ICG / Irish Ferries Reports Strong 2025 Results

March 6, 2026

Irish Continental Group (ICG) reported

  • Revenue of €666.7 million (+10.4%)
  • Operating profit €85.6 million (+23.9%)
  • EBITDA reached €150.6 million (+12.8%)

The Irish Ferries division reported

  • Revenue €465.5 million (+7.4%)
  • Operating profit €65.2 million (+19.9%)
  • EBITDA €120.7 million (+9.9%)
  • Traffic figures: 2.99 million passengers (-2.5%), 679,700 cars (-3.9%), and 816,700 RoRo freight units (+6.5%).
  • The group took delivery of the cruise ferry JAMES JOYCE and is moving towards full ownership of its ferry fleet, enhancing operational flexibility.

ICG estimates that the overall car market, on the routes that they operate (Republic of Ireland to UK/France and the Dover Straits), grew by approximately 0.7% in 2025 to 4,722,600 cars. While encouraging, this level of car carryings is still 13.0% behind 2019 levels.

Irish Ferries’ car carryings decrease is primarily due to the reduction of a ship on the Dover – Calais route.

The total sea passenger market (i.e. comprising car, coach and foot passengers on the Republic of Ireland to UK/France and the Dover Straits) decreased by 1.0% on 2025 to a total of 19.0 million passengers. Irish Ferries’ passenger numbers carried decreased by 2.5% at 2,985,500 (2024: 3,062,200).

The RoRo freight market grew marginally between the Republic of Ireland to the UK and France and the Dover Straits, but the market remains 16.3% below 2019 levels.

Irish Ferries’ increased freight carryings over market performance were primarily driven by further market share on the Dover – Calais route.

Source: Irish Continental Group