Finnlines reported stable first-quarter results despite higher fuel costs and the full implementation of the EU Emissions Trading System (ETS).
Revenue for January–March 2026 increased to EUR 176.9 million, compared with EUR 166.0 million in the same period last year.
EBIT reached EUR 10.3 million, down slightly from EUR 11.2 million in Q1 2025. Earnings before taxes improved marginally to EUR 8.0 million from EUR 7.9 million, supported by lower financing costs.
Cargo volumes during the quarter included:
- Approximately 196,000 cargo units
- 19,000 cars
- 297,000 tonnes of non-unitised freight
In addition, 162,000 passengers and professional drivers travelled on Finnlines services.
President and CEO Thomas Doepel said the first quarter was marked by “structural volatility” across the shipping sector.
He highlighted the impact of the Middle East conflict and the closure of the Strait of Hormuz, which triggered major fuel price increases and volatility. Finnlines said the delayed adjustment of its Bunker Adjustment Factor (BAF) negatively affected short-term profitability.
The company also pointed to the impact of the EU ETS, which from 1 January 2026 requires shipping companies to cover 100% of emissions.
Despite geopolitical uncertainty, Finnlines said it remains committed to maintaining reliable maritime logistics infrastructure for Europe and supporting security of supply in the Baltic Sea region.
The company added that continued investment in more energy-efficient vessels will help reduce emissions and limit exposure to rising energy costs.
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