Tallink Grupp in 2025: Difficult but Satisfactory

By 22 February 20262026 Newsletter week 08
February 22, 2026

AS Tallink Grupp has published its unaudited financial results for the 2025 financial year.

  • Revenue EUR 765 million
  • Loan and interest payments amounted to nearly EUR 113 million
  • EBITDA EUR 130 million
  • Net profit EUR 17.3 million
  • Tallink Grupp and its subsidiaries contributed EUR 97 million in taxes to the Estonian state budget. An additional EUR 12 million worth of CO₂ allowances will be surrendered to the state for the previous year.
  • At the end of the financial year, the Group operated 11 vessels, with three chartered out and additional three sold.
  • The company plans to continue paying dividends in the current year.

Paavo Nõgene, CEO of AS Tallink Grupp:

  • “Results were particularly affected by economic uncertainty in largest market, Finland.”
  • “In Estonia, the lack of state support for the maritime sector further strains our business operations and places us at a competitive disadvantage compared to neighboring countries.”
  • “The sale of three vessels supported cost‑base optimization. We have consistently reduced our debt burden and will continue to prioritize this going forward.”
  • CONCLUSION: “Considering all circumstances, the year can be described as difficult but, with reservations, satisfactory.”

Statistics

  • 5 million pax (-0.9%)
  • 6 million pax on Estonia–Finland (+1.8%)
  • 4 million pax on Finland–Sweden (-2.4%)
  • 245,000 cargo units (-19.2%)
  • 760,000 passenger vehicles (-2.2%)

Environmental

In 2025, shuttle vessels began bunkering biomethane.

CEO Nõgene hopes that sufficient fuel will remain available at a reasonable price. “We have already reached three‑quarters of our biomethane supply target.”

Click on the image to access the 2025 report