REG-Trading Statement

Irish ContinentalAnnouncement

26/11/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251126:nGNE7sq9Dd&default-theme=true


TRADING UPDATE

Irish Continental Group plc (“ICG” or “the Group”) issues this trading
update which covers carryings for the year to date to 22 November 2025 and
financial information for the first ten months of 2025, i.e. 1 January to 31
October, with comparisons against the corresponding period in 2024. All
figures are unaudited.

Volumes (Year to date, 22 November 2025) 

                          2025     2024     Change vs 2024  
 Cars                     624,300  656,100  (4.8%)          
 RoRo Freight             735,200  700,900  +4.9%           
 Container Freight (teu)  338,100  289,900  +16.6%          
 Terminal Lifts           324,800  306,900  +5.8%           

   
  
Volumes (since last Trading Update, 23 August 2025)

                          24/8/25-22/11/25  24/8/24-22/11/24  Change vs 2024  
 Cars                     157,400           168,400           (6.5%)          
 RoRo Freight             218,600           204,600           +6.8%           
 Container Freight (teu)  92,900            86,900            +6.9%           
 Terminal Lifts           90,300            88,500            +2.0%           

   

Consolidated Group revenue in the period was €573.0 million (2024: €521.0
million), an increase of 10.0% compared with last year. For banking covenant
purposes, pre-IFRS 16 net debt figures were €119.8 million compared to
€56.6 million at 31 December 2024. On an IFRS basis to include lease
obligations, net debt figures were €242.3 million compared to €162.2
million at 31 December 2024. The increase was attributable to the acquisition
of the James Joyce cruise ferry and the purchase of another container ship
during the year.

Ferries Division

Total revenues recorded in the period to 31 October amounted to €399.5
million (2024: €375.8 million) (including intra-division charter income), a
6.3% increase on the prior year.

For the year to 22 November, Irish Ferries carried 624,300 cars (2024: 656,100
cars), a decrease of 4.8% on the previous year. Freight carryings were 735,200
RoRo units (2024: 700,900 units), an increase of 4.9% compared with 2024.

Total revenues include customer surcharges covering fuel movements and
emission costs under the EU Emission Trading System (ETS).

Container and Terminal Division

Total revenues recorded in the period to 31 October amounted to €199.1
million (2024: €171.3 million), a 16.2% increase on the prior year.

For the year to 22 November, container freight volumes shipped were 338,100
teu (2024: 289,900 teu) an increase of 16.6% on the previous year. Volumes
handled at our terminals in Dublin and Belfast totalled 324,800 units (2024:
306,900 units), an increase of 5.8% year on year.

Total revenues include customer surcharges covering fuel movements and
emission costs under the EU Emission Trading System (ETS).

About Irish Continental Group plc

Irish Continental Group plc is the leading Irish-based maritime transport
group. The Group’s activities include the transport of passengers, cars and
Roll on Roll off (RoRo) freight under the Irish Ferries brand, on routes
between each of Ireland, Britain and Continental Europe. The Group also
provides Container Lift on Lift off (LoLo) freight services on routes between
Ireland and Continental Europe under the Eucon brand. Other activities include
the operation of container terminals in the ports of Dublin and Belfast and
ship chartering activities. For the year ended 31 December 2024, ICG reported
revenue of €603.8 million and EBITDA of €133.5 million.

Dublin.
26 November 2025

Enquiries

Eamonn Rothwell, CEO         
                                    +353 1
607 5628
David Ledwidge,
CFO                                                
+353 1 607 5628
Q4 Public Relations    
                                               
+353 1 475 1444