AS Tallink Grupp reported a stronger first quarter for 2026, with higher passenger and cargo volumes supporting improved financial performance in a still challenging market.

Revenue increased to EUR 149 million, while the net loss narrowed to EUR 22 million compared with the same period last year.

Passenger numbers rose nearly 7%, while cargo units carried increased by more than 13%.

CEO Peep Jalakas said the result was encouraging despite ongoing global and regional tensions affecting market confidence. He noted that the Middle East crisis had not yet significantly impacted first-quarter figures, although rising fuel prices from March could weigh on future results.

During the quarter, Tallink signed a charter agreement for SUPERFAST IX. The company is also assessing future deployment options for ROMANTIKA, which returned to Estonia this spring.

Maintenance works on BALTIC QUEEN, SILJA SYMPHONY and VICTORIA I totalled 47 days, with investments exceeding EUR 14 million.

Tallink also faced higher costs from the EU Emissions Trading System, as the required share of surrendered allowances rose to 100% from the start of the year. Loan repayments and interest expenses reached nearly EUR 15 million.

Tallink plans to continue energy-efficiency measures, including a full switch to biomethane for its Tallinn–Helsinki shuttle vessels.

The Supervisory Board will propose a dividend of EUR 0.06 per share at the Annual General Meeting on 19 May in Tallinn.