Trading Statement
Ten-month revenue up 10% to €573m; car volumes down 4.8% but freight and container volumes grew.
- Consolidated Group revenue (Jan-Oct 2025) €573.0 million (prior €521.0 million)
- Pre-IFRS 16 net debt €119.8 million (prior €56.6 million at 31 Dec 2024)
- IFRS net debt (inc. lease obligations) €242.3 million (prior €162.2 million at 31 Dec 2024)
- Ferries Division revenue (Jan-Oct) €399.5 million (prior €375.8 million)
- Container and Terminal Division revenue (Jan-Oct) €199.1 million (prior €171.3 million)
- Container freight volumes (year to 22 Nov) 338,100 teu (prior 289,900 teu)
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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).
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