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Resolutions of the Annual General Meeting

At the meeting held on 4 June 2026 at the conference centre of the Tallink Spa & Conference Hotel, 43 shareholders were in attendance, holding a total of 17,470,060 shares. Accordingly, share capital in the amount of EUR 1,747,006.00 was represented at the meeting, corresponding to 84.73% of Infortar’s share capital.

At the meeting, the shareholders approved the 2025 annual report submitted by the Management Board, as well as the profit allocation proposal, according to which the net profit for the 2025 financial year was EUR 69,857 thousand and the dividend payable to shareholders is EUR 3.02 per share.

The dividends will be paid in two instalments:

EUR 1.51 per share will be paid on 15 July 2026 by transfer to shareholders entered in the list of shareholders as at the close of the business day of the settlement system of the securities registrar on 8 July 2026.

EUR 1.51 per share will be paid on 15 December 2026 by transfer to shareholders entered in the list of shareholders as at the close of the business day of the settlement system of the securities registrar on 8 December 2026.

In addition, it was decided to appoint AS PricewaterhouseCoopers as the auditor for the current financial year and to approve the options to be issued to members of the Supervisory Board.

Infortar operates in seven countries. the company's main fields of activity are maritime transport, energy and real estate. Infortar owns a 68.47% share in Tallink Grupp, a 100% share in Elenger Grupp and a versatile and modern real estate portfolio of approx. 141.000 m2. In addition to the three main areas of activity Infortar also operates in agriculture, engineering, construction minerals, printing sector, services and other areas. A total of 107 companies belong to the Infortar group, including 3 affiliated companies and 2 subsidiaries of affiliated companies. Excluding affiliates Infortar employs 6288 people.

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Q1 results of 2026

Infortar increased its revenue by 13% in the first quarter to EUR 505 million. The company’s profit amounted to EUR 5 million, and EBITDA reached EUR 47 million. The Group’s equity amounted to EUR 1.236 billion, total assets to EUR 2.659 billion and investments to EUR 29 million. Infortar’s borrowings decreased by 7% to EUR 1.032 billion, and net debt decreased by 16% to EUR 800 million.

A recording of the webinar presenting the first-quarter results is available HERE.

According to Ain Hanschmidt, CEO of Infortar, the improvement across all of the Group’s key financial indicators has been driven by organic growth in day-to-day business activity and volumes. “Over the past year, we have further reduced our already low debt burden. A strong balance sheet and solid liquidity give us a secure financial position and room to grow even in more challenging conditions,” Hanschmidt noted.

“We have built a portfolio that does not rely on any single sector or market. Energy, maritime transport, real estate and agriculture perform differently across economic cycles, and that diversification is what gives the Group stability. In a changing environment, it helps us balance risk and maintain steady cash flows,” Hanschmidt said.

“Changes in Tallink Grupp’s management have brought fresh momentum, and we are entering the peak summer season on the Baltic Sea with confidence. In real estate and construction, projects are progressing well: the Rail Baltica project continues to move forward, the Halinga green gas plant in Pärnu County is nearing completion, concrete works are actively underway at the Depo store development in Lasnamäe, Tallinn, the arches of the Sindi–Lodja bridge have been installed in Paikuse, a topping-out ceremony was held at INF Ehitus’s new production facility, and the newly renovated Tallink Express Hotel has reopened,” Hanschmidt added.

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Welcome Peep Jalakas

As of 6 April, Peep Jalakas has taken up the role of Chairman of the Management Board of Tallink Grupp. In his first interviews, he noted that he sees the offer to lead Tallink as a significant recognition of his work to date. On his very first day, we asked the new CEO to sum up the past 40 years of his life in just a few sentences.

“I was born and raised in the small town of Kunda, attended Kunda Ühisgümnaasium, and went on to study economics at the University of Tartu. Numbers have always fascinated me, and when the opportunity arose to join SEB Bank during my second year at university, I didn’t hesitate for long. Of course, at 20, I didn’t imagine I would stay there for 20 years and work my way through nine different roles – from teller and client manager to Head of Credit and ultimately Member of the Management Board. At one point, I also spent six months in Sweden.”

As a leader, Peep is demanding of both himself and his colleagues, valuing precision and openness. He also believes that alongside hard work, it is important to take time to celebrate achievements, as most of us spend half or more of our waking hours at work with colleagues – and that part of life should be enjoyable too.

“I’m very excited to join the Tallink team and contribute to the company’s growth and development. Over the years, Tallink has shown it can perform in all kinds of circumstances. My goal is to ensure Tallink continues to be the number one choice for both customers and employees, while delivering financial results that satisfy our more than 37,000 shareholders.”

In his free time, Peep enjoys sports, with running as his main passion, alongside ball games such as tennis and volleyball.

“During secondary school, in addition to basketball, I was also actively involved in folk dancing. I can confidently say it’s the mother of all cardio training – there’s only a very short step from that to running a full marathon,” he added with a smile.

Welcome aboard and best of luck! tere

Photo: Jake Farra

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