2025 half-year results

Growth in Eurotunnel results
Lower contribution from Eleclink
2025 EBITDA guidance reiterated

Group:

• Revenue: €739 million (-9%^[1] due to lower contribution from Eleclink)
• EBITDA^[2]: €366 million (-14%)
• Net profit: €113 million (-35%)
• Cash position^[3]: €1,355 million at 30 June 2025
• 2025 guidance reiterated: EBITDA of between €780 million and €830 million^[4]

Eurotunnel:

• Revenue of €564 million (+4%) through growth in Railway Network and Shuttle activities in a challenging economic environment, particularly in freight
• EBITDA at €298 million (+2%)

Eleclink:

• Revenue of €92 million (vs €185 million in H1 2024 due to the combined effects of the expected normalisation of electricity markets and the suspensions of activity)
• EBITDA at €52 million (vs €117 million in H1 2024), after provision for Eleclink profit sharing of €23 million

Europorte:

• Stable revenue at €83 million
• EBITDA at €16 million (+2%)

Yann Leriche, Chief Executive Officer, commented: “Our half-year results confirm the solid performance of the Group’s historical activities and as expected, reflect the lower contribution from Eleclink. The strict application of our strategy focused on quality of service and operational excellence, as well as AI integration are bearing fruit in our core activities and enables us to confirm our EBITDA guidance for 2025. The half-year was also marked by positive developments in high-speed rail between London and Europe, with the British regulator’s announcement of immediate available capacity at the Temple Mills depot for train maintenance, plans to extend St. Pancras station and the announcement of interest by a new operator."

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Disclaimer: This report contains forward-looking information. All forward-looking statements are Getlink SE’s present expectations of future events and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. For a more detailed description of these risks and uncertainties, please refer to the "Risk Factors" section of the Universal Registration Document and the documents filed with the Autorité des marchés financiers (AMF) (available on the Group's website at https://www.getlinkgroup.com). Getlink SE undertakes no obligation to publicly update or revise any of these forward-looking statements.

About Getlink

Getlink SE (Euronext Paris: GET) is, through its subsidiary Eurotunnel, the concession holder until 2086 for the Channel Tunnel infrastructure and operates the Truck and Passenger (cars and coaches) Shuttle services between Folkestone (GB) and Calais (France). Since 31 December 2020, Eurotunnel has been developing services around the smart border to ensure that the Tunnel remains the fastest, most reliable, easiest and most environmentally friendly way to cross the Channel. Since its opening in 1994, more than 518 million people and over 106 million vehicles have travelled through the Channel Tunnel. This unique land link, which carries a quarter of all trade between the Continent and Great Britain has become a vital link, reinforced by the Eleclink electricity interconnector installed in the Tunnel, which helps balance energy needs between France and Great Britain.̀ Getlink complements its sustainable mobility services with its rail freight subsidiary Europorte. Committed to low-carbon services that minimise their impact on the environment, Getlink places people, nature and the regions at the heart of its concerns.

https://www.getlinkgroup.com

Footnotes

1  All comparisons with the income statement for the first half of 2024 are made at the average exchange rate for the first half of 2025 of £1 = €1.187.

2. In this release, "EBITDA" is equivalent to "current EBITDA" as defined in note D.4 of the 2024 consolidated financial statements: it is calculated by adding back depreciation charges to the trading profit.

3. In this release, "cash" refers to cash, cash equivalents and cash management financial assets.

4. Guidance set in March 2025 based on the scope of consolidation at that date and an exchange rate of £1=€1.184, assuming a constant regulatory and tax environment.