Core Insights - The Irish Continental Group (ICG) reported strong financial performance for the year ended December 31, 2025, with revenue increasing by 10.4% to €666.7 million compared to €603.8 million in 2024, driven by solid operational performance across both divisions [2][6][3] Financial Summary - Revenue for 2025 was €666.7 million, up from €603.8 million in 2024, reflecting a 10.4% increase [2][6] - EBITDA rose to €150.6 million, a 12.8% increase from €133.5 million in 2024 [2][6] - Operating profit increased by 23.9% to €85.6 million from €69.1 million in 2024 [2][6] - Basic earnings per share improved by 28.4% to 46.6 cents from 36.3 cents in 2024 [2][6] - Final dividend declared was 10.95 cents per share, up 5.0% from 10.43 cents in 2024 [2][6] - Net debt increased by 57.9% to €256.1 million from €162.2 million in 2024 [2][6] Operational Highlights - The Ferries Division generated revenue of €465.5 million, a 7.4% increase from €433.5 million in 2024, with EBITDA rising to €120.7 million [11][7] - RoRo freight units increased by 6.5% to 816,700 units, while car carryings decreased by 3.9% to 679,700 cars [11][16] - The Container and Terminal Division saw revenue rise by 15.3% to €234.6 million, with EBITDA increasing by 26.2% to €29.9 million [18][19] Strategic Developments - The acquisition of the James Joyce ferry and the purchase obligation for the Oscar Wilde completed the transition to full fleet ownership, enhancing operational control and cost predictability [35][36] - The extension of the BCT concession with Belfast Harbour Commissioners to 2032 reflects operational excellence and strengthens the Group's position in terminal operations [37] Current Trading and Outlook - For the period from January 1, 2026, to February 28, 2026, car volumes increased by 1.8% compared to the same period in 2025, while RoRo freight units grew by 11.1% [41][42] - Despite operational challenges at Holyhead Port, the Group remains well-positioned to capitalize on market opportunities due to its modern fleet and strong balance sheet [46]

Ana Botín | Executive Chair 25 February | London 1 Important information Non-IFRS and alternative performance measures Banco Santander, S.A. ("Santander") cautions that this webcast may contain financial information prepared according to International Financial Reporting Standards (IFRS) and taken from our consolidated financial statements, as well as alternative performance measures (APMs) as defined in the Guidelines on Alternative Performance Measures issued by the European Securities and Markets Authori ...

FY'25 Earnings Presentation Acquisition of Webster 3 February 2026 Important information Non-IFRS and alternative performance measures Banco Santander, S.A. ("Santander") cautions that this presentation may contain financial information prepared according to International Financial Reporting Standards (IFRS) and taken from our consolidated financial statements, as well as alternative performance measures (APMs) as defined in the Guidelines on Alternative Performance Measures issued by the European Securitie ...