Irish Ferries Parent ICG Sees Revenue & Profit Rise in 2025

5th March 2026

Jehan Ashmore

Robust growth at ICG was reported for 2025, in a year that also saw a significant strategic milestone with the acquisition of a Baltic Sea cruise ferry, Star 1, which resumed its name James Joyce in May, following a charter in 2023 from Tallink Grupp, when it was originally named Oscar Wilde, initially serving Rosslare-Pembroke. Since its reintroduction on Dublin-Holyhead, Afloat also highlights, it currently handles weekend round trips on the capital-continental connection to Cherbourg, France, before the ropax Isle of Inisheer returns next week (joining W.B. Yeats) following a routine dry-docking at Dunkirk East. Credit: Irish Ferries-Facebook

Maritime transport operator Irish Continental Group (ICG), owner of Irish Ferries, has said that revenue and profit rose in 2025, with growth across both its passenger and freight divisions.

The Dublin-listed group reported revenue of €666.7 million, a 10.4 percent increase from the previous year, based on passenger services to the UK and France, as well as UK-France and freight links with Belgium and the Netherlands.

Earnings before interest, tax, depreciation, and amortization had risen by €17.1 million to €150.6 million, supported by a robust performance in Irish Ferries and EUCON, the container operation and associated terminal divisions.

ICG, which released its preliminary results today, said a strategic capital expenditure of €82.6 million was funded by €162.2 million in cash generated from operations, with the group also paying out €123.2 million in dividends and share buybacks.

There was a net debt of €256.1 million at the end of the year, up from €162.2 million in 2024.

Growth in passenger and freight revenues in the Irish Ferries division was supported by disciplined pricing and continued focus on the firm’s operational efficiency.

More from The Irish Times on the group finances.

Published in Irish Ferries

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About The Author

Jehan Ashmore

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Jehan Ashmore is a marine correspondent, researcher and photographer, specialising in Irish ports, shipping and the ferry sector serving the UK and directly to mainland Europe. Jehan also occasionally writes a column, 'Maritime' Dalkey for the (Dalkey Community Council Newsletter) in addition to contributing to UK marine periodicals.

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