August 29, 2025
Group Highlights
- Revenue: €309.9m (+8.5%).
- EBITDA: €54.9m (+10.5%).
- Operating profit: €24.6m (+41.4%).
- Profit before tax: €20.5m (+40.4%).
- Net debt: €224.1m (up from €162.2m at year-end 2024).
- Interim dividend: 5.37c per share (2024: 5.11c).
- Strong liquidity maintained despite €90.2m in capital expenditure.
- Investments: purchase of cruise ferry JAMES JOYCE and container vessel CT ENDEAVOR.
- All eight ferries now owned or under purchase obligation.
Irish Ferries (Ferries Division)
- Revenue: €206.0m (+4.3%).
- EBITDA: €40.0m (+7.0%).
- Operating profit: €14.1m (+48.4%).
- Car volumes: 264,900 (-4.4%).
- Passenger volumes: 1.28m (-3.5%).
- RoRo freight volumes: 393,300 (+2.2%).
- Passenger revenue: €84.5m (+8.6%) despite fewer sailings.
- Freight revenue: €100.8m (+1.4%).
- Disruption from Holyhead Port closure in early 2025, partial recovery since January.
- Fleet developments:
- JAMES JOYCE purchased from Tallink, deployed on Dublin–Holyhead.
- ISLE OF INISHEER redeployed to Dublin–Cherbourg, enabling daily service with WB YEATS.
- OSCAR WILDE operating Dover–Calais since June 2024.
- Fuel & emissions costs: €43.1m (down from €46.3m) due to lower fuel prices but higher EU ETS charges.
Sustainability
- Dublin Swift and ISLE OF INISHEER trialling Hydrotreated Vegetable Oil (HVO), cutting emissions by up to 80%.
- EU ETS coverage rose to 70% of emissions in 2025.
- 80% of heavy terminal equipment now powered by renewable electricity.
- Ongoing trials with biofuels and battery-powered tugs for terminal operations.
Outlook
- Freight volumes strong; car volumes recovering on Ireland–UK and Ireland–France routes.
- Dover–Calais volumes impacted by capacity changes.
- Holyhead Port repairs continue into late 2025 and Q1 2026, with operational restrictions.
- New daily Dublin–Cherbourg service launched.
- EU Entry/Exit System (EES) will affect Dover–Calais and Ireland–France routes from late 2025.
- Continued regulatory cost pressure from EU ETS and FuelEU.
Read the full report here.
