INVESTOR NEWS no. 28 - 26 August 2025 Space charter agreement with TT Line covering freight and passengersAgreement covers DFDS route Klaipeda-KarlshamnDFDS also granted access to capacity on TT Line routes Klaipeda-Trelleborg and Klaipeda-TravemündeAgreement expected to be effective from 1 October 2025 To enhance the efficiency and scope of our Baltic Sea ferry network, DFDS has today entered into a mutual space charter agreement with TT Line on the combined freight and passenger (RoPax) route Karlshamn- ...

INVESTOR NEWS no. 27 - 25 August 2025 Purchase of two ferries from Naviera Armas that is exiting Strait of GibraltarTransaction adds one ferry on each of DFDS’ two current routes from Algeciras to Tanger Med and CeutaPurchase closing expected in Q1 2026 subject to regulatory approvalsNo impact on 2025 financials expected DFDS has entered into an agreement to purchase part of the assets of Naviera Armas’ Strait of Gibraltar ferry operations. Besides one combined freight and passenger ferry (RoPax) and one h ...

Core Insights - AS Tallink Grupp reported a 4.6% increase in passenger numbers for July 2025, totaling 783,324 compared to 748,902 in July 2024 [1] - The number of cargo units transported decreased by 10.2% to 19,519 units, while passenger vehicles saw a slight increase of 0.6% to 112,209 units [1] Passenger Transport Summary - Finland-Sweden route saw a 1.0% increase in passengers, totaling 214,552 in July 2025 [1][2] - Estonia-Finland route experienced a significant 14.0% increase, with 502,930 passengers [1][3] - Estonia-Sweden route faced a decline of 31.0%, with only 65,842 passengers [1][4] Cargo Transport Summary - Cargo units on the Finland-Sweden route decreased by 14.0% to 2,440 units [1][2] - Estonia-Finland route's cargo units fell by 8.9% to 14,811 [1][3] - Estonia-Sweden route's cargo units decreased by 13.8% to 2,268 [1][4] Passenger Vehicles Summary - Passenger vehicles on the Finland-Sweden route increased by 4.8% to 16,843 [1][2] - Estonia-Finland route saw a minor increase of 0.6% to 89,188 [1][3] - Estonia-Sweden route experienced a decline of 9.5%, totaling 6,178 vehicles [1][4]

Core Insights - AS Tallink Grupp reported a net loss of EUR 2.5 million in Q2 2025, a significant decline from a net profit of EUR 6.1 million in Q2 2024, indicating challenges in profitability [3][11] - The Group's total revenue decreased by EUR 3.1 million to EUR 207.0 million compared to EUR 210.0 million in the same quarter last year, reflecting operational difficulties [3][21] - Passenger numbers increased by 2.5% year-on-year, totaling 1,488,128 passengers, while cargo units transported saw a significant decline of 22.8% [2][21] Financial Performance - The Group's unaudited EBITDA for Q2 2025 was EUR 37.4 million, down from EUR 46.6 million in Q2 2024, indicating a decrease in operational efficiency [3][21] - Gross profit declined by EUR 7.8 million to EUR 39.1 million compared to EUR 46.8 million in the same quarter last year [9][21] - Revenue from route operations, the Group's core business, decreased by EUR 1.0 million to EUR 167.8 million compared to Q2 2024 [4][21] Segment Analysis - The Estonia-Finland route saw a 4.9% increase in passenger numbers, but cargo units transported decreased by 23.9%, with revenue remaining stable at EUR 84.6 million [5][21] - Finland-Sweden routes experienced a 2.8% increase in passengers, with revenue rising by EUR 1.8 million to EUR 60.4 million, despite a 32.4% drop in cargo units [6][21] - Estonia-Sweden routes faced a 10.9% decrease in passengers and a revenue drop of EUR 2.9 million to EUR 22.9 million, reflecting operational challenges [7][21] Investments and Financial Position - The Group's investments in Q2 2025 amounted to EUR 8.4 million, primarily for maintenance and refurbishment of vessels [15][21] - As of June 30, 2025, the Group's net debt was EUR 459.7 million, down from EUR 569.1 million at the end of Q1 2025, improving the net debt to EBITDA ratio to 3.6 [16][21] - Cash and cash equivalents increased to EUR 36.0 million from EUR 15.9 million at the end of Q1 2025, indicating improved liquidity [17][21] Operational Challenges - Demand was affected by low consumer and business confidence, economic challenges in core markets, and global geopolitical tensions [13][21] - The Group operated 13 vessels at the end of Q2 2025, including 3 vessels on charter and 2 vessels in lay-up, reflecting operational adjustments [13][21]

Core Insights - AS Tallink Grupp reported a 4.9% increase in passenger transport in June 2025 compared to June 2024, totaling 598,977 passengers [1] - The company experienced a significant decrease in cargo units transported, down 11.2% in June and 22.8% in the second quarter compared to the previous year [2] - Passenger vehicles transported saw a slight increase of 1.0% in June and 1.4% in the second quarter compared to the same periods last year [2] Passenger Transport Summary - June 2025: 598,977 passengers, up from 570,803 in June 2024 (4.9% increase) [2] - Q2 2025: 1,488,128 passengers, up from 1,451,768 in Q2 2024 (2.5% increase) [2] - Key routes: - Finland-Sweden: 153,422 passengers in June 2025, down 0.6% from June 2024 [2] - Estonia-Finland: 386,211 passengers in June 2025, up 14.8% from June 2024 [2] - Estonia-Sweden: 59,344 passengers in June 2025, down 25.8% from June 2024 [2] Cargo Transport Summary - June 2025: 22,544 cargo units, down from 25,383 in June 2024 (11.2% decrease) [2] - Q2 2025: 67,038 cargo units, down from 86,813 in Q2 2024 (22.8% decrease) [2] - Key routes: - Finland-Sweden: 2,899 cargo units in June 2025, down 16.7% from June 2024 [2] - Estonia-Finland: 16,247 cargo units in June 2025, down 11.0% from June 2024 [2] - Estonia-Sweden: 3,398 cargo units in June 2025, down 7.0% from June 2024 [2] Passenger Vehicle Transport Summary - June 2025: 87,530 passenger vehicles, up from 86,651 in June 2024 (1.0% increase) [2] - Q2 2025: 212,782 passenger vehicles, up from 209,760 in Q2 2024 (1.4% increase) [2] - Key routes: - Finland-Sweden: 9,558 passenger vehicles in June 2025, up 5.6% from June 2024 [2] - Estonia-Finland: 73,712 passenger vehicles in June 2025, up 0.6% from June 2024 [2] - Estonia-Sweden: 4,260 passenger vehicles in June 2025, down 1.6% from June 2024 [2]

Core Insights - AS Tallink Grupp reported a 4.9% increase in passenger transport in June 2025 compared to June 2024, with 598,977 passengers transported [1][2] - The company experienced a significant decrease in cargo units transported, down 11.2% in June and 22.8% in the second quarter compared to the previous year [2] - Passenger vehicles transported saw a slight increase of 1.0% in June and 1.4% in the second quarter compared to the same periods last year [2] Passenger Transport Summary - June 2025: 598,977 passengers, up from 570,803 in June 2024 (4.9% increase) [2] - Q2 2025: 1,488,128 passengers, up from 1,451,768 in Q2 2024 (2.5% increase) [2] - Key routes: - Finland - Sweden: 153,422 passengers in June 2025, down 0.6% from June 2024 [2] - Estonia - Finland: 386,211 passengers in June 2025, up 14.8% from June 2024 [2] - Estonia - Sweden: 59,344 passengers in June 2025, down 25.8% from June 2024 [2] Cargo Transport Summary - June 2025: 22,544 cargo units, down from 25,383 in June 2024 (11.2% decrease) [2] - Q2 2025: 67,038 cargo units, down from 86,813 in Q2 2024 (22.8% decrease) [2] - Key routes: - Finland - Sweden: 2,899 cargo units in June 2025, down 16.7% from June 2024 [2] - Estonia - Finland: 16,247 cargo units in June 2025, down 11.0% from June 2024 [2] - Estonia - Sweden: 3,398 cargo units in June 2025, down 7.0% from June 2024 [2] Passenger Vehicle Transport Summary - June 2025: 87,530 passenger vehicles, up from 86,651 in June 2024 (1.0% increase) [2] - Q2 2025: 212,782 passenger vehicles, up from 209,760 in Q2 2024 (1.4% increase) [2] - Key routes: - Finland - Sweden: 9,558 passenger vehicles in June 2025, up 5.6% from June 2024 [2] - Estonia - Finland: 73,712 passenger vehicles in June 2025, up 0.6% from June 2024 [2] - Estonia - Sweden: 4,260 passenger vehicles in June 2025, down 1.6% from June 2024 [2]

Group 1: Passenger and Cargo Transport Statistics - In May 2025, AS Tallink Grupp transported 472,683 passengers, reflecting a 2.0% decrease compared to May 2024 [1] - The number of cargo units decreased by 19.8% to 22,605 units compared to the same period a year ago [1] - The number of passenger vehicles decreased by 4.7% to 65,482 units compared to May 2024 [1] Group 2: Route Performance - Finland-Sweden route saw 108,330 passengers in May 2025, a 2.3% increase from 105,856 in May 2024 [1] - Estonia-Finland route had 313,348 passengers, a decrease of 4.7% from 328,949 in May 2024 [1] - Estonia-Sweden route experienced a 7.0% increase in passengers, totaling 51,005 in May 2025 compared to 47,652 in May 2024 [1] Group 3: Cargo Unit Performance by Route - Finland-Sweden route cargo units decreased by 35.8% to 2,377 units from 3,700 units in May 2024 [1] - Estonia-Finland route cargo units decreased by 19.9% to 16,808 units from 20,986 units in May 2024 [1] - Estonia-Sweden route cargo units saw a slight decrease of 2.7%, totaling 3,420 units compared to 3,516 units in May 2024 [1] Group 4: Passenger Vehicle Performance by Route - Finland-Sweden route passenger vehicles decreased by 4.4% to 4,389 units from 4,590 units in May 2024 [1] - Estonia-Finland route passenger vehicles decreased by 5.5% to 58,578 units from 62,002 units in May 2024 [1] - Estonia-Sweden route passenger vehicles increased by 17.7% to 2,515 units from 2,137 units in May 2024 [1] Group 5: Charter Agreement - AS Tallink Grupp signed an agreement with Madar Maritime Company for the chartering of the cruise ferry Romantika for 9 months starting from May 31, 2025, with an option to extend the agreement [5]

Group 1: Passenger Transport - AS Tallink Grupp transported 416,468 passengers in April 2025, marking a 4.5% increase from 398,508 passengers in April 2024 [1] - The Finland-Sweden route saw 103,670 passengers, an increase of 8.9% from 95,166 passengers in April 2024 [1][2] - The Estonia-Finland route recorded 268,060 passengers, up 4.3% from 256,978 passengers in the same month last year [1][3] - The Estonia-Sweden route had 44,738 passengers, a decrease of 3.5% from 46,364 passengers in April 2024 [1][4] Group 2: Cargo Transport - The number of cargo units transported decreased by 34.1% to 21,889 units in April 2025, down from 33,228 units in April 2024 [1] - The Finland-Sweden route experienced a significant drop of 42.6% in cargo units, from 4,200 to 2,412 units [1][2] - The Estonia-Finland route also saw a decline of 36.5% in cargo units, from 25,348 to 16,107 units [1][3] - The Estonia-Sweden route had a smaller decrease of 8.4%, with cargo units falling from 3,680 to 3,370 [1][4] Group 3: Passenger Vehicles - The number of passenger vehicles transported increased by 9.9% to 59,770 units in April 2025, compared to 54,380 units in April 2024 [1] - The Finland-Sweden route saw a notable increase of 25.0% in passenger vehicles, rising from 3,469 to 4,335 [1][2] - The Estonia-Finland route recorded an 8.1% increase, with passenger vehicles rising from 49,223 to 53,228 [1][3] - The Estonia-Sweden route experienced a significant increase of 30.7%, with passenger vehicles rising from 1,688 to 2,207 [1][4] Group 4: Other Events - The charter agreement for the cruise ferry Silja Europa was extended until January 31, 2026, with an option for an additional 6+6 months [5]