Finance
Getlink's core profits drop, dragged down by Eleclink
Published by Global Banking and Finance Review
Posted on July 24, 2025
2 min readLast updated: January 22, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on July 24, 2025
2 min readLast updated: January 22, 2026
Getlink's profits fell due to Eleclink's sales drop, despite Eurotunnel growth. CEO cites energy market normalization as a key factor.
(Reuters) -Transport and infrastructure operator Getlink reported a drop in its half-year core profit as growth in its Eurotunnel and Europorte activities was outweighed by a fall in Eleclink's contribution.
WHY IT'S IMPORTANT
Eleclink's first-half sales fell more than 50% to 92 million euros ($108 million) compared to 185 million euros in the first half of 2024, due to the combined effects of the expected normalisation of electricity markets and business suspensions.
Overall, Getlink continued to benefit from operational resilience despite the shutdowns of Eleclink's activities, as Eurostar's traffic grew 4% to more than 5.6 million passengers, exceeding the record level of 2024's first half.
However, its freight segment suffered due to a lacklustre economic environment in Britain and a highly competitive cross-Channel market, with a slight drop of 2% in traffic.
The company's net profit was down 35% to 113 million euros.
CONTEXT
In addition to a normalisation of the electricity markets, Getlink has been impacted by the suspension of Eleclink's electrical interconnector between France and Britain between September 25 and February 10 due to a damaged cable, as well as a disruption for maintenance between May 19 and June 2.
QUOTE
Yann Leriche, CEO: "Our results are, as expected, down, and this is largely due to the fall in spreads, the normalisation of the energy and electricity markets in particular. And it's also due to two interruptions we had to make to the cable."
($1 = 0.8497 euros)
(Reporting Johan Bodinier in Gdansk; Editing by Lincoln Feast.)
Eleclink's first-half sales fell more than 50% to 92 million euros compared to 185 million euros in the first half of 2024.
Eurostar's traffic grew 4% to more than 5.6 million passengers, exceeding the record from the previous year.
Getlink's net profit was down 35% to 113 million euros, largely due to the fall in spreads and the normalization of energy and electricity markets.
Getlink has been impacted by the suspension of Eleclink's electrical interconnector between France and Britain, which affected its operational performance.
The freight segment suffered due to a lackluster economic environment in Britain and a highly competitive cross-Channel market, resulting in a slight drop of 2% in traffic.
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