Annual results 2025: EBITDA at €859 million, above guidance - Dividend of €0.80 per share

• Group 

  • Revenue: €1,595 million in 2025, down 1%^[1]. Eurotunnel and Europorte revenue up 4% and 2%, Eleclink revenue down 20%.

  • EBITDA^[2]: €859 million (+4% vs 2024), exceeding the top end of the guidance for 2025^[3].

  • Cash position^[4] at €1,498 million at 31 December 2025.

  • Consolidated net profit of €320 million, up 3%.

  • Proposed dividend of €0.80 per share^[5], vs €0.58 per share in 2024.

• Eurotunnel

  • Revenue of €1,198 million (+4%).

  • EBITDA at €667 million (+5%).

• Eleclink

  • Revenue of €225 million (-20%), reflecting the evolution of electricity markets and the temporary suspension of the activity^[6].

  • EBITDA at €158 million (-1%), after a provision of €80 million^[7] for profit sharing and the recognition of €55 million^[8] following the compensation agreement reached with insurance companies in relation to the interconnector’s operating losses.

• Europorte

  • Revenue of €172 million (+2%).

  • EBITDA at €34 million (+6%).

Yann Leriche, Chief Executive Officer, commented: “Driven by the growth of its historic businesses, the Group has once again demonstrated the strength of its business model, exceeding the EBITDA target set at the beginning of the year. The groundwork laid in terms of quality of service and operational excellence continues to deliver excellent results. Our financial performance, the robustness of our balance sheet and the promising outlook for our markets have led the Board of Directors to propose at the Annual General Meeting a renewed momentum dynamic for our dividend policy, with a distribution of €0.80 per share in 2026.”

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Disclaimer: 

This report contains forward-looking information. This information, based on the Group's current estimates, remains subject to numerous factors and uncertainties that could cause the actual figures to differ significantly from those presented as forecasts. 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 French Financial Markets Authority (AMF) (available on the Group's website https://www.getlinkgroup.com). Getlink SE does not undertake to publish any updates or revisions to these forecasts.

About Getlink 

Getlink SE (Euronext Paris: GET) is, through its subsidiary Eurotunnel, the concessionaire until 2086 of the Channel Tunnel infrastructure and operates Truck and Passenger (cars and coaches) Shuttle services between Folkestone (UK) and Calais (France). Since 31 December 2020, Eurotunnel has been developing smart border services to ensure that the Tunnel remains the fastest, most reliable, easiest and most environmentally friendly way to cross the Channel. Since its inauguration in 1994, more than 537 million people and more than 109 million vehicles have travelled through the Channel Tunnel. This unique land link, which handles a quarter of all trade between the continent and Great Britain, has become a vital link, reinforced by the Eleclink electrical interconnection installed in the Tunnel, which helps to balance the energy needs of France and Great Britain. Getlink complements its sustainable mobility services with its rail freight subsidiary Europorte. Committed to low-carbon services that control their impact on the environment, Getlink places people, nature and the regions at the heart of its concerns. 

https://www.getlinkgroup.com

Footnotes

1. ^[1] 2 All comparisons with 2024 income statement are made at the average 2025 exchange rate of £1 = €1.165. ↑
2. ^[2] 3 In this press release, the term "EBITDA" refers to "current EBITDA" as defined in note D.4 of the 2024 annual consolidated financial statements: this is calculated by adding back depreciation charges to the trading profit. ↑
3. ^[3] 4 The target set in March 2025 was for an EBITDA of between €780 million and €830 million based on the scope of consolidation at that date, an exchange rate of £1 = €1.184 and a constant regulatory and fiscal environment. This target conservatively included the assumption of an initial tranche of insurance compensation for Eleclink's operating losses of €15 million (before taking into account the provision for profit sharing). The final agreement announced in December 2025 provides for compensation of €55 million. ↑
4. ^[4] 5 Including cash, cash equivalents and cash management financial assets. ↑
5. ^[5] 6 Subject to approval by the Annual General Meeting on 27 May 2026. ↑
6. ^[6] 7 Suspension of Eleclink's activity from 25 September 2024 to 5 February 2025 and from 19 May to 2 June 2025. ↑
7. ^[7] 8 The provision for Eleclink's profit sharing is established in accordance with IAS 37. ↑
8. ^[8] 9 Before taking into account the provision for profit sharing. ↑