 presentation ENG

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