Key points:

• Revenue: EUR 658.8 (547.1) million, +20%
• EBITDA: EUR 184.7 (141.6) million
• EBIT: EUR 116.6 (74.5) million
• Result for the period: EUR 108.6 (68.4) million
• Q3 revenue: EUR 246.4 (195.2) million, +26%
• Q3 result: EUR 58.3 (32.1) million
• Cargo units: 607,000 (592,000)
• Cars: 66,000 (51,000)
• Non-unitised freight: 906,000 (871,000) tonnes
• Passengers: 813,000 (831,000)
• Passenger-related revenue: EUR 95.2 (89.5) million
• Outlook: full-year result expected to improve considerably compared with 2025

The third quarter on its own showed the biggest improvement. Revenue for July–September was EUR 246.4 (195.2) million, up 26 per cent. EBITDA rose 46 per cent to EUR 83.6 (57.1) million, and the result for the quarter was EUR 58.3 (32.1) million.

At the end of September, interest-bearing debt stood at EUR 313.0 (344.0) million and the equity ratio was 62.4 (60.9) per cent.

Cargo volumes for the nine months totalled 607,000 (592,000) cargo units, 66,000 (51,000) cars and 906,000 (871,000) tonnes of non-unitised freight. Passenger-related revenue rose to EUR 95.2 (89.5) million, while the number of passengers carried was 813,000 (831,000). Revenue from Port Operations was EUR 38.4 (31.7) million.

President and CEO Thomas Doepel said changes to the North Sea services had a large effect on the bottom line. Finnlines has added capacity and frequency on the Belgium–Ireland trade and now connects Poland directly to the UK, Belgium and Spain. In the Baltic Sea, growth came mainly from more freight on the Finland–Sweden route and also from the Finland–Poland trade.

Doepel said geopolitical tensions and continued limits on global energy supply have made energy markets even more volatile. Together with the full implementation of the EU Emissions Trading System (ETS), he said this has led to “unprecedented environmental surcharges” for maritime transport.

“In the current volatile environment, operational efficiency has become the decisive factor differentiating the strongest performers in the shipping industry,” Doepel said.

Finnlines operated an average of 18 (18) vessels in its own traffic during the third quarter. It has three Hansa Superstar class RoPax vessels on order for Baltic Sea service, with delivery scheduled for 2028–2029. Gross capital expenditure for January–September was EUR 42.5 (67.4) million.

Management expects the Finnlines Group’s full-year result to improve considerably compared with the previous year.

Full report https://www.finnlines.com/wp-content/uploads/2026/11/financial-review-q3_2026-eng.pdf

© Shippax