Tallinna Sadam AS (FRA:K9B)
€ 1.218 -0.010 (-0.81%) Market Cap: 330.33 Mil Enterprise Value: 460.39 Mil PE Ratio: 17.94 PB Ratio: 0.86 GF Score: 58/100

Full Year 2025 Tallinna Sadam AS Earnings Call Transcript

Feb 26, 2026 / 09:00 AM GMT
Release Date Price: €1.4 (-1.40%)

Key Points

Positve
  • Cargo volumes increased by 6% in Q4, driven by dry bulk and roro shipments.
  • Passenger numbers rose significantly, supported by increased traffic from Greece and Helsinki.
  • The completion of the South Paaldey Harbor New Quay is expected to generate additional revenue.
  • Tallinna Sadam AS received EU support for onshore power supply construction, aiding future business prospects.
  • The company successfully regained 50 hectares of property in Mugga Harbor, opening opportunities for new international tenders.
Negative
  • Adjusted EBITDA decreased by approximately 1 million euros due to maintenance and repair works.
  • Operating profit reduced by 1.3 million euros, reflecting challenges in maintaining profitability.
  • The Boitnica segment experienced a decline in revenue due to lower utilization rates.
  • Revenue from the 'other' segment decreased due to fewer public charter days.
  • The company faces risks related to passenger business growth and profitability, influenced by macroeconomic conditions.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TSM1T.TL - Tallinna Sadam AS
Full Year 2025 Tallinna Sadam AS Earnings Call
Feb 26, 2026 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning.

The analysts, Welcome to our webinarium. My name is Waldo Collum. I'm in charge of part of Telling Group, and Erinos.

He's our.

Leader of investor relations, good morning.

I would like to start as usually with events from Q4. Very generally speaking, the whole year was quite okay, and then.

Also, Happened a lot of events during the year, but now let's focus on last quarter.

There was increase of cargo volumes.

Up to 6% coming mainly from, dry bulk and raw raw.

There was also a higher number of passengers in passenger business.

Supported by Helsinki but more.

From Greece.

Also ferry business showed increase in
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