Getlink SE, the French transport‑support services company operating the Channel Tunnel through its subsidiary Eurotunnel, reported a modest decline in shuttle traffic for January 2026. According to data released by the company on February 6, 2026, the Truck Shuttle carried 95 922 trucks, a 5 % drop from January 2025. The Passenger Shuttle saw a 4 % decrease, moving from 125 795 vehicles in January 2025 to 120 908 vehicles in January 2026. The downturn was attributed to adverse weather conditions at the start of the month that made travel more difficult.

These figures are significant for investors and stakeholders because they reflect the operational performance of Getlink’s core cross‑channel services between Folkestone (UK) and Calais (France). While the company has maintained its concession until 2086, the slight reduction in traffic highlights the sensitivity of tunnel operations to seasonal weather variations. Getlink’s ongoing investment in “smart border” services aims to mitigate such disruptions and preserve the Tunnel’s reputation as the fastest, most reliable link between the continent and the United Kingdom.

Strategic Customs Collaboration with Agsa‑Partida

On February 5, 2026, Getlink announced a strategic partnership between its customs‑services arm, Getlink Customs Services, and Agsa‑Partida, a prominent Spanish customs and logistics provider. The collaboration focuses on streamlining the movement of goods between Morocco and the United Kingdom. By combining Getlink’s expertise in tunnel logistics with Agsa‑Partida’s experience in Spanish customs operations, the alliance intends to simplify cross‑border procedures and reduce clearance times for freight traveling through the Channel Tunnel.

This partnership aligns with Getlink’s broader goal of enhancing trade efficiency across its transport network. It also positions the company to capitalize on growing demand for seamless freight services between North Africa and the UK, a market that has historically been constrained by complex customs processes.

Corporate Capital Structure Update

In a regulatory filing dated January 31, 2026, Getlink disclosed its share capital and voting rights. The company issued 550 000 000 ordinary shares, each with a nominal value of €0.40. Theoretical voting rights numbered 699 961 616, while exercisable rights stood at 691 831 963. The difference arises from a double‑voting provision that applies to fully paid‑up ordinary shares held in registered form for at least two years. This structure provides a clear framework for shareholder participation and reflects Getlink’s commitment to transparency under French commercial law.

Market Context

As of February 4, 2026, Getlink’s share price on the NYSE and Euronext Paris exchanges closed at €17.28, situated near the 52‑week high of €17.59 recorded on May 20, 2025. With a market capitalization of approximately €9.19 billion and a price‑earnings ratio of 36.79, the stock remains priced on the higher side relative to the industrial transport sector, reflecting investor expectations for long‑term growth and the company’s strategic initiatives.

The upcoming release of February traffic figures on March 6, 2026, is expected to provide further insight into the Tunnel’s operational performance during the early months of the year. Investors will likely monitor these data alongside the company’s ongoing smart‑border developments and the new customs partnership to gauge Getlink’s resilience in a competitive transport landscape.