Finnlines’ Financial review January–September 2025
Thomas Doepel, President and CEO, in conjunction with the review
“The first nine months of the year re-confirm that we are back on track again. Our ro-ro fleet rationalisation and investments made in passenger traffic formed the basis of the satisfactory nine month result. Passenger revenue grew with EUR 7.2 million, reaching a record high of EUR 89.5 million passenger business turnover. This, in combination with reduced debt and falling interest rates, explains the significant improvement in results.
The Finnlines Group’s revenue in January–September 2025 amounted to EUR 547.1 (547.2 in 2024) million. Result before interest and taxes (EBIT) was EUR 74.5 (72.3) million. The result of 2024 contains gains on sale of three vessels, which are included in other income from operations. Hence, the operative EBIT year-on-year improvement was EUR 17.6 million.
Result for the period amounted to EUR 68.4 (52.1) million.
During the reporting period Finnlines transported 592,000 cargo units, 51,000 cars, and 871,000 tons of non-unitised freight. In total, 831,000 private passengers and professional drivers travelled with us.
The maritime industry has long been committed to environmental responsibility, and the sector has a clear objective. The goal set by the UN’s International Maritime Organization (IMO) is to achieve global carbon-neutral shipping by 2050. In mid-October, the IMO voted to postpone the consideration of the Net Zero Framework. It is evident that national interests continue to influence the outcomes, adding uncertainty to the transition toward green shipping. Nevertheless, Finnlines remains as dedicated as ever to achieving its environmental goal.
For decades, Finnlines has committed to offering economically and environmentally sustainable services. The company has invested massively in enhancing energy efficiency and renewal of its fleet. Over the past two decades, Finnlines has ordered or purchased twenty vessels. The total investment has been nearly two billion euros. In addition, during the past decade, over two hundred million euros has been invested in upgrading our existing fleet.
In April 2025, Finnlines announced a new investment programme, which consists of three new methanol-powered ro-pax vessels to enter the route between Finland and Germany in 2028–2029. These investments will play a vital role in meeting our goal of achieving a significantly lower environmental footprint.
Meanwhile, we are continuously developing other means to lower our customers carbon footprint. This is achieved by introducing low-carbon transportation solutions, electrifying ship operations, using bio-fuels, improving tonnage utilisation and developing our route network. By offering our customers a cost-effective and practical intermodal alternative to the road transport, we can play a central role in the green transition.
Finnlines remains committed to continuing to develop its commercial trade routes between Sweden and Poland, Finland and Poland, as well as its newly introduced connections between Poland and Belgium, France, the UK and Spain. The new connection enables to connect Poland directly to the global Grimaldi Group network, offering links to the Far East, the Middle East, Mediterranean, West Africa, South America and the East Coast of the United States.”
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Thomas Doepel, President and CEO, Finnlines Plc
[email protected], +358 50 565 4273
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Finnlines Plc
Finnlines is a leading shipping operator of freight and passenger services in the Baltic Sea, the North Sea and the Bay of Biscay. The company is a part of the Grimaldi Group, one of the world’s largest operators of ro-ro vessels and the largest operator of the Motorways of the Sea in Europe for both passengers and freight. This affiliation enables Finnlines to offer liner services to and from several destinations in the Mediterranean, West Africa, Atlantic coast of both North and South America as well as Asia and Australia.