ESTONIA. Leading cruise ferry company and travel retailer Tallink Grupp today revealed full-year results for 2025, with shop and restaurant sales reaching €366.3 million, down by -2.5% year-on-year. Retail traditionally accounts for around three-quarters of the combined shopping and dining business.
Across the full year, Tallink and its subsidiaries served just over 5.5 million passengers, down by -0.9% compared to 2024. The Estonia–Finland route accounted for 3.6 million of all travellers, with volumes up +1.8% year-on-year. Finland–Sweden route accounted for nearly 1.4 million passengers (-2.4%) while just over half a million people travelled on the Estonia–Sweden route, which was served by one cruise vessel, and on which volumes slipped by -12.5%.
Group total revenue decreased by -2.5% year-on-year to €765.3 million, EBITDA fell by -26% to €130 million and net profit reached €17.3 million, more than halving compared to 2024.
Tallink Grupp CEO Paavo Nõgene said, “Just like in recent years, 2025 was filled with challenges. Our results were particularly affected by economic uncertainty in our largest market, Finland. The overall unfavourable environment also impacts cargo flows, although it is important to note that these have shown moderate growth at the start of this year.
“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 neighbouring countries,” he added.
The sale of three vessels during the year helped manage costs, said Nõgene, adding that reducing debt was a priority in 2026. At the end of the latest financial year, the group operated 11 vessels, with a further three chartered out.
“Considering all circumstances, the year can be described as difficult but, with reservations, satisfactory,” Nõgene said. 🛳️
