TRADING UPDATE Irish Continental Group plc ("ICG" or "the Group") issues this trading update which covers carryings for the year to date to 3 May 2025 and financial information for the first four months of 2025, i.e. 1 January to 30 April with comparisons against the corresponding period in 2024. All figures are unaudited. Volumes (Year to date, 3 May 2025) | | 2025 | 2024 | Change vs | | --- | --- | --- | --- | | | | | 2024 | | Cars | 140,800 | 151,500 | (7.1%) | | RoRo Freight | 259,400 | 260,900 | (0.6%) ...

Core Insights - Infortar, Estonia's largest investment holding company, reported a 20% increase in turnover for Q1 2025, reaching €447 million, with total assets nearly doubling to €2.6 billion and investments tripling to €22 million [1][14][17] - The consolidation of Tallink's results into Infortar's financial statements led to a net loss of €14.6 million for Q1 2025, primarily due to Tallink's seasonal losses and an income tax expense [2][16] - The company has diversified its operations across agriculture, industry, and services, becoming a market leader in each sector [3] Financial Performance - In Q1 2025, Infortar's sales revenue increased by €74.7 million compared to Q1 2024, largely due to the consolidation of Tallink Grupp [14] - The EBITDA for the maritime transport segment was negative at €-3.8 million, while the energy segment reported €31.8 million, and the real estate segment's EBITDA was €3.4 million [15] - The net profit attributable to Infortar's owners was €-4.5 million, a significant decline from a profit of €62.2 million in Q1 2024 [16] Sector Performance - The maritime transport segment faced challenges due to low consumer confidence and economic conditions in core markets, resulting in a loss of €33 million for Tallink in Q1 2025 [4][7] - The energy segment remained profitable despite a 19% decrease in natural gas consumption in the Finnish-Baltic region, attributed to an exceptionally warm winter [9][11] - The real estate segment experienced significant growth, expanding its portfolio by nearly 50% over the past year [5] Investment and Strategy - Infortar's total investments in Q1 2025 amounted to approximately €22 million, with a focus on expanding its agricultural sector presence [17] - The company maintains a strong balance sheet with free liquidity of €153 million, allowing for continued investment and adherence to its dividend policy [6][19] - Infortar operates in seven countries and has diversified its activities beyond its main sectors, including construction, agriculture, and mineral resources [24]

Infortar will organize a webinar for investors on 5 May 2025 at 12:00 (EET) in Estonian and at 14:00 (EET) in English to introduce the first quarter 2025 results. The webinar will be attended by the Chairman of the Board of Infortar Ain Hanschmidt, the Managing Director Martti Talgre and Investor Relations Manager Kadri Laanvee. The webinar will be hosted on the Microsoft Teams platform. Please note that to participate, no prior registration is required, and no reminder of the webinar will be sent. You can ...