Tallink transported 1.49 million passengers in Q2 2025 – a 2.5% increase year-on-year – signalling renewed trust and travel appetite. However, freight volumes dropped 22.8%, highlighting continued pressure in that segment.

Q2 Revenue: €207 million

EBITDA: €37.4 million

Net Loss: €2.5 million (incl. €11m dividend tax)

CEO Paavo Nõgene points to seasonality, reduced idle vessels, and strategic moves like the sale of STAR I and chartering of ROMANTIKA as positive signs for recovery.

Despite a challenging first half – with passenger volumes down 3.8% and a net loss of €35.7 million – investments in fleet renewal (€22m) and debt reduction signal a long-term commitment to resilience and shareholder value.

Maintenance of BALTIC PRINCESS and SILJA SERENADE accounted for 68 days out of service, part of the group’s strategy to extend asset life and improve passenger experience.

Tallink stays the course with a clear focus: optimising operations, reducing debt, and returning to profitability.