Irish Continental Group (ICG) reported revenue of €359.9 million for the first half of 2026, up 16.1% compared with the same period last year.
EBITDA increased by 7.3% to €58.9 million, while operating profit declined by 2.4% to €24.0 million. The Group attributed the pressure on profitability to higher fuel, environmental and port costs, as well as the operating costs of additional vessels.
The Ferries Division generated revenue of €237.9 million, an increase of 15.5%. EBITDA rose by 4.8% to €41.9 million and operating profit increased by 5.0% to €14.8 million.
RoRo freight volumes increased by 4.1% to 409,500 units, supported by JAMES JOYCE operating throughout the full reporting period. Car volumes declined by 5.7% to 249,700, while passenger numbers decreased by 1.6% to 1.26 million.
Trading weakened further during the peak summer period. Between 1 July and 15 August, car volumes were down 7.9% and RoRo freight volumes fell by 9.3% year-on-year. ICG described this development as a significant challenge, particularly given the continued high fuel prices and difficulty of recovering these costs through passenger fares.
