Estonia · Delayed Price · Currency is EUR AS Infortar Earnings Call Transcripts
Fiscal Year 2026
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Revenue remained stable in H1 2026, but profitability improved sharply, with EBITDA up 31% and operating profit nearly doubling year-over-year. All segments contributed to the gains, supported by investments and cost efficiency, while the balance sheet and liquidity strengthened.
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Record Q1 sales and profitability driven by core business growth, with all main segments contributing. Strong balance sheet, improved leverage, and robust cash flow support increased dividends and ongoing investments.
Fiscal Year 2025
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Revenue grew 34% to EUR 1.84 billion and EBITDA rose 61% to EUR 233 million, driven by strong performance in maritime, energy, and agriculture. Dividend payout increased for the third year, with a proposed yield of 6.5%.
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Q3 2025 saw revenue rise 34% year-over-year to EUR 408 million, with EBITDA and net profit both sharply higher. All segments contributed to growth, with energy achieving record market share and Tallink reducing debt. The group maintains a strong balance sheet and stable dividend policy.
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Q2 2025 saw record revenue of €505 million, a 2.5x increase year-over-year, with strong EBITDA growth and improved segment performance in shipping, energy, and real estate. Net loss was driven by a one-time tax expense, while assets and equity rose sharply. Strategic acquisitions and investments support a positive outlook.
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Revenue grew 20% year-over-year, driven by Tallink consolidation, but the quarter ended with a EUR 14.6 million net loss due to Tallink's seasonal and macroeconomic challenges. Investments tripled, and the Estonia Farmid acquisition strengthens the agricultural segment.
Fiscal Year 2024
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Assets nearly doubled to €2.7 billion and revenue rose 26% to €1.4 billion in 2024, driven by major investments in Tallink, energy, and real estate. Net profit reached €175 million, with a proposed €3 per share dividend. Energy segment faced margin pressure, but infra delivered record results.
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Assets, revenue, and equity saw robust year-over-year growth, driven by major acquisitions and expansion in maritime, energy, and real estate. Tallink now leads the portfolio, with strong cash flow and reduced leverage, while the group maintains a solid dividend policy.
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Revenue and net profit grew year-over-year in H1 2024, driven by higher energy sales volumes and increased market share. Strong liquidity and investments support further growth, with a voluntary Tallink takeover offer ongoing.