Group 1 - Irish Continental Group plc (ICG) announces the retirement of Thomas Corcoran as Company Secretary effective from 14 November 2025, after serving in various financial roles since 1989 and as Company Secretary since 2001 [1] - The Board expresses gratitude for Thomas Corcoran's contributions to the Group's success and growth during his tenure [1] - Brian Holland has been appointed as the new Company Secretary effective from 14 November 2025, previously serving as Finance Director of ICG's Ferries Division since joining in 2019 [2] Group 2 - Irish Continental Group is the leading Irish-based maritime transport group, providing services for passengers, cars, Roll on Roll off (RoRo) freight, and Container Lift on Lift off (LoLo) freight [3] - The company operates routes between Ireland, Britain, and Continental Europe, and also manages container terminals in the ports of Dublin and Belfast [3]

Core Insights - United Maritime Corporation declared a quarterly cash dividend of $0.09 per share for Q3 2025, marking the 12th consecutive quarterly distribution, with total cash dividends of $1.74 per share since the capital return program began in November 2022 [4][11] - The company reported a net income of $1.1 million for Q3 2025, compared to a net loss of $0.9 million in Q3 2024, indicating a positive turnaround in profitability [3][7] - United made a strategic investment of $0.5 million in an AI-driven maritime technology platform aimed at optimizing ship management operations, reflecting the company's commitment to digital transformation [5][45] Financial Performance - For Q3 2025, net revenues were $11.0 million, down from $11.6 million in Q3 2024, while for the nine-month period, revenues decreased to $31.2 million from $34.6 million [3][8] - Adjusted net income for Q3 2025 was $1.6 million, compared to an adjusted net loss of $0.3 million in Q3 2024, showing significant improvement [3][26] - EBITDA for Q3 2025 was reported at $4.9 million, slightly up from $4.6 million in Q3 2024, while adjusted EBITDA was $5.4 million compared to $5.2 million in the same period [3][24] Operational Developments - The company completed the sale of two older Capesize vessels, generating approximately $18.8 million in liquidity after debt repayment, which bolstered cash reserves [4][14] - United increased its investment in an offshore energy construction vessel project to approximately $12.8 million, becoming the largest individual shareholder, indicating a strategic focus on high-potential segments [4][15] - The fleet's Time Charter Equivalent (TCE) rate for Q3 2025 was $15,093 per day, down from $16,365 in Q3 2024, reflecting changes in fleet composition following the divestment of older vessels [7][12] Shareholder Returns - The company repurchased approximately $0.2 million worth of shares during Q3 2025, demonstrating confidence in its future prospects [4][32] - The declared dividend of $0.09 per share represents an annual yield of approximately 9% based on recent trading levels, reinforcing the company's commitment to returning capital to shareholders [11][31] Market Outlook - The dry bulk market, particularly the Panamax segment, remains firm, supported by strong coal and grain flows, with expectations of continued strength into Q1 2026 [17] - The company anticipates an overall TCE of approximately $15,040 for Q4 2025, based on fixed and index-linked charters, indicating a positive outlook for the upcoming quarter [29][30]

Core Insights - Infortar reported a significant growth in sales volume, with a 33% increase in Q3 2025, reaching €468 million, and a consolidated revenue of €1.42 billion for the first nine months of 2025, compared to €925.6 million in the same period of 2024 [1][12] - The company achieved an EBITDA of €105 million in Q3 2025, with a net profit of €72 million, reflecting strong performance across all business segments [1][11] - Infortar's subsidiaries, Tallink and Elenger, contributed to the overall growth, with Tallink increasing passenger numbers and Elenger expanding its market share to 30% in Finland and the Baltic region [2][6] Financial Performance - Q3 2025 sales revenue was €467.7 million, up from €349.5 million in Q3 2024, while the gross profit increased to €95.8 million from €40.7 million [9][19] - The EBITDA margin improved to 22.4% in Q3 2025 from 12.0% in Q3 2024, indicating enhanced profitability [11] - Consolidated net profit for the first nine months of 2025 was €57.8 million, a decrease from €187.3 million in the same period of 2024, primarily due to a one-time profit from the Tallink acquisition in the previous year [15] Business Segments - The maritime transport segment reported an EBITDA of €102.5 million for the first nine months of 2025, while the energy segment's EBITDA was €76.5 million, showing a slight decline from the previous year [13][14] - In the real estate segment, EBITDA remained stable at €11 million for the first nine months of 2025 [14] - Tallink transported 1,766,335 passengers and 60,306 cargo units in Q3 2025, demonstrating strong adaptability and financial stability [5] Sustainability Initiatives - Tallink's new shuttle vessel, MyStar, began using bio-LNG fuel in Q3 2025, aiming for a full transition to bio-LNG for both MyStar and Megastar [3] - The share of locally produced biomethane in Estonia's gas consumption has grown to nearly 10%, enhancing energy independence [4] Infrastructure Development - Ongoing construction projects include Rimi's logistics center and the new Pärnu bridge, with the latter introducing innovative engineering solutions [7] - The construction of Rail Baltica's mainline is progressing, with a contract value of €67.2 million, expected to continue until March 2028 [8]

Company Overview - Infortar operates in seven countries, focusing on maritime transport, energy, and real estate [3] - The company holds a 68.47% share in Tallink Grupp and a 100% share in Elenger Grupp, alongside a real estate portfolio of approximately 141,000 m² [3] - Infortar's operations extend to construction, mineral resources, agriculture, printing, and other sectors, comprising a total of 110 companies, including 101 subsidiaries, 4 affiliated companies, and 5 subsidiaries of affiliated companies [3] - The company employs 6,866 people, excluding affiliates [3] Upcoming Investor Webinar - Infortar will host a webinar for investors on 3 November 2025, with sessions in Estonian at 12:00 (EET) and in English at 14:00 (EET) [1] - The webinar will feature the Chairman of the Board, Ain Hanschmidt, Managing Director Martti Talgre, and Investor Relations Manager Kadri Laanvee [1] - Participation does not require prior registration, and the event will be accessible via Microsoft Teams or web browser [2] - Questions can be submitted before and during the webinar, and a recording will be available on the company's website afterward [2]

Group 1 - Aktsiaselts Infortar conducted a share buyback program on the Nasdaq Tallinn Stock Exchange from October 20 to October 24, 2025, acquiring a total of 2,024 shares at a weighted average price ranging from EUR 40.8000 to EUR 41.0000 [1] - The share buyback program is managed by SEB Pank AS, which is responsible for executing the transactions on behalf of Aktsiaselts Infortar [1] - Summary data regarding daily volume and weighted average prices will be disclosed within seven trading days following the transactions and will be available to the Estonian Financial Supervision and Resolution Authority [2] Group 2 - Infortar operates in seven countries, focusing on maritime transport, energy, and real estate, with a significant ownership stake in Tallink Grupp (68.47%) and Elenger Grupp (100%) [3] - The company has a modern real estate portfolio of approximately 141,000 square meters and is involved in various sectors including construction, mineral resources, agriculture, and printing [3] - Infortar comprises a total of 110 companies, including 101 subsidiaries, 4 affiliated companies, and 5 subsidiaries of affiliated companies, employing 6,866 people excluding affiliates [3]

Group 1 - Aktsiaselts Infortar has initiated a buy-back program for 250,000 of its own shares based on the authorization from the General Meeting of Shareholders held on June 6, 2025 [1] - The buy-back will occur over a period of five years, with the acquisition price per share not exceeding 150% of the average stock exchange price over the last 30 trading days prior to the buy-back transaction [2] - The buy-back program is managed by SEB Pank AS, which will operate independently in making trading decisions regarding the timing of purchases [3] Group 2 - Summary data regarding daily volume and weighted average price of the shares will be disclosed within seven trading days after each transaction and will be available to the Estonian Financial Supervision and Resolution Authority and on the company's investor website [4] - The company is authorized to acquire its own shares through the Nasdaq Tallinn Stock Exchange under the buy-back program as defined in EU regulations [5] Group 3 - Infortar operates in seven countries, focusing on maritime transport, energy, and real estate, with a 68.47% stake in Tallink Grupp and a 100% stake in Elenger Grupp [6] - The company has a modern real estate portfolio of approximately 141,000 square meters and operates in various sectors including construction, mineral resources, agriculture, and printing [6] - Infortar comprises 110 companies, including 101 subsidiaries, 4 affiliated companies, and 5 subsidiaries of affiliated companies, employing a total of 6,866 people excluding affiliates [6]

Hong Kong will not start imposing port fees targeting individual countries, despite China and the US charging special levies aimed at one another’s ships https://t.co/x0gjGs8MQ0 ...

Geopolitical Landscape - The Russia's shadow fleet, which conceals ships or their identities, has surged since the war in Ukraine began [1] - The shadow fleet is likely to outlive the war in Ukraine [1] Naval Strategy - Western navies are only just starting to grapple with the long battle ahead regarding the shadow fleet [1]

A Netherlands-flagged ship caught fire in the Gulf of Aden near Yemen after being struck by an unidentified projectile, a UK Navy group reported https://t.co/0QMNLhy1Hz ...

Group 1 - The Supervisory Board of AS Elenger Grupp has approved the extension of Management Board Member Dāvis Sklute's term for an additional three years, until September 30, 2028 [1] Group 2 - Infortar operates in seven countries, focusing on maritime transport, energy, and real estate, with a 68.47% share in Tallink Grupp and a 100% share in Elenger Grupp [2] - Infortar has a real estate portfolio of approximately 141,000 m² and operates in various sectors including construction, mineral resources, agriculture, and printing [2] - The Infortar group consists of 110 companies, including 101 subsidiaries, 4 affiliated companies, and 5 subsidiaries of affiliated companies, employing a total of 6,866 people excluding affiliates [2]