Group revenue of €1.6 billion in 2025

EBITDA expected above the guidance 
announced in March 2025

• Group: Revenue stable at €1.595 billion in 2025 (-1%^[1]) supported by higher Eurotunnel and Europorte revenues against a backdrop of the expected normalisation of Eleclink's contribution

• Eurotunnel: Revenue up 4% to €1.198 billion

• Eleclink: Revenue down 20% to €225 million compared to 2024, reflecting the normalisation of electricity markets and the suspension of activity^[2]

• Europorte: Revenue up 2% to €172 million

• Confident in the ability to exceed the 2025 EBITDA^[3] target announced in March, given the agreement reached with insurance companies regarding compensation for Eleclink's operating losses in 2024^[4]

Yann Leriche, Chief Executive Officer, commented: "Getlink confirmed the strength of its business model in 2025 with growth in its historical activities Eurotunnel and Europorte, which saw revenues increase by 4% and 2% respectively. While the cross-Channel freight market remains challenging, the passenger business is gaining market share thanks to its strategy focused on service quality. The high-speed segment confirmed its momentum with sustained traffic growth and major advances for its future development, including the opening of new destinations and the arrival of new players."
 

Footnotes

1. ^[1] All comparisons with 2024 revenue are made at the average exchange rate for 2025 of £1 = €1.165. ↑
2. ^[2] Suspension of Eleclink's activity from 25 September 2024 to 5 February 2025 and from 19 May to 2 June 2025. ↑
3. ^[3] 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. ↑
4. ^[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. 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 provides for compensation of €55 million. ↑