EBITDA increased 12.8% to EUR 150.6 million, while operating profit jumped 23.9% to EUR 85.6 million. Profit before tax reached EUR 77.5 million (up from EUR 62.2 million in 2024), and basic earnings per share climbed 28.4% to 46.6 cent. The improvement reflected higher revenues and effective cost management, including lower fuel costs in the ferries business.  

In the Ferries Division, revenue grew 7.4% to EUR 465.5 million, with EBITDA up 9.9% to EUR 120.7 million and operating profit rising 19.9% to EUR 65.2 million. Passenger numbers fell 2.5% to approximately 2.99 million, and car carryings declined 3.9% to 679,700, but RoRo freight units increased 6.5% to 816,700, highlighting resilience in freight demand.

Strategically, ICG completed the acquisition of the vessel JAMES JOYCE, achieving full ownership of its ferry fleet (with final payment on another vessel due in 2026). This enhances operational control, resilience, and cost predictability. The company also invested in fleet capacity through chartering and purchases to meet demand, while advancing sustainability initiatives such as emissions reductions.

The board proposed a final dividend of 10.95 cent per share, up 5.0% from 2024. Net debt rose to EUR 256.1 million (pre-IFRS 16 at EUR 133.5 million), partly due to strategic investments and shareholder returns, including significant share buybacks.

Looking ahead, ICG described 2025 as a strong year with resilient underlying demand despite macroeconomic and geopolitical uncertainties. While noting potential disruptions from operational challenges at Holyhead in 2026, the group emphasized cost discipline, flexibility, and a solid balance sheet to navigate the environment.

Full report https://icg.ie/wp-content/uploads/2026/03/Full-Year-Results-2025.pdf

© Shippax