- Viking Line has become the first shipping company to integrate with Matkahuolto’s Matkat transport app.
- Travellers can now book and pay for their entire journey in one place, combining local transport, coaches or rail with Viking Line sailings to Tallinn, Stockholm or Åland.
- The app allows passengers to plan door-to-door journeys across Finland, comparing routes and timetables and purchasing all tickets in a single transaction.
- The service aims to make public transport connections to ports easier and more sustainable for travellers.
Full Year 2025 (vs 2024)
- Revenue: EUR 480.9 M (+0.2%)
- Operating income (EBIT): EUR 21.1 M (down from EUR 26.7 M)
- Profit before tax: EUR 18.9 M (EUR 19.8 M)
- Net profit: EUR 16.0 M (EUR 15.9 M)
Traffic & Market
- Passengers: 4,608,573 (–0.8%)
- Total market share: 32.1% (32.8%)
- Finland–Sweden share: 59.8% (unchanged)
- Finland–Estonia share: 24.3% (24.5%)
Freight: Record Year
- Cargo units: 139,484 (+3.9%) – new historical high
- Freight market share: 19.4% (17.8%)
- Fossil-free freight option introduced on all routes
Freight continues to outperform despite weak Finnish macro conditions.
Q4 2025: Improved Profitability
- Revenue: EUR 112.6 M (+2.8%)
- EBIT: EUR 3.6 M (EUR 1.5 M)
- Net profit: EUR 4.1 M (EUR 3.5 M)
Passenger revenue rose 3.2%. Operating costs fell 0.6%.
Cost & Regulatory Pressure
- Operating costs FY: EUR 328.6 M (+1.7%)
- Emission allowance costs: EUR 4.5 M (EUR 3.1 M)
- Wage costs +2.8%, partly due to Birka Gotland staffing
- ETS phase-in increased to 70% in 2025
- FuelEU Maritime entered into force 1 January 2025
Island exemption applies to parts of Turku–Stockholm and Helsinki–Stockholm routes.
Investments
- Capex: EUR 19.6 M (4.1% of revenue)
- Dockings (GABRIELLA, VIKING XPRS)
- Emission allowances
Helios project (large electrified vessel concept for Helsinki–Tallinn) progressing.
2026 Outlook
- Profit before tax expected on par with or slightly better than 2025
- Continued uncertainty:
- Weak consumer demand
- Geopolitics
- Energy prices
- Emission costs
- Source: Viking Line
Viking Line is renewing its offer of travel and transport powered by a high share of renewable European biogas in 2026.
Key points:
- After increasing biofuel use tenfold in 2025, Viking Line has secured another year at the same ambitious level.
- Biogas is used alongside LNG on VIKING GLORY and VIKING GRACE on the daily Turku–Stockholm route.
- The combination delivers very low sulphur and particle emissions and a significantly reduced climate footprint.
- Viking Line expects 50% biogas coverage for the first half of 2026.
- In 2025, greenhouse gas emissions on the two vessels were reduced by nearly 50,000 tonnes.
- The company is developing a green shipping corridor with the Ports of Stockholm and the Port of Turku.
- The objective is for the corridor to become completely fossil-free by 2035.
CEO Marcus Risberg calls the biogas investment one of the clearest large-scale examples of shipping’s practical transition towards fossil-free operations.
Viking Line is supporting three organisations working to protect the Baltic Sea: the John Nurminen Foundation, the University of Helsinki’s Tvärminne Zoological Station, and the Baltic Sea Action Group.
The donation comes from proceeds of plastic bag sales on board and complements the company’s long-term environmental efforts, including a major increase in biogas use this year.
Full story: Viking Line
AS Tallink Grupp reported a net profit of €40.8 million for Q3 2025, driven by a strong summer season and revenue of €233.1 million. Passenger numbers rose 3% year-on-year to 1.77 million.
However, the first nine months reflect economic headwinds, vessel lay-ups, and maintenance periods. Revenue reached €577.3 million (–4.2%), while net profit dropped to €5.1 million (from €45.5 million). EBITDA was €102.5 million, down €47 million. Loan and interest payments totalled €96.2 million.
“The summer brought solid growth in passenger numbers and profitability,” said CEO Paavo Nõgene. “But full-year results still show the impact of the economic climate and geopolitical tensions.”
Maintenance work on BALTIC PRINCESS and SILJA SERENADE reduced volumes on Finland–Sweden routes, and up to four idle vessels also weighed on results. These ships have since been sold or redeployed.
Click on photo to access the Q3 report
Viking Line Abp reported a solid third quarter for 2025, with sales of €152.5 million (€151.5 million in Q3 2024) and operating income of €28.7 million (€29.4 million). Income after taxes rose to €29.3 million, up from €24.9 million.
For January–September 2025, sales reached €368.3 million (€370.6 million), and operating income stood at €17.5 million (€25.2 million). Net profit after taxes was €12.0 million (€12.4 million). Investments totalled €15.4 million, mainly in GABRIELLA and VIKING XPRS.
President and CEO Jan Hanses said the third quarter was “stronger than last year,” noting that better late-summer weather supported travel and onboard sales. “Our expectation of improvement was met, albeit modestly,” he added.
The accumulated result was affected by dockings of GABRIELLA and VIKING XPRS, but Hanses expects a full-year result in line with 2024. He also cited challenges from higher fairway dues, ETS charges, and a strained economic climate reducing consumer spending.
Hanses highlighted continued record-high customer satisfaction and thanked staff, customers, and partners for their commitment. After nearly four decades at the company, he will step down as CEO on 3 November, handing over to Marcus Risberg, and will continue as a board member.
The Board expects pre-tax profits for 2025 to be on par with 2024, in line with earlier forecasts.
Click on Viking Line Investors for the full report
- Viking Line has nearly halved food waste on VIKING GLORY and VIKING GRACE through data, staff engagement and passenger awareness.
- Waste fell from 137 g to 77 g per passenger in less than a year, far exceeding the target of 100 g.
- The project began in autumn 2024 with support from Generation Waste, which provided monitoring technology and training.
- Staff now use ingredients more efficiently — even root ends, tomato stalks and leftover croissants are reused in new dishes.
- A survey of 2,000 Finns found that 58% value restaurants cutting waste and emissions, and 64% prefer locally sourced food.
- Remaining food waste from VIKING GRACE, VIKING GLORY and VIKING XPRS is converted into biogas, a carbon-neutral fuel also used on the Turku route.
Viking Line carried 1.78 million passengers between June and August 2025, slightly more than last year. Cargo volumes on its five vessels rose 3.6 per cent, while greenhouse gas emissions decreased thanks to higher biofuel use. For the first time, passengers could book a totally fossil-free journey.
The busiest routes were Helsinki–Tallinn with 738,000 passengers and Turku–Stockholm with a similar figure, while 304,000 travelled on the Helsinki–Stockholm service. Extra summer capacity was provided by VIKING CINDERELLA and GABRIELLA alongside VIKING XPRS.
Customer satisfaction reached a record high. Deputy CEO Peter Hellgren said the company was pleased with volumes and highlighted continued growth on the Estonian route, where Viking Line presented a new electric ferry concept earlier this year. Communications Director Johanna Boijer-Svahnström noted the rise of domestic tourism and strong demand from German and Chinese visitors.
Source: Viking Line
- Viking Line will increase renewable biofuel purchases sixfold this autumn, equivalent to VIKING GLORY’s annual consumption.
- Bio-LNG will be used on the Turku–Stockholm route by VIKING GLORY and VIKING GRACE, alongside LNG.
- Fuels generate virtually no sulphur or particulate matter emissions and support the circular economy through waste-based raw materials.
Emission Impact
- Annual biogas use rises from 600 tonnes to 3,800 tonnes.
- Greenhouse gas emissions cut by 17,000 tonnes, equal to 1,700 Finns’ annual footprint.
- Viking Line contributes to Gasum’s pooling service for FuelEU Maritime compliance.
Customer Choice
- For the first time, passengers, conference guests, and cargo customers can opt for fully fossil-free journeys on all routes.
- Demand aligns with trends: 45% of Finns surveyed plan to make more sustainable travel choices.
Future Investments
- Viking Line invested EUR 450 million in VIKING GLORY and VIKING GRACE.
- Developing green corridors Turku–Stockholm and Helsinki–Tallinn.
- Plans for a 100% electric passenger car ferry on Helsinki–Tallinn by the 2030s.
CEO Jan Hanses:
- “We want to be pioneers as Finnish maritime transport shows the way to a fossil-free future.”
- Q2 2025 sales rose to EUR 128.4m (EUR 125.9m in 2024) with operating income of EUR 6.9m (EUR 6.2m) and pre-tax income of EUR 4.8m (EUR 1.8m).
- For H1 2025, sales reached EUR 215.8m (EUR 219.1m), with an operating loss of EUR -11.2m (EUR -4.3m) and pre-tax loss of EUR -17.2m (EUR -12.4m). Results were impacted by the dockings of GABRIELLA and VIKING XPRS, as well as higher costs for emission allowances and fairway dues.
- Passenger volumes declined slightly to 2.0m, with a 31.6% market share. Freight volumes improved to 71,324 units, giving a 19.5% share.
- Investments amounted to EUR 12.4m, mainly related to GABRIELLA and VIKING XPRS.
- The Board approved a second instalment dividend of EUR 0.50 per share, totalling EUR 8.6m, to be paid on 25 August.
President and CEO Jan Hanses said the profit trend in Q2 was stronger than the previous year, with improvements seen in all months of the quarter. He noted that demand during the high season months of July and August is forecast to be good, though the autumn outlook remains uncertain.
The Board expects full-year pre-tax profits to be on par with 2024, despite economic headwinds in Finland and Sweden, geopolitical risks, and rising environmental compliance costs.
Full details: Viking Line