- Q3: Revenue reached EUR 246.7m; net profit amounted to EUR 43.8m.
- Traffic: Passenger numbers rose by 2.8% to 1.82 million; freight volumes increased by 7.8% to nearly 65,000 units.
- January–September: Revenue grew by 4.5% to EUR 603m; EBITDA exceeded EUR 104m (EUR 102m). Net profit was EUR 19.4m.
- Cost pressures: Nine-month fuel costs increased by EUR 18.9m. Dividend-related income tax expenses totalled EUR 12.6m.
- Priorities: Flexible fleet deployment, long-term vessel charters and continued cost control.
Tallink Grupp carried 611,913 passengers in August 2026, an increase of 2.8% compared with the same month last year.
Cargo volumes rose by 6.2% to 20,722 units, while the number of passenger vehicles decreased slightly by 0.3% to 83,282.
AS Tallink Grupp transported 556,056 passengers in June 2026, a decrease of 7.2% compared with June 2025. Cargo volumes increased by 2.0% to 22,993 units, while passenger vehicles declined by 11.2% to 77,733 units.
For the second quarter of 2026 (April–June), the company carried 1,454,725 passengers, down 2.2% year-on-year. Cargo volumes rose by 2.9% to 68,986 units, while passenger vehicle numbers fell by 6.5% to 199,025 units.
The figures indicate continued growth in freight traffic, while passenger and passenger vehicle volumes remained below last year’s levels.
- Tallink Grupp transported 364,894 passengers in February 2026, +5%
- Cargo units +9.2% to 19,777.
- Passenger vehicles -3.6% to 42,832.
Click on table to access the source
Tallink’s shuttle vessels MEGASTAR and MYSTAR, operating on the Tallinn–Helsinki route, are close to running entirely on renewable energy.
In January, 74% of the fuel used by the two ships consisted of liquefied biomethane (LBM), marking a significant step towards replacing conventional LNG completely.
The company’s stated objective is to substitute its full LNG demand with LBM in the near future, subject to favourable pricing and secure supply. According to CEO Paavo Nõgene, the transition represents a long-term strategic move rather than a temporary fuel switch, positioning the route as a low-emission corridor across the Gulf of Finland.
A full conversion to liquefied biomethane is expected to reduce greenhouse gas emissions by approximately 75% compared with fossil fuels.
Photo: Karl-Robert_Kurm
September 2025
- Passengers: 387,482 (↓ 4.1% vs Sept 2024)
- Cargo units: 21,269 (↓ 8.2%)
- Passenger vehicles: 55,973 (↓ 5.9%)
Q3 2025 (July–September)
- Passengers: 1,766,335 (↑ 3.0% vs Q3 2024)
- Cargo units: 60,306 (↓ 9.8%)
- Passenger vehicles: 251,751 (↑ 0.4%)
By Route (Q3 2025 vs Q3 2024):
- Finland–Sweden:
- Passengers: ↓ 1.4% (435,770)
- Cargo: ↓ 17.6% (7,891)
- Vehicles: ↑ 2.5% (30,107)
- Estonia–Finland:
- Passengers: ↑ 10.1% (1,166,278)
- Cargo: ↓ 8.2% (44,388)
- Vehicles: ↑ 0.2% (208,228)
- Estonia–Sweden:
- Passengers: ↓ 23.5% (164,287)
- Cargo: ↓ 10.0% (8,027)
- Vehicles: ↓ 1.0% (13,416)
Operational Notes:
- Finland–Sweden: Operated by SILJA SERENADE, SILJA SYMPHONY, BALTIC PRINCESS.
- Estonia–Finland: Operated by MYSTAR, MEGASTAR (2 days off in Sept for maintenance), VICTORIA I.
- Estonia–Sweden: Operated by BALTIC QUEEN (Tallinn–Stockholm) and SUPERFAST IX (Paldiski–Kapellskär). Previous year had additional vessels on this route.
Other Events:
- Charter of GALAXY I extended until October 2026, with an additional 12-month extension option.
Source PDF Tallink Grupp
In February 2025 AS Tallink Grupp transported
-4.5% pax or 347,651 passengers
-32.1% cargo units or 18,107 units
-7.4% passenger vehicles or 44,431 units
Remark: Compared to 29 calendar days in February 2024 there were 28 calendar days in February 2025.
- STAR, which is returning to Estonia from long term charter to Irish Ferries, starts operating on the Paldiski-Kapellskär route from Sunday, 9 February 2025.
- Due to port service restrictions, only freight and car passengers.
- The vessel will operate on an intensified schedule, alternating in the opposite direction to the schedule of the company’s cruise ferry BALTIC QUEEN, which sails between Tallinn and Stockholm. This ensures that ferry travel between Estonia and Sweden is again possible almost daily.
- Before returning to regular service on the Paldiski-Kapellskär route, STAR will undergo the necessary renewal and preparatory work in dry dock at Naantali, Finland.
- Will replace the vessels SAILOR and REGAL STAR, which previously operated on the route and will now remain on standby for future company decisions.
Q3
- Passengers:
Tallink Grupp carried 1,715,496 passengers in Q3 2024, a 3.4% decrease from 1,775,821 in Q3 2023. - Trips:
The company operated 1,840 trips in Q3 2024, an increase of 131 trips compared to 1,709 trips in Q3 2023. - Revenue:
Revenue for Q3 2024 was EUR 231.9 million, a 3.7% decline from EUR 240.7 million in Q3 2023. - EBITDA:
EBITDA for Q3 2024 stood at EUR 68.4 million, down 16.7% from EUR 82.1 million in Q3 2023. - Net Profit:
Q3 2024 net profit was EUR 36.8 million, a 24.4% decrease compared to EUR 48.7 million in Q3 2023. - Liquidity Buffer:
At the end of Q3 2024, the company’s liquidity buffer amounted to EUR 107.6 million, compared to EUR 199 million at the end of Q3 2023. - Investments:
Investments in Q3 2024 were EUR 5.6 million, down from EUR 6.1 million in Q3 2023. - Loan Repayments & Dividends:
The company repaid loans worth EUR 27 million and made dividend payments of EUR 44.6 million in Q3 2024.
First Nine Months (1 January – 30 September 2024):
- Revenue: EUR 602.3 million, a 6.1% decline from EUR 641.6 million in the same period in 2023.
- EBITDA: EUR 149.5 million, down from EUR 177.7 million in 2023.
- Net profit: EUR 45.5 million, down from EUR 76.7 million in 2023.
The financial result of the first 9 months of 2024 was impacted by the following factors:
- Low consumer and business confidence in the home markets as well as mounting geopolitical tensions.
- The number of vessels on charter dropped from 5 in the beginning of the year to 3 as at the end of the third quarter.
- Sale of the cruise vessel Isabelle in the first quarter of 2024.
- Two vessels in lay-up including the cruise vessel Romantika the charter agreement of which was prematurely terminated in September 2023 and MV Superfast IX (formerly Atlantic Vision) the charter agreement of which ended in May 2024.
- Payment of dividends in the amount of EUR 44.6 million in the third quarter of 2024.
- Income tax expense on dividends in the amount of EUR 9.2 million was recorded in the second quarter of 2024. In the third quarter of 2024, income tax on dividends was paid in the amount of EUR 4.9 million (EUR 4.3 million of the dividend tax expense was offset by prepaid income tax).
- Repayment of long-term loans in the amount of EUR 59.5 million.
CEO’s Outlook (Paavo Nõgene):
Despite challenging market conditions and the fragile economic environment, Tallink Grupp’s third quarter results are strong. With two vessels suspended, the company has still managed to deliver confidence-inspiring results. The company remains lean and aims to reinstate its regular dividend payments in 2025, barring any unforeseen disruptions during the remainder of the year.
For a more detailed report: Tallink Newsroom
Tallink Grupp has announced signing an agreement with Dutch company Slaapschepen Public BV for the extension of the charter contract for its vessel Galaxy I. The vessel has been chartered to the Netherlands since September 2022, and currently provides temporary accommodation for asylum seekers in Amsterdam. According to the new agreement, the charter of the vessel has been extended by another year from October 2024, with the possibility to extend the agreement by a further 6+6 months after that.
In addition to Galaxy I, the company’s vessel Silja Europa is currently also chartered to the Netherlands until the end of 2024, also providing accommodation for asylum seekers in the City of Rotterdam.
Photo Marko Stampehl.
