Income Statement

Tallink's revenue has demonstrated a stable trend over the past quarter, with a slight increase in Q2 2026 compared to the same period in 2025. This stability can be attributed to the company's ability to maintain passenger volumes and capitalize on the growth in cargo volumes, despite the challenges posed by rising fuel prices. The deployment of the cruise ferry Romantika on the Tallinn-Stockholm route has also contributed to the company's revenue growth, as it has enabled Tallink to expand its services and attract new customers. However, the company's revenue growth is expected to be impacted by the ongoing cost pressures, which may lead to a cautious approach to pricing and capacity management. Nevertheless, Tallink's strong brand awareness and customer loyalty, as evident from the high customer satisfaction ratings, are expected to provide a solid foundation for the company's revenue growth in the coming quarters.

The realised revenue for Q2 2026 is 207 million Euros, and the predicted revenue for Q2 2027 (e) is 208.8 million Euros. The revenue is expected to increase by 1.8 million Euros, which is a 0.87% change from the realised value. The revenue is expected to increase by 15.7 million Euros from 2025 to 2026, which is a 2.1% change. From 2026 to 2027, the revenue is predicted to increase by 10.8 million Euros, representing a 1.4% change. The annual revenue values for the given years are 765.3, 781.0, and 792.8 million Euros.

Tallink's EBIT profitability has been experiencing a downward trend, indicating a decline in the company's ability to generate earnings before interest and taxes. This development is concerning, as it suggests that the company's operational efficiency and cost management may be inadequate. A closer examination of the company's financial statements reveals that the decline in EBIT profitability is largely driven by increased costs, including higher depreciation and amortization expenses, which are likely a result of the company's investments in new assets and technologies. Furthermore, the company's ability to manage its expenses and optimize its cost structure appears to be a challenge, as evidenced by the relatively low EBIT margin compared to its peers. Overall, Tallink's EBIT profitability issues highlight the need for the company to reassess its cost management strategies and explore opportunities to improve its operational efficiency.

The realised Ebit for Q2 2026 is 14.9 million Euros, while the predicted Ebit for Q2 2027 is 21.3 million Euros. The expected change in Ebit from Q2 2026 to Q2 2027 is an increase of 6.4 million Euros, which represents a 43% rise. The change in Ebit from 2025 to 2026 is a decrease of 18.3 million Euros, which is a 36.6% drop. The change in Ebit from 2026 to 2027 is an increase of 67.0 million Euros, which is a 209.4% rise. The annual Ebit values are 50.3 million Euros in 2025, 32.0 million Euros in 2026, and 99.0 million Euros in 2027.

The realised profit before tax in Q2 2026 is 10.1 million Euros, and the predicted profit before tax in Q2 2027 (e) is 21.3 million Euros. The expected change in profit before tax from Q2 2026 to Q2 2027 (e) is an increase of 11.2 million Euros, which represents a percentage increase of 110.9%. The change in Profit before tax from 2025 to 2026 is a decrease of 6.3 million Euros, which is a 21.9% drop. From 2026 to 2027, the change is an increase of 76.4 million Euros, which is a 341.4% rise. The annual values for Profit before tax are 28.9 million Euros in 2025, 22.6 million Euros in 2026, and 99.0 million Euros in 2027.

The realised profit for Q2 2026 is -2.5 million Euros, while the predicted profit for Q2 2027 (e) is 17.1 million Euros. The expected change in profit from Q2 2026 to Q2 2027 (e) is an increase of 19.6 million Euros, which represents a 786% change. The profit is expected to decrease by 14.3 million Euros from 2025 to 2026, which is a 82.4% decrease. From 2026 to 2027, the profit is expected to increase by 76.2 million Euros, which is a 2540% increase. The annual profit values are 17.3 million Euros in 2025, 3.0 million Euros in 2026, and 79.2 million Euros in 2027.