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]