Getlink SE Reports €1.6 Billion Revenue in 2025, Driven by Core Businesses Amid Freight Market Challenges
Event summary
- Getlink SE reported full-year 2025 revenue of €1.6 billion, a 1% decline from 2024, primarily due to lower contributions from Eleclink.
- Eurotunnel's revenue increased by 4% to €1.2 billion, driven by a 2% rise in passenger shuttle volumes and a 5% increase in high-speed rail traffic.
- Eleclink's revenue dropped by 20% to €225 million, impacted by the suspension of activity and normalization of electricity markets.
- Europorte's revenue grew by 2% to €172 million, supported by recent acquisitions and strong performance in traction business.
- Getlink secured €237 million in revenue for 2026 and €100 million for 2027 through Eleclink's capacity auctions.
The big picture
Getlink SE's 2025 performance highlights the resilience of its core businesses, Eurotunnel and Europorte, amid challenges in the cross-Channel freight market. The company's strategic focus on service quality and high-speed rail expansion is paying off, but the normalization of electricity markets and operational disruptions at Eleclink pose ongoing risks. With a long-term concession until 2086, Getlink remains a key player in sustainable mobility and energy interconnection between France and the UK.
What we're watching
- Freight Market Dynamics
- Whether Getlink can mitigate the impact of a subdued economic environment and intense competition in the cross-Channel freight market.
- High-Speed Rail Growth
- The pace at which Eurostar can sustain traffic growth following the reopening of the Amsterdam Centraal terminal and expansion to new destinations.
- Eleclink's Recovery
- How the compensation from insurance companies and secured revenue for 2026 and 2027 will affect Eleclink's financial performance and operational stability.
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