Tallinna Sadam

Earnings Release • Jan 9, 2026

AS Tallinna Sadam operational volumes for 2025 full year and Q4

AS Tallinna Sadam operational volumes for 2025 full year and Q4

In 2025 Q4, 3.6 million tonnes of cargo and 1.9 million passengers passed
through the harbours of Tallinna Sadam. Compared to the same period of the
previous year, cargo volumes increased by +6% i.e. 191 thousand tonnes, mainly
supported by liquid bulk and ro-ro, and the number of passengers increased by
+0.9% i.e. 17 thousand passengers due to the increase in the number of cruise
passengers. The number of vessel calls decreased by -4.8%. The number of
vehicles travelling between the Estonian mainland and the main islands increased
by +7% and number of passengers by +4.5%. The number of charter days of the
icebreaker Botnica declined -3.9% comparing to the same period last year.

In 2025, close to 14 million tons of cargo and more than 8 million passengers
passed through the harbors of Tallinna Sadam. The annual cargo volume increased
by +5.1% and the number of passengers +1.0%. The number of vessel calls remained
the same. The number of passengers between the Estonian mainland and the main
islands increased by +1.2% and the number of vehicles by +3.5%. The number of
charter days of the icebreaker Botnica decreased by -19%, the utility rate was
49%.

Valdo Kalm, the Chairman of the Board of Tallinna Sadam, commented on the
results: "In the fourth quarter, we saw an increase in the number of passengers
and cargo volume for the third quarter in a row. We are pleased that in addition
to liquid bulk, which led an increase in cargo volume this year, the volume of
ro-ro also increased, reaching the highest level in the last four years in the
fourth quarter. The number of winter cruise calls that started last year was
even higher this year, which made a good contribution to the increase in the
number of passengers. There were slightly fewer ship visits, but at the same
time the ships that visited our ports were larger."

"We are satisfied with the results of the year in terms of operating volumes.
The growth in cargo volume met our expectations and we continue to be positive
in terms of passenger business, which is based, among other things, on the
growth in cruise ship bookings," said Valdo Kalm.

The operational volumes of Tallinna Sadam group for 2025 full year and Q4 are
presented in the following table. The data for the Q4 2025 is preliminary as of
9 January 2026. The final volumes for the period may be specified and will be
published in the following financial report.

Q4 2025 Q4 2024 Change 2025 2024 Change

Cargo volume by type of cargo 3 601 3 409 5.6% 13 799 13 134 5.1%

(th tonnes)

Ro-ro 1 620 1 532 5.8% 6 432 6 571 -2.1%

Liquid bulk 641 341 87.9% 1 998 1 362 46.7%

Dry bulk 716 839 -14.6% 2 715 2 581 5.2%

Containers 523 563 -7.0% 2 107 2 110 -0.1%

in TEUs 63 958 71 033 -10.0% 259 398 261 822 -0.9%

General cargo 94 125 -24.3% 489 487 0.4%

Non-marine 6 10 -45.0% 57 23 150.5%

Number of passengers by routes 1 874 1 857 0.9% 8 284 8 201 1.0%

(th pax)

Tallinn-Helsinki 1 679 1 675 0.2% 7 326 7 230 1.3%

Tallinn-Stockholm 116 118 -2.0% 495 563 -12.0%

Muuga-Vuosaari 42 43 -1.7% 195 201 -3.3%

Cruise (traditional) 27 13 107.8% 190 152 25.3%

Other 10 8 25.9% 77 54 41.8%

Number of vessel calls 1 689 1 774 -4.8% 7 127 7 127 0.0%

Cargo vessels 323 372 -13.2% 1 418 1 435 -1.2%

Passenger vessels (incl. Ro-Pax) 1 356 1 395 -2.8% 5 584 5 585 0.0%

Cruise vessels (traditional) 10 7 42.9% 125 107 16.8%

Ferries*

(Saaremaa and Hiiumaa routes)

Number of trips 5 164 5 151 0.3% 23 050 23 179 -0.6%

Number of passengers (th) 498 476 4.5% 2 492 2 462 1.2%

Number of vehicles (th) 261 245 6.6% 1 215 1 174 3.5%

Icebreaker Botnica

Charter days 49 51 -3.9% 179 221 -19.0%

Utility rate (%) 53% 55% -3.9% 49% 60% -18.8%

*Ferry traffic volumes show the general demand for the service, but do not
directly affect the financial results of the ferry segment, as the fee is fixed
in the service contract regardless of the number of passengers and vehicles
served.

More detailed statistics of passengers by nationality, gender and routes on
monthly basis, can be viewed on the Tallinna Sadam web page:
https://www.ts.ee/en/statistics/. We also publish quarterly key figures in xlsx
format: https://www.ts.ee/en/investor/key-figures/.
Detailed statistics on the number of passengers and vehicles on passenger
ferries in Estonian language can be viewed here:
https://www.praamid.ee/aruandlus-2/#statistika-4.

Tallinna Sadam is one of the largest cargo- and passenger port complexes in the
Baltic Sea region. In addition to passenger and freight services, Tallinna Sadam
group also operates in shipping business via its subsidiaries - OÜ TS Laevad
provides ferry services between the Estonian mainland and the largest islands,
and OÜ TS Shipping charters its multifunctional vessel Botnica for icebreaking
and offshore services in Estonia and projects abroad. Tallinna Sadam group is
also a shareholder of an associate AS Green Marine, which provides waste
management services.

Additional information:

Angelika Annus
Head of Investor Relations
Tel +372 5649 6230
E-mail: [email protected] (mailto:[email protected])