AS Tallink Grupp reported broadly stable passenger volumes in 2025, despite economic headwinds across its core markets.
Key Takeaways
- Q4 2025 passengers: −0.3% year-on-year
- December 2025 passengers: +0.2% year-on-year
- Full-year passengers: 5.53 million, −0.9% versus 2024
- Passenger volumes stabilised at 2024 levels, supported by a strong holiday season.
Route Performance in 2025
- Finland – Estonia: +1.8% passengers
- Finland – Sweden: −2.4% passengers
- Estonia – Sweden: −12.5% passengers
Decline linked to reduced vessel deployment compared with summer 2024.
Cargo Volumes
- Total cargo units: 245,004
- −19.2% year-on-year
- Declines recorded on all routes.
- Largest drops on Finland–Sweden (−22.8%) and Estonia–Finland (−20%).
- Cargo contraction eased gradually during the year, indicating early signs of market recovery.
Management Comment
Paavo Nõgene described 2025 as challenging, citing weak consumer confidence and difficult conditions in Finland. He said internal measures helped protect performance.
Actions included:
- Sale of three vessels to optimise costs
- Chartering out capacity
Outlook for 2026
- Focus on defending market position
- Targeting revenue growth and improved profitability
- Full inclusion of CO₂ quota costs from 2026
- Shuttle vessels expected to fully transition to biomethane
Source: Tallink
