Finnlines lifts nine-month profit on North Sea route changes and freight growth

The Finnish Ro-Pax operator credits added Belgium–Ireland capacity and new Polish links. Fuel surcharges, full EU ETS cost recovery and pandemic compensation also fed into results, while passenger numbers slipped.
Finncanopus
FinncanopusFinnlines
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Finnlines posted a profit of €108.6 million ($120.3 million) for January–September 2026, up from €68.4 million in the same period of 2025. The company expects its full-year result to improve considerably on 2025.

Nine-month revenue rose 20 per cent to €658.8 million and EBITDA increased 30 per cent to €184.7 million. Third-quarter profit rose 82 per cent to €58.3 million on revenue of €246.4 million.

President and CEO Thomas Doepel said, "the improvements made to our North Sea services by increasing capacity and frequency on the Belgium–Ireland trade and by connecting Poland directly to the UK, Belgium and Spain, increased our cargo volumes and contributed strongly to our bottom-line result."

He also cited freight growth on the Finland–Sweden and Finland–Poland routes.

In May the company added the chartered Lismore to its Rosslare–Zeebrügge service alongside Finnwave. It had added Gdynia to its North Sea rotation in 2025.

Cargo units rose to approximately 607,000 from 592,000, and cars excluding passengers' cars increased to approximately 66,000 from 51,000. Passenger numbers fell to approximately 813,000 from 831,000. Passenger-related revenue nevertheless rose to €95.2 million from €89.5 million.

Finnlines said fuel prices and the associated fuel surcharge remained above average levels. Since 2024 the company has charged customers an environmental fee to cover EU emissions trading system (ETS) costs, which it records in revenue. The ETS reaches its full phase-in for 2026 emissions. Doepel said this had, "translated into unprecedented environmental surcharges for maritime transport."

Other operating income rose to €3.9 million from €1.3 million. Finnlines recognises in this line the compensation it receives from the Finnish Transport and Communications Agency (Traficom) for losses caused by Covid-19 travel restrictions.

The company has three Ro-Pax vessels on order for Baltic Sea deployment, with delivery scheduled for 2028–2029.