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]

Group 1 - Aktsiaselts Infortar's subsidiary AS Elenger Grupp has secured a EUR 170 million syndicated term loan facility to refinance existing long-term debt and invest in gas distribution networks [1] - The financing will enhance investment capacity, improve service quality, and strengthen supply security for over 400,000 customers, linking gas infrastructure to climate goals [2] - The transaction does not impact Infortar's debt servicing capacity and has no material effect on the company's economic activities [6] Group 2 - 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 [7] - The company has a diverse portfolio, including approximately 141,000 m² of real estate and employs 6,866 people across 110 companies [7]

Historical Maritime Event - A ghost ship, the FJ King, which sank approximately 140 years ago, has been located in Lake Michigan [1] - The FJ King, a 144-ton vessel, was utilized for transporting grain and iron ore [1] - The ship sank in 1886 after encountering 10-foot waves [2] Discovery and Condition - Search efforts for the FJ King had been ongoing since the 1970s [2] - Sonar equipment facilitated the discovery of the wreckage [2] - Researchers express surprise at the relatively intact condition of the wreckage [2]